MSFT Mar 2020 125.000 call

OPR - OPR Delayed Price. Currency in USD
44.10
0.00 (0.00%)
As of 2:01PM EST. Market open.
Stock chart is not supported by your current browser
Previous Close44.10
Open47.30
Bid35.95
Ask39.40
Strike125.00
Expire Date2020-03-20
Day's Range44.10 - 47.30
Contract RangeN/A
Volume2
Open Interest27
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  • Will the shows go on? Coronavirus, MWC cancellation hang over tech conferences
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    Will the shows go on? Coronavirus, MWC cancellation hang over tech conferences

    The abandonment of a show as big as Mobile World Congress stings economically for the host city, mobile industry and entrepreneurs from across the globe who attend in hopes of doing deals. And it could just be the beginning.

  • Reuters

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  • Chip, software stocks rebound as broader U.S. market keeps bleeding out
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    Chip stocks and software stock break ranks with the rest of the tech sector on Friday, bouncing back amid a week long bloodbath for the broader U.S. market fueled by fear of the COVID-19 coronavirus.

  • Coronavirus update: 83,861 cases, 2,867 deaths, global events in question
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    Coronavirus update: 83,861 cases, 2,867 deaths, global events in question

    The rising number of COVID-19 cases and deaths outside of China has led to cancellations of major events, including a two-week shutdown of Tokyo Disney, all gatherings in Switzerland of more than 1,000 people, and caused Facebook, Microsoft, and Workday to withdraw from or cancel events.

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    US STOCKS-Wall Street selloff deepens on pandemic fears

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  • Reuters

    Gates urges wealthy nations to fund coronavirus response

    Philanthropist Bill Gates on Friday urged wealthy nations to help low and middle-income countries strengthen their health systems in hopes of slowing the spread of the coronavirus, which Gates said has started to behave like a "once-in-a-century" pathogen. The novel coronavirus that first emerged in China and has now spread to 46 countries is much harder to stop than similar viruses that caused the Middle East Respiratory Syndrome (MERS) or Severe Acute Respiratory Syndrome (SARS), Gates wrote. The Bill and Melinda Gates Foundation has already pledged $100 million to fight the outbreak.

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  • Chip stocks face up to the grim implications of the coronavirus outbreak
    TipRanks

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    China is suffering a coronavirus epidemic. (Maybe you've heard about it?)At last report, 78,832 patients have been infected in China, and sad to say, COVID-19 hasn't been contained within China. In fact, 54 countries now report infections (up four from yesterday). South Korea has the most cases outside of China... and is where today's story begins.In a report just out from Mizuho Securities in Japan (coronavirus infections: 214), managing director Vijay Rakesh explains how COVID-19 concerns are spreading outside the China epicenter to South Korea, Taiwan, Italy, Iran, and Japan, and impacting normal functioning of the global supply chains in PCs, server/data center, handsets, and memory.Not all the news is bad. China's swift imposition of quarantines on upwards of 60 million of its citizens have slowed the disease's expansion in that country and, from Rakesh's perspective at least, "China is slowly returning to normal."But is it a new normal?Between official quarantines and citizens fearful of going out in public, Rakesh notes that China is seeing "strong" growth in "e-commerce" and also "online gaming." Apparently, people are using the former to get access to supplies without leaving their apartments, and using the latter to while away the time while the epidemic burns itself out. In the analyst's opinion, this is going to translate to strength in sales of graphics processing units (GPUs) manufactured by companies such as NVIDIA (NVDA) and Advanced Micro Devices (AMD), of PCs software sales by Microsoft (MSFT), as well as better revenues for online gaming companies such as Tencent (TCEHY).And all that makes sense. We just wouldn't extrapolate the short-term activities Chinese citizens are taking whilst "cocooning" and hiding from coronavirus into long-term trends -- or even necessarily a quarterly spike in sales for any of these companies. While the temptation may be strong to seek out a silver lining around the dark storm clouds looming over the market this week, make no mistake: The situation looks grim. And it's going to take a whole more than a few online take-out orders to justify the 60 P/E ratio at NVIDIA -- much less the 196 P/E ratio at AMD.The analyst's suggestion that Microsoft and Tencent might be worth a look, on the other hand, seems a little more sane at valuations of 33x and 32x earnings, respectively -- but even those two are not exactly "cheap."Meanwhile, next door in South Korea, Rakesh seems to think that things will get worse before they get better. He notes, for example, that Samsung recently temporarily closed its Gumi Galaxy Z handset factory, which could delay rolling out 5G-capable handsets to the masses. And Samsung won't be the only company affected."It is more difficult to control public movement [in a democracy like Korea] versus the central controlled quarantines in China," after all. For this reason, Rakesh is predicting "major disruptions" in supply chains tied to Korea in March.The situation could improve in the year's second quarter, and in the second half, "as OEMs play catchup to demand." In that longer-term timeframe, Rakesh is suggesting investors check out "cyclical auto and industrial names" such as NXP Semiconductors (NXPI) and ON Semiconductor (ON) to outperform.To find good ideas for semiconductor stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

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  • Financial Times

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  • Baidu Becomes Latest Tech Giant to Deliver Disappointing Outlook
    Bloomberg

