MSFT Jan 2020 130.000 call

OPR - OPR Delayed Price. Currency in USD
20.70
+0.20 (+0.98%)
As of 3:51PM EST. Market open.
Stock chart is not supported by your current browser
Previous Close20.20
Open20.72
Bid20.00
Ask21.80
Strike130.00
Expire Date2020-01-17
Day's Range20.58 - 21.56
Contract RangeN/A
Volume486
Open Interest30.67k
  • What Bill Gates Gets Wrong About Fossil Fuels
    Bloomberg

    What Bill Gates Gets Wrong About Fossil Fuels

    (Bloomberg Opinion) -- Investors are turning their back on fossil fuels.Sweden’s central bank sold its holdings of sovereign debt issued by Canadian and Australian local governments dependent on fossil fuel extraction, the Riksbank said last week. A day later, the European Investment Bank said it would stop providing funding for conventional fossil fuels by 2022.One response might be to yawn. Divestment has “reduced about zero tonnes of emissions. It’s not like you’ve capital-starved people making steel and gasoline,” Microsoft founder Bill Gates told the Financial Times in September.That view seems to be grounded in solid academic research: One influential 1996 study of the divestment campaign against the shares of companies involved in apartheid South Africa found the moves had “little discernible effect.” Why should the current hue and cry against carbon-intensive fuels be any different?The argument that shareholder divestment campaigns don’t have a significant direct impact is probably right. Equity markets wouldn’t function without a diverse range of contrarian types with a high appetite for risk. To such investors, a major institution selling out of a cash-generative business like tobacco looks like an opportunity to buy at a discount. It’s a different matter on the debt side, however. Indeed, there’s ample evidence that, contrary to Gates’s view, capital starvation is already rampant.“Coal power plant financing is very challenging,” Dharma Djojonegoro, deputy chief executive officer of Indonesian generator PT Adaro Power, told Reuters in June. “In South Africa, out of the four biggest banks, three have stated that they won’t be funding us,” the former chief executive of generator Eskom Holdings SOC Ltd., Phakamani Hadebe, told a conference the previous month. The withdrawal of coal finance was raising the cost of funding, the chief executive of Polish generator Enea SA told shareholders in May. Adani Enterprises Ltd. has promised to self-fund a controversial Australian coal mine after local banks refused to stump up the cash.Why should things be so different when it comes to debt?The equity market is kept alive by a large array of investors who like nothing better than to make a quick return by challenging the conventional wisdom, and don’t mind racking up a few losses as long as their better trades leave them ahead at the end of the quarter. Most debt investors are different — risk-averse, fearful of downsides, and more likely to follow the herd.For the syndicated loans that most companies use to fund their day-to-day operations, it’s rare to have more than a dozen banks on the ticket. Bonds are a bit more diverse, especially at the high-yield end — but more cautious players such as insurers and pension funds still have the largest chunk of the U.S. corporate fixed-income market.In this more circumspect corner of the capital markets, even investors who don’t have a problem with fossil-fuel finance may wind up backing out for fear of being left stranded by the retreat of other players, according to Fitch Ratings Inc.“As the pool of investors willing to lend to coal projects diminishes,” the cost of debt issuance and refinancing rates could be affected “over concerns that other lenders will not be forthcoming,” the credit company’s macro research affiliate wrote in a May report.Energy is already the highest-risk end of the bond market, with option-adjusted spreads — a measure of the extra return demanded by lenders over the government bond rate — well above other sectors.Even the debt binge that drove sovereign yields below zero across Europe this year has failed to set the market alight. Issuance of non-yuan debt by upstream and integrated oil and gas companies and coal producers is running 15% below its 2017 peak year-to-date, compared to a 32% increase in overall corporate bond issuance, according to data compiled by Bloomberg. As a share of total corporate issuance, the fossil-fuel extraction sector is running at its lowest levels since 2005, the data show.(2)Gates’s history makes him peculiarly ill-suited to understand how damaging debt divestment can be. Microsoft Corp. funded its growth from earnings rather than loans, and has held net cash in every fiscal year since 1990, in part because software is about the most capital-light industry that’s ever been invented. Over the past decade, a dollar of fixed assets has been sufficient to produce $15.23 of revenue at the median software company, according to data compiled by Bloomberg. One common factor of most sin stocks is that they’re also relatively capital-light. Tobacco companies generate $3.68 of revenue for each dollar of fixed assets, and even aerospace and defense companies achieve $4.45, according to Bloomberg’s data. Resource extraction couldn’t be more different: Over the same period, a dollar has produced just 63 cents of revenue for coal, oil and gas.(1) That makes these companies unusually vulnerable to changes in the appetites of lenders.At present, more than 100 financial institutions have put restrictions on their funding for thermal coal, and 41 insurers have divested from or restricted their coverage of the sector.The little coal financing activity that’s still going on is largely dependent on government support from China, Japan and South Korea. State investors already account for 77% of coal power finance in Asia, and it’s increasingly likely that withdrawal of more investors could result in a “domino effect within the industry,” according to Fitch.Don’t underestimate how quickly that could change things. Finance is the lifeblood of business. Cut off its flow, and the heart won’t keep beating for long.(1) We've excluded yuan-denominated debt because so much of the sector is dominated by state-owned lenders.(2) We've based our calculation on property, plant and equipment net of depreciation.To contact the author of this story: David Fickling at dfickling@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Jeremy Grantham's 3rd-Quarter Buys
    GuruFocus.com

