Previous Close | 21.90 |
Open | 21.83 |
Bid | 21.45 |
Ask | 23.40 |
Strike | 130.00 |
Expire Date | 2020-01-17 |
Day's Range | 21.00 - 22.30 |
Contract Range | N/A |
Volume | 38 |
Open Interest | 29.11k |
Yahoo Finance contributor Roger Parloff joins The Final Round to discuss the intensifying backlash towards big tech companies like Amazon, Facebook, and Google, and how antitrust probes into these companies have become a focal point of the 2020 Presidential election.
Microsoft grew up with the digital revolution, both driving the change and evolving with it. How does the company look toward the next stages of the tech era as ethical issues become more complex and its workforce becomes more vocal and opinionated?
Microsoft has had an incredible year, from the growth of its cloud business to its plans to roll out a new game streaming service in 2020.
Let's REALLY dive deep into the abyss which can be tech. Associate Stock Strategist Dan Laboe, Zacks' resident Tech geek joins us.
We found three semiconductor stocks with the help of our Zacks Stock Screener that investors might want to consider buying for 2020...
AWS' complaint paints a picture of an acquisition flawed by a list of alleged procurement errors designed to reach a predetermined outcome. The $10 billion question is, will the court see it that way?
(Bloomberg) -- High-multiple software stocks have struggled over the past few months as analysts reassess their growth prospects and valuations, and the group could see additional weakness in 2020, creating an environment where more-defensive legacy names are more favored, analysts said on Wednesday.“There is a greater level of concern that the global economy could enter into a recessionary environment next year,” wrote Gregg Moskowitz, an analyst at Mizuho Securities. As a result, “there may be an increased risk of a rotation to value stocks that could cause multiple compression among higher growth companies.”Despite a potential risk to stock multiples, the firm expects software demand to remain robust next year, particularly in the sub-sectors of cybersecurity and cloud computing. It added that “barring a significant recession,” many companies would “navigate these issues very well,” and views both Microsoft Corp. and Salesforce.com Inc. as well positioned.Salesforce was also singled out by Cowen, which named the company as one of its “best ideas” for 2020.Next year “could prove to be a volatile year for higher multiple stocks given trends we’ve seen over the last few months,” Cowen analyst J. Derrick Wood wrote. In contrast, he said, Salesforce looks like “an attractive defensive growth investment,” given its lower valuation and “positioning around high growth/high value segments of software.”A basket of high-multiple software stocks tracked by Goldman Sachs fell as much as 2.6% on Wednesday, and the index was on track for its sixth straight decline, its longest streak of declines since October 2018. Even with the recent decline, the index remains up more than 40% in 2019.Among the names falling on Wednesday was Slack Technologies, down over 6%, Coupa Software, off about 4% and Zscaler, which fell 3.5% despite bullish commentary from BofA. Atlassian Corp. sank 5.7%, while Domo Inc. was off 4.2%. Cornerstone OnDemand and HubSpot each fell more than 3%. Separately, Zendesk fell 1.7%, on pace for a fifth straight decline.UBS analyst Jennifer Swanson Lowe on Wednesday wrote that small- and mid-cap software-as-a-service companies were “working through the bumps,” even as the overall demand environment for software was “healthy” going into the end of the year.The comments followed a UBS conference, where companies like Zendesk, Hubspot and Domo “highlighted strong secular demand trends, but also scaling challenges,” according to a report. Lowe added that software pertaining to security, cloud computing and automation were among the categories with “strong market momentum.”A key catalyst for the software sector will come Thursday afternoon, when Adobe Inc. is scheduled to report its fourth-quarter results. In focus is whether the company is able to maintain revenue growth above 20%; Wall Street is currently expecting growth of 21%, according to data compiled by Bloomberg.“How investors react to Adobe’s earnings and commentary could presage how software companies and their underlying stock prices will behave in 2020,” wrote Richard Davis, an analyst at Canaccord Genuity.He said the 20% growth threshold “has taken on a near mythical importance,” and suggested that if companies fail to maintain this level, investors may start “changing their tune” on whether they are comfortable with growth that doesn’t come with operating leverage.To contact the reporter on this story: Ryan Vlastelica in New York at rvlastelica1@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Steven Fromm, Jeremy R. CookeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Billionaire Ken Fisher is in hot water because of his sexual comments at a financial services conference. Fisher is known for his prestigious Forbes column, titled “Portfolio Strategy”, which he has been writing since 1984, which makes him the longest-running columnist in the publication’s history. He also has written 11 books, four of which became New […]
The tech giant has seen its stock price move sideways, driven by a weak earnings outlook Continue reading...
RIYADH/DUBAI, Dec 11 (Reuters) - Saudi Aramco shares surged the maximum permitted 10% above their IPO price on their Riyadh stock market debut on Wednesday, in a move hailed by the government as a vindication of its towering $2 trillion valuation of the state oil company.
The bullish trends in the S&P 500 index will likely continue heading into the New Year powered by the Fed's accommodative interest-rate policy and a resilient domestic economy.
It was almost a year ago when a Fed meeting helped send stock indices plunging into bear or near-bear territory. The Fed’s decision back then to raise rates for a fourth time in 2018 put new interest rate fear into an already shaky market. Things couldn’t be more different approaching today’s Fed meeting conclusion, when the futures market expects no policy changes and the Fed is coming off of three-consecutive rate cuts.
Paycom's (PAYC) new specialized tools, Performance Evidence and Video Content Creator, will aid companies to efficiently equip the in-house staff for meeting the fast-changing business needs.
Smart Beta ETF report for CRBN
Dow futures: The stock market still seeks China trade clarity, but Apple, AMD, Google, Microsoft and Target are acting like true leaders.
FT subscribers can click here to receive Tech Scroll Asia by email. Hi everyone — Paytm, Asia’s biggest unicorn outside China, looks to be in trouble, with implications for its investors SoftBank and Alibaba. A fintech revolution is hurtling through south-east Asia as Indonesia is seized by an e-money craze.
The conspiracy theory at the heart of Amazon.com Inc.’s lawsuit over its loss of the $10 billion JEDI contract is another example of more possibly unethical tactics by the Trump administration.
Microsoft has deftly counter punched by sticking to tightly-scripted comments and side-stepping an ugly dispute between AWS and the federal government.
Investors in a controversial “burrito bond” offered by the Mexican food chain Chilango face a stark choice of swapping their debt for shares in the distressed company or losing 90 per cent of its value. Under the CVA proposals, holders of the bond will either take part in a debt-for-equity swap in the form of preferred shares with an 8 per cent annual dividend, or receive a settlement of their debts at 10p per pound invested. Chilango can only issue the preference shares if existing investors vote in favour of it, as the new equity would rank ahead of regular stock.
At the Cascadia Rail Summit outside Seattle, a fledgling scheme to bring high-speed rail from Portland to Vancouver found an enthusiastic reception.
Take-Two Interactive (TTWO) announces the launch of new studio to expand portfolio and push the boundaries of interactive entertainment.
U.S. Attorney General William Barr has signaled he wants to finish the antitrust investigation into U.S. technology giants next year. “I think it’s important to move quickly on these things as they have a cost to companies,” Barr said. Barr was speaking at The Wall Street Journal CEO Council summit in Washington, D.C., on Tuesday.
U.S. Attorney General William Barr said Tuesday he’s aiming to wrap up an antitrust probe into tech giants in 2020.
Even only a slight increase in interest rates creates millions more in interest payments for consumers.