    Baidu Becomes Latest Tech Giant to Deliver Disappointing Outlook

    (Bloomberg) -- Baidu Inc. predicted revenue may slide as much as 13% this quarter, joining its fellow technology giants in warning about the impact of the deadly coronavirus.China’s internet search leader forecast a 5% to 13% plunge in sales to between 21 billion yuan ($3 billion) and 22.9 billion yuan in the March quarter, missing an average projection for 23.4 billion yuan. Its U.S.-traded shares slid as much as 1.6% in extended trading.From Microsoft Corp. and Apple Inc. to Alibaba Group Holding Ltd., the world’s largest corporations have either scaled back on projections or warned of a hit to their operations from Covid-19. Apart from the uncertainty of the outbreak, Baidu has been grappling with a slowing home economy and competition from upstarts like ByteDance Inc. that’ve lured advertisers away and depressed marketing rates. Chief Executive Officer Robin Li said it will take time for the world’s No. 2 economy to recover.“The return of economic growth will be a long-term issue after the epidemic, but many new opportunities are emerging,” the billionaire founder told employees in an internal memo obtained by Bloomberg.Certain businesses can thrive despite the epidemic, including online entertainment and education, Li added. Baidu’s Netflix-style unit iQiyi Inc. projected a better-than-expected revenue gain of 2% to 8% this quarter.“The virus has affected consumer spending, so naturally advertisers will want to postpone their budgets,” said David Dai, a Hong Kong-based analyst with Bernstein.Read more: Virus Outbreak Exposes $46 Billion Rift in China’s Tech IndustryIn recent days, anxiety has mounted about the spread of the virus outside of China, where it originated. But Baidu executives on Friday emphasized they remained upbeat about a gradual return to normality.“Business activities have started to pick up as people return to work. At Baidu, our employees are gradually returning to the office, applying strict safety measures,” Chief Financial Officer Herman Yu told analysts on a conference call. “We assume businesses across China will do the same, and that our marketing services will pick up at a faster pace into quarter-end.”Baidu had earlier reported better-than-expected revenue for the quarter ended December, when ad demand stabilized and pressure from competitors eased. To offset stalling growth, it looked to improve its bottom line especially by tightening content costs related to iQiyi. Longer term, the company is investing gains from its core search and news services into divisions like driverless cars and smart speakers.Baidu’s shares rallied after the company reported preliminary revenue for the December quarter that beat the highest of analysts’ estimates, but that gain’s mostly been erased since the epidemic triggered a broader selloff of Chinese stocks. The company has been surpassed in market value by rivals like Meituan Dianping and NetEase Inc. after shedding more than $11 billion last year.“For the majority, or probably all of the industries who advertise on us, those kinds of demand don’t disappear -- they’re just postponed,” Li said on the call Friday. “If you plan to marry, you’ll still get married. If you plan to buy a car, you’ll still buy a car. If you plan to become prettier, you’ll still go for cosmetic surgery. This kind of demand will come back after the epidemic ends.”To contact the reporter on this story: Zheping Huang in Hong Kong at zhuang245@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Colum MurphyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Financial Times

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  • Dell Projects Profit That Falls Short of Estimates on PC Warning
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    (Bloomberg) -- Dell Technologies Inc. gave a profit forecast that fell short of Wall Street estimates, in a sign that weaker corporate demand for personal computers will take a toll on the hardware giant.Profit, excluding some items, will be $5.90 to $6.60 a share in fiscal 2021, Chief Financial Officer Tom Sweet said Thursday during a conference call. Analysts, on average, projected $6.72, according to data compiled by Bloomberg.Dell expects $92 billion to $95 billion in fiscal 2021 revenue. The sales midpoint topped the average analyst estimate of $93.1 billion. A surge of corporate upgrades to PCs that has fueled robust demand will probably end in the second half of the fiscal year, Sweet said.Chief Executive Officer Michael Dell has sought to leverage the different parts of his empire to sell clients higher-value packages of hardware and software. But global economic issues, including trade conflicts, the past few months have slowed sales of equipment for data centers, particularly in China. Sweet said server demand would bounce back during the year, which will help boost the company’s overall revenue.Unlike competitors such as Microsoft Corp. and HP Inc., Dell didn’t account for any economic effect from the coronavirus outbreak in its forecast.“I didn’t think it was appropriate to quantify, because I’m not sure we know the full impact,” Sweet said in an interview. “We’ve been moving production and parts around. Are we at full capacity? No. We’re navigating through it based on what we know today.”Dell anticipates adjusted operating income of $8.9 billion to $9.5 billion in fiscal 2021, Sweet said.In the period ended Jan. 31, Revenue increased 1% to $24 billion, the Round Rock, Texas-based company said earlier Thursday in a statement. Analysts, on average, estimated $23.9 billion. Profit, excluding some items, was $2 a share in the fiscal fourth quarter, matching estimates.Sales in the company’s infrastructure solutions unit, which provides equipment to data centers, declined 11% to $8.8 billion. Storage hardware sales decreased 3% and servers and networking gear dropped 19%, highlighting a slower spending environment among large corporate clients.The personal computer division gained 8% to $11.8 billion in the quarter. Commercial sales rose 10% due to corporate clients upgrading their computers to adopt Microsoft’s Windows 10 operating system. Revenue from consumers climbed 4%.Shares fell to a low of $40.40 after closing at $43.56 in New York. The stock has declined 23% in the past 12 months.Dell said it repaid about $1.5 billion of gross debt in the quarter and $5 billion for the year. The company said it has paid down $19.5 billion in gross debt since closing its acquisition of EMC Corp. in September 2016. Dell also announced a $1 billion share buyback program over two years.To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Dan ReichlFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.