    Jeremy Grantham's 3rd-Quarter Buys

    GMO plays on takeovers, adds more iShares and Alibaba Continue reading...

  • Barrons.com

    Slack Stock Slides as Rival Microsoft Teams Hits 20 Million Active Users

    Slack’s chief rival in the market for collaborative communications tools is growing. One analyst calls it an “ominous sign.”

  • Reuters

    UPDATE 1-Salesforce to use Amazon's cloud for call center services

    Business software provider Salesforce.com Inc said on Tuesday it would use Amazon.com Inc's artificial intelligence for its customer service offering. The partnership brings Salesforce and Amazon into more direct competition with call center technology providers such as RingCentral Inc. RingCentral has built out cloud technology for call centers and recently executed a deal to supply Avaya Holdings Corp, which was evaluating sale or merger options after struggling to build out similar technology on its own.

  • MarketWatch

    Slack shares slump as Microsoft continues to make corporate inroads

    Shares of Slack Technologies Inc. slumped as much as 10% Tuesday on news that Microsoft Corp.'s competing Teams communication app has passed more than 20 million daily active users, extending its lead over Slack. Microsoft on Tuesday said its Teams app grew 54% since July as it continues to benefit from corporate wins, including Alcoa Corp. and Telefonica S.A. . Microsoft Chief Executive Satya Nadella in October said Teams -- which was introduced in 2016, two years after Slack -- has 350 customers with at least 10,000 people using its app. In October, Slack said it has 12 million daily active members, up from 10 million in late January. "We continue to believe that while Slack has the first mover advantage in this new market opportunity, Microsoft represents the biggest risk for investors given its massive enterprise installed base and the fact that it offers Teams with no extra charge to its Office 365 business customers," Wedbush Securities analyst Daniel Ives said in a research note on Tuesday. He rates Slack stock an "Underperform," with a price target of $14 a share.

  • Investing.com

    Stocks: Home Depot, Kohls, Energy Shares Weigh on Market

    Investing.com – Stocks struggled to keep the big rally moving Tuesday, but weakness in retail stocks pulled the Dow lower and kept the S&P; 500 in check.

  • Is Oracle Stock A Buy Right Now? Here's What Earnings, Charts Show
    Investor's Business Daily

    Is Oracle Stock A Buy Right Now? Here's What Earnings, Charts Show

    A multiyear business restructuring by Oracle has moved the database software giant solidly into cloud computing, as bulls and bears continue to debate what it means for the company's stock.

  • Top Tech Stocks for December 2019
    Investopedia

    Top Tech Stocks for December 2019

    The technology sector is made up of companies that, among other things, manufacture consumer electronics and their components, develop software, and provide information technology (IT) services like cloud hosting. Below, we'll examine the top three stocks in the tech sector for best value, fastest earnings growth, and most momentum. HP announced in November that its board of directors had unanimously rejected an unsolicited proposal from Xerox to acquire the computer manufacturing company.

  • Benzinga

    Swoosh!: Amazon Loses Nike

    It's still two months before former eBay's boss John Donahoe takes charge of Nike Inc's (NYSE: NKE) boat, but significant alterations are already taking place. Nike offered only a vague explanation, saying it will focus on elevating its consumer experiences through more direct relationships. Obviously, the plus of being on Amazon is the platforms' huge base of customers, but the minus being shared revenues.

  • Google Acquires CloudSimple, Enhances Cloud Capabilities
    Zacks

    Google Acquires CloudSimple, Enhances Cloud Capabilities

    Alphabet's (GOOGL) Google acquires CloudSimple which is likely to drive momentum across enterprise customers.

  • NVIDIA & Microsoft Intend to Democratize Use of Supercomputer
    Zacks

    NVIDIA & Microsoft Intend to Democratize Use of Supercomputer

    NVIDIA (NVDA) and Microsoft attempt to democratize the utilization of supercomputer by enabling companies to rent the robust capabilities of one according to demand.

  • TheStreet.com

    [video]Slack Tanks as Microsoft Says Teams App Has 20 Million Daily Users

    Shares of Slack Technologies were dropping sharply Tuesday after rival Microsoft announced that its 'Teams' messaging app has surpassed more than 20 million daily active users. Microsoft said that the Teams app grew 54% since July following corporate partnerships with Alcoa and Telefonica S.A. . Last month, Slack reported 12 million daily active users in the second quarter, which was already behind the 13 million users Teams was reported to have in July.

  • Zacks.com featured highlights include: Heico, Microsoft, Zoetis and Cadence Design System
    Zacks

    Zacks.com featured highlights include: Heico, Microsoft, Zoetis and Cadence Design System

    Zacks.com featured highlights include: Heico, Microsoft, Zoetis and Cadence Design System

  • Business Wire

    Baker Hughes, C3.ai, and Microsoft Announce Alliance to Accelerate Digital Transformation of the Energy Industry

    Baker Hughes (NYSE:BKR), C3.ai, and Microsoft Corp. (MSFT) today announced an alliance to bring enterprise artificial intelligence (AI) solutions to the energy industry on Microsoft Azure, an industry-leading cloud computing platform. This alliance will enable customers to streamline the adoption of scalable AI solutions for the energy industry that help promote safety, reliability, and sustainability. It leverages the significant energy technology expertise of Baker Hughes, C3.ai’s proven AI platform and applications, and the Microsoft Azure cloud computing platform.

  • Investing.com

    StockBeat – Slack Slumps as Competition From Microsoft Heats Up

    Investing.com – Shares of messaging platform Slack Technologies (NYSE:WORK) slumped on Tuesday on competition fears as a rival service from Microsoft (NASDAQ:MSFT) appears to be gaining momentum following a surge in active users.

  • TheStreet.com

    [video]Google Stadia Reviews Show Why Microsoft's Cloud Gaming Strategy Is Smarter

    Whereas Google is betting on cloud gaming alone, Microsoft is taking a more practical approach to supporting the technology.

