125.59 +0.15 (0.12%)
After hours: 7:56PM EDT
|Bid||125.43 x 2200|
|Ask||125.60 x 3200|
|Day's Range||123.84 - 125.58|
|52 Week Range||90.28 - 125.58|
|Beta (3Y Monthly)||1.01|
|PE Ratio (TTM)||29.10|
|Earnings Date||Apr 24, 2019|
|Forward Dividend & Yield||1.84 (1.56%)|
|1y Target Est||129.25|
The earnings extravaganza continues on Wednesday with reports from heavyweights Boeing before the opening bell and Facebook, Microsoft and Tesla after the closing bell.
When he became CEO of SVMK, parent of SurveyMonkey, in 2016, the company was struggling to find its footing after the death of its former CEO Dave Goldberg and brief six-month tenure of CEO Bill Veghte. The company and its employees were hungry and eager to get back in the game, Lurie recalled. In conducting a strategic review of the company's operations and why its users deployed SurveyMonkey, Lurie was hit with an epiphany.
Microsoft is a leader in the rapidly expanding cloud-computing market. Here is how Microsoft stock's technicals and fundamentals look before its Q1 report.
Software leader Microsoft is poised to hit a soft patch in its sales and earnings growth starting with its fiscal third-quarter report. The Microsoft earnings news is due late Wednesday.
Four of the Latest Takeaways from Microsoft in April(Continued from Prior Part)Oracle and IBM dropped Microsoft (MSFT) has made it to the short list of companies being considered for a lucrative cloud contract from the US Department of Defense. The
Four of the Latest Takeaways from Microsoft in April(Continued from Prior Part)Zoom turned Microsoft down According to data from Crunchbase, Microsoft (MSFT) has bought about a dozen companies since the beginning of 2018, and it recently announced
Four of the Latest Takeaways from Microsoft in AprilExpress Logic develops IoT softwareMicrosoft (MSFT) announced this month that it had acquired a San Diego startup called Express Logic for an undisclosed amount. Express Logic specializes in
Two U.S. companies arguably dominate the growing cloud infrastructure, and they both report later this week even as they wrestle each other to be the second highest-valued stock by market capitalization. Microsoft is scheduled to report fiscal Q3 earnings after the close Wednesday, with Amazon expected to report Q1 earnings after the close Thursday. As a reminder, cloud computing provides a way for businesses to access servers, storage, databases and application services over the Internet.
Earth Day came and went, but hopefully not without leaving a positive impression on individuals and their day-to-day actions. But if you want to make a constructive impact on your investment portfolio, two buys and one short in the following energy stocks should be on your trading radar right now.Ironically, and many will say perversely enough, the price of oil -- that non-renewable and dirty fossil fuels -- spiked to fresh five-month highs to kick off the trading week on Earth Day, a celebration of sustainability for our planet.Who says the market doesn't have a sense of humor?InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 High-Yielding Dividend Stocks That Won't Wilt Still, while black gold is enjoying sunnier conditions, the trend toward using cleaner alternatives within the energy industry shouldn't be overlooked. This includes being informed of the price charts of energy stocks Chevron (NYSE:CVX), First Solar (NASDAQ:FSLR) and Exelon (NYSE:EXC). Here's how to capitalize on this necessary industry revolution with two longs and one short. Chevron (CVX) Click to EnlargeCVX, the first on this list of energy stocks, is the largest, dirtiest and most unsustainable outfit of the three industry players. And it's also my short play within the group.As the monthly chart of CVX stock reveals, Wall Street remains enthusiastic about Chevron. Shares have been trending higher since 2003 and are only a handful of percentage points have been removed from last month's narrow miss of taking out January 2018's all-time-high.But just as trends like how we go about sourcing our electricity change, so do price charts for energy