Making money in stocks doesn't have to be difficult. It's a lot easier to do when a household name like Microsoft (NASDAQ: MSFT) is still cranking out stellar operating results every quarter. The Redmond, Washington, company turned in another doozy of a quarter last week, with re
If you're concerned that Tesla (NASDAQ: TSLA) stock's recent wild run higher isn't sustainable, here's a counterargument for you. One analyst said this week that there's plenty of excitement ahead for Tesla. Indeed, shares could rise to $1,200 over the next twelve months, he pred
In spite of its considerable challenges, 2020 ended up being a good year for the semiconductor industry. According to figures compiled by the Semiconductor Industry Association (SIA) and released on Monday, total global sales increased to $439 billion during the year, up 6.5% ove
Cybersecurity attacks are becoming more frequent and more sophisticated. In 2020 alone, numerous high-profile companies, including Twitter, Marriott, and SolarWinds, were successfully targeted by hackers. Not surprisingly, cybersecurity has been a hot topic lately, as enterprises
Rescale, a platform that helps researchers access high performance computing for complex calculations, said on Tuesday it raised $50 million from investors including chip firm NVIDIA Corp, Microsoft Corp's venture fund M12, and Korea's Samsung Catalyst Fund.
The S&P 500 registered its biggest daily percentage gain since Nov. 24 on Monday after a steep sell-off last week, and technology-related shares led the advance, while a move by retail traders into silver drove up mining shares.
U.S. stocks ended sharply higher on Monday, led by gains in technology shares after last week's steep market sell-off, while mining shares rose as the retail trading frenzy shifted to silver.
Are These The Best Tech Stocks To Watch This Week? 4 In Focus.As we kicked off 2021, tech stocks continued to blaze through the stock market. For the most part, this has not changed, based on how some of the top tech stocks are doing amidst the current earnings season. Last week,
Ford Motor Co will tap into software, artificial intelligence and cloud computing offered by Alphabet Inc's Google to develop new consumer services and modernize internal operations, the companies said on Monday.
Ford Motor Company (NYSE: F) announced Monday that it has entered a six-year deal with Google, which will make the search giant responsible for much of Ford's upcoming in-vehicle connectivity. Under the deal, future Ford and Lincoln vehicles — beginning in 2023 — wil
Wall Street's main indexes climbed on Monday following a steep sell-off last week, as a shift in the retail trading frenzy to silver drove up mining stocks and investors monitored progress in talks over economic stimulus.
Ford Motor Co will tap into software, artificial intelligence and cloud computing offered by Alphabet Inc's Google to develop new consumer services and modernize internal operations, the companies said on Monday.
Robinhood, the trading app that disrupted the brokerage industry with commission-free stock trades, has accumulated over 13 million users since its launch in 2015. Its growth accelerated throughout the pandemic, as stay-at-home measures and volatile markets attracted a new genera
Wall Street's main indexes climbed on Monday following a steep sell-off last week, as a shift in the retail trading frenzy to silver drove up mining stocks and investors monitored progress in talks over economic stimulus.
The European Union (EU) regulator has set a March 5 provisional deadline to take a decision on whether to allow Microsoft to buy ZeniMax Media for $7.5 billion.
Shares of Microsoft (MSFT) were up by 1.4% in pre-market trading on Monday. The company announced the acquisition of ZeniMax Media last year for $7.5 billion in cash. ZeniMax Media is the parent company of Bethesda Softworks, a privately held game developer and publisher. The company had stated during the announcement that with the acquisition, Bethesda’s franchises including The Elder Scrolls and Fallout would be added to Microsoft’s Xbox Game Pass, if the deal would go through.
At the end of the second quarter of FY21, Xbox sales were up 40% from the year-ago period. The company’s gaming business saw revenues in excess of $5 billion during the quarter. Xbox Game Pass had more than 18 million subscribers while Xbox Live had more than 100 million MAUs (Monthly Active Users) at the end of the fiscal second quarter. (See Microsoft stock analysis on TipRanks)
Following the quarterly results on Jan. 26, Wedbush analyst Daniel Ives reiterated a Buy rating and raised the price target from $270 to $285 (22.9% upside potential) on the stock. Ives said, “With a vaccine being deployed globally, the WFH [work from home] shift will clearly moderate as many return to the office during the course of 2021."
"However, from an IT [information technology] architecture perspective, the cloud shift will continue to gain speed as many CIOs [chief information officers] aggressively go down the digital transformation path with MSFT's Azure/Office 365 footprint as the main enterprise cloud artery,” the analyst added.
The rest of the Street is firmly bullish about the stock with a Strong Buy consensus rating. That’s based on 24 analysts recommending a Buy. The average analyst price target of $280.73 implies 21% upside potential to current levels.
Wall Street's main indexes were set for a higher open on Monday following a steep sell-off last week, as a shift in the retail trading frenzy to silver drove up mining stocks and investors awaited manufacturing data later in the day.
U.S. stock index futures bounced 1% on Monday following a steep sell-off on Wall Street last week, as a shift in the retail trading frenzy to silver drove up mining stocks and investors awaited manufacturing data later in the day.
The easiest, and really most profitable way to get rich in the stock market is to identify companies with outstanding growth opportunities, competitive advantages over peers, excellent management teams, then buy them at reasonable prices.Then, do nothing. Preferably, for years an
EU antitrust regulators will decide by March 5 whether to clear Microsoft's $7.5 billion acquisition of ZeniMax Media, the U.S. tech giant's biggest gaming acquisition to better compete with Sony Corp's PlayStation.
Japan's Nintendo Co Ltd on Monday hiked the full-year sales forecast for its Switch console to 26.5 million units from 24 million units previously after a bumper end to the year for the hit device.
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