  • PR Newswire

    Cognizant U.S. Foundation, Walmart.org and Microsoft Philanthropies Partner to Increase Inclusion in the Technology Sector through Computer Science Education

    NEW YORK, Nov. 19, 2019 /PRNewswire/ -- The Cognizant U.S. Foundation, Walmart.org and Microsoft Philanthropies today announced a collective $3 million investment to deliver industry-informed computer science curriculum at 150 college campuses nationwide, and support women and students of color studying and pursuing careers in technology. The investment in CodePath.org, a nonprofit dedicated to expanding the pipeline of underrepresented populations in technology, will enable the organization to triple the number of two- and four-year colleges participating.

  • Intel, AMD and Nvidia step up their fight for AI chips in the high-performance arena
    MarketWatch

    Intel, AMD and Nvidia step up their fight for AI chips in the high-performance arena

    Three rival chip giants, Advanced Micro Devices Inc., Intel Corp. and Nvidia Corp., all rolled out new products at the annual supercomputing conference, in an increasingly competitive battlefield to speed up the fastest computers on earth.

  • Bloomberg

    Google Wins Vodafone Data Deal in Battle With Amazon, Microsoft

    (Bloomberg) -- Google is taking over a chunk of Vodafone Group Plc’s data operations to help the world’s second-biggest mobile phone company identify cost savings using artificial intelligence.Vodafone will shift data processing and storage from its own premises to Google’s cloud and use Google’s real-time analysis tools to develop new services for business clients and streamline the carrier’s operations in 24 countries, the companies told Bloomberg.It will become “the brains of our business as we transform ourselves into a digital tech company,” said Simon Harris, Vodafone’s head of big data delivery.Alphabet Inc.’s Google is vying with Amazon.com Inc. and Microsoft Corp. for dominance in data centers and cloud computing. Vodafone has launched an internal platform dubbed “Neuron” to aggregate and crunch the ocean of data from its customers and networks. Chief Technology Officer Johan Wibergh said Vodafone can’t do that without Google’s capabilities.The companies didn’t give the price of the contract.Many phone companies are closing their aging data centers and outsourcing the work to a new generation of huge server farms developed by U.S. tech giants. Telecom Italia SpA has partnered with Google to sell cloud and edge computing services to corporate clients. Britain’s BT Group Plc is shifting from owning its data infrastructure to partnering with tech giants and selling complementary services such as system integration and cybersecurity.The Google deal is much more cost-effective than trying to build the same technological tools in-house, said Wibergh by phone. Vodafone is not selling its own data centers as they are still being used for other things, he added.To contact the reporter on this story: Thomas Seal in London at tseal@bloomberg.netTo contact the editors responsible for this story: Rebecca Penty at rpenty@bloomberg.net, Thomas Pfeiffer, Jennifer RyanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Rigzone.com

    Baker Hughes, C3.ai, Microsoft Team up to Boost Energy AI

    The JV will help customers adopt scalable AI solutions for the energy industry that promote safety, reliability, and sustainability.

  • 3 Dow Stocks for Dividend Investors to Buy as Stock Market Keeps Climbing
    Zacks

    3 Dow Stocks for Dividend Investors to Buy as Stock Market Keeps Climbing

    Today we searched for highly-ranked, large-cap stocks using our Zacks Stock Screener that dividend investors might want to consider buying. All three of the stocks also happened to be Dow components from completely different industries...

  • Slack shares fall while daily active users for Microsoft Teams rises
    Yahoo Finance Video

    Slack shares fall while daily active users for Microsoft Teams rises

    Shares for messaging service slack are in the red, falling by some 10% from earlier today.  This all comes after Microsoft announced that its rival workplace messaging service saw an increase of 20 million daily active users over the past few months. It's all talks on "The Final Round."

  • Slack stock plummets as rival Microsoft Teams surpasses 20M daily active users
    Yahoo Finance Video

    Slack stock plummets as rival Microsoft Teams surpasses 20M daily active users

    Shares of Slack tumbling after Microsoft revealed its "Teams" communication platform app now has 20 million daily active users. Microsoft introduced "teams" in 2016-- two years after slack.