stocks like Chevron. And I think today's long-standing uptrend is bound to unravel … and it could start with something as simple as CVX stock's developing double top pattern.With earnings on tap later this week on Friday, my recommendation is to short CVX beneath this month's low of $119. This entry would put shares back below the March candlestick as key lateral support becomes resistance and April puts the finishing touches on an engulfing bearish formation. First Solar (FSLR) Click to EnlargeFirst Solar is the country's largest player in the solar energy industry. And if the price chart has any say in those matters, FSLR stock is about to become larger.Since cratering to an all-time-low in 2012, shares of First Solar have, while volatile, been moving higher over time. The price action in this energy stock has taken on a bullish inverse head and shoulders pattern.A neckline breakout and pattern confirmation of a much larger move still have some distance to go before FSLR stock is in position for that sort of technical challenge. But I'm bullish on this energy stock today.Shares of First Solar have been consolidating laterally for the several sessions while using the 50% retracement level for technical support. My recommendation is to buy FSLR stock above the pattern high of $61.23 in anticipation of a quick move toward the larger formation's neckline. * 7 Small-Cap Growth ETFs For Adventurous Investors With a potential earnings catalyst around the corner and FSLR stock known for its volatile reactions, I'd also suggest buying any pre-earnings breakouts in conjunction with a collar strategy to guard against uncontrolled and potentially much larger-than-expected portfolio risk. Exelon (EXC) Click to EnlargeYou may not have heard of Exelon, but ignorance is not bliss. EXC stock is a controversial alternative within the trend of more sustainable and cleaner energy alternatives. Despite not being a household name, Exelon is the country's largest operator of nuclear plants in the U.S with a portfolio of 23 reactors under its care.Nuclear energy, of course, doesn't emit greenhouse gases. That's really good news. But in its most widely used form to generate electricity there are real issues like safely housing radioactive waste, dealing with possible harmful meltdowns, weapons proliferation and high operating costs. Still, don't let that stop you from buying EXC stock today.While we wait on Microsoft (NASDAQ:MSFT) founder Bill Gates' TerraPower or other startups such as Terrestrial Energy and Oklo to solve nuclear energy's shortcomings, for now, EXC stock is the $46 billion elephant in the room. And it's not one to shut the doors on. And Wall Street appears to agree.The monthly chart of EXC stock shows that following a steep and prolonged bear market from 2009 through 2013, shares have been moving higher and increasingly, within a steadier uptrend as investors open their eyes and wallets toward this energy stock.Now, with shares of Exelon safely above the 62% retracement level, it looks like "all systems go" for this nuclear play. My recommendation would be to buy EXC's current pullback, which barely shows up on the monthly view. As a safety measure, and to avoid any potential meltdowns, using an initial stop-loss of 7% also makes good sense.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Yielding Dividend Stocks That Won't Wilt * 4 Energy Stocks Soaring as Trump Tightens on Iran * 7 Tech Stocks With Too Much Risk, Not Enough Upside Compare Brokers The post 2 Longs, 1 Short in Energy Stocks: FSLR, EXC and CVX appeared first on InvestorPlace.
Melinda Gates celebrated her 25th wedding anniversary with billionaire Microsoft (MSFT) co-founder Bill Gates on New Year’s Day, and she revealed in a recent interview with The Sunday Times that their marriage has been “incredibly hard” sometimes.
Nintendo's (NTDOY) results for the quarter ending March 2019 are likely to benefit from solid game releases and record sales of Switch.
Amazon's (AMZN) first-quarter results are likely to benefit from AWS dominance in cloud driven by strengthening services portfolio.
[Editor's note: This story has been edited to correct a misstatement concerning the status of Watson Health.]The case for IBM (NYSE:IBM) stock seems reasonably easy to make. For one, International Business Machines stock (as it's sometimes known) is among the cheapest issues in the market. IBM stock trades at just 10x 2019 EPS estimates and yields a healthy 4.5%.Source: Shutterstock That combination seems like it should be an attractive one for the longtime tech giant. And indeed, I recommended IBM stock on two occasions last year, most recently amid a sell-off in November. There was - and still is - a "get paid to wait" argument for betting on a turnaround. I myself sold puts on IBM early last year, with the goal of either keeping a healthy premium or acquiring International Business Machines stock at a more attractive price.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe problem with IBM stock, however, is that the combination of a cheap price and a solid yield has held for years now. And over that stretch, IBM shares simply have kept falling. The stock actually touched a nine-year low in December. Even with a rally of late, IBM trades more than 20% below early 2017 highs. For nearly three years now, IBM has been a yield trap. * 7 Tech Stocks With Too Much Risk, Not Enough Upside For that to change, the turnaround needs to take hold. And while there's still hope, the recent Q1 earnings report hardly showed much progress. IBM stock still is cheap - but until the underlying business improves, it very well might stay that way. IBM Falls After EarningsIBM infamously posted 23 straight quarters of declining revenue (on a year-over-year basis) before breaking the streak with the Q4 2017 report. Unfortunately, Big Blue is back to its old ways.Three straight quarters of growth have been followed by three straight quarters of decline. In those previous three reports, IBM has fallen short of consensus revenue estimates each time.In Q1, sales fell 0.9% year-over-year, even backing out currency effects. Pre-tax margins did expand sharply (some 300 basis points) but a comparison against one-time charges in the year-prior quarter was a big help. EPS, in part due to a higher tax rate, actually declined to $2.25 from $2.45 the year before.From a broad standpoint, it doesn't look like enough, and the 4%+ decline in IBM stock makes some sense. A Closer Look at EarningsThat said, looking at the quarter more closely results in an "eye of the beholder" situation. For instance, a big issue in the quarter was mainframe sales: IBM Z revenue dropped 38%, per the IBM Q1 conference call. But as The Motley Fool pointed out, that's in part due to the mainframe cycle that may rebound in 2020 or 2021 as a new product is released.At the same time, however, it was that same cycle that largely drove the three-quarter stretch of growth a year ago. Without that cycle, IBM still is a long way from keeping revenue stable.Outside of mainframe, the news looks mixed. Unsurprisingly in the current climate, IBM seeks some growth in key areas. Constant-currency cloud revenue grew 12%, per the Q4 call; that business, over the past four quarters, now has generated about a quarter of total revenue. Consulting revenues are up.But there's a bit of a "rising tide lifts all boats" phenomenon there. Cloud revenue should be rising and perhaps should be rising much faster. Different companies have different definitions of "cloud", but the 12% rate clearly lags those of other tech giants like Microsoft (NASDAQ:MSFT) and Amazon.com (NASDAQ:AMZN). It's difficult from the numbers to believe that IBM is gaining market share; rather, its positioning seems to be eroding in a fast-growing market.Watson increasingly looks like a disappointment. Cloud & Cognitive Software, on the whole, grew constant-currency revenue just 2% in the quarter. However, according to a statement by IBM Watson Health spokesperson John Roderick, the company is not discontinuing its efforts here. Instead, IBM will continue to focus its efforts on existing Watson for Drug Discovery customers:"IBM is not discontinuing its Watson for Drug Discovery offering, and remains committed to its continued success for clients currently using the technology," Roderick told InvestorPlace. "IBM is focusing its resources within Watson Health to double down on the adjacent field of clinical development where the company sees an even greater market need for its data and AI capabilities."Indeed, IBM is growing in seemingly hot areas like cloud and AI. That said, it's declining elsewhere and not growing fast enough where it should be. It certainly is not keeping pace in stronger end markets. As those markets slow and we've already seen cloud worries hit chip stocks like Nvidia (NASDAQ:NVDA) and Intel (NASDAQ:INTC) - IBM's growth will slow, too. What does the story here look like then? How to Play IBM StockThat said, IBM still is cheap, and I'm not sure the case is terribly different from what it was a year ago. There's still hope; there are still valuable businesses in-house, and the acquisition of Red Hat (NYSE:RHT) should help revenue and profit growth (though interest expense will limit the initial bottom-line contribution).For now, there's enough to see International Business Machines stock muddling through and maybe even to see the dividend as attractive. It's worth noting that other low-growth/turnaround tech plays, Oracle (NYSE:ORCL) and Cisco Systems (NASDAQ:CSCO) being the two best examples, have soared of late. Those companies have shown a bit more promise, but they also highlight the potential upside here if IBM can change the narrative.The catch remains, however. For real upside in its shares, IBM has to change the narrative and Q1 wasn't enough to do that. Taking the longer view, it's difficult to ignore recent history, and unwise to buy IBM stock simply because it's cheap. It's been cheap for a while, and that's done little for IBM shareholders.Selling puts (or covered calls) can hedge exposure, and lower the effective price here; that maybe makes IBM more attractive. At a certain point, IBM simply has to drive growth one way or another. Investors have been waiting a long time for that to happen and after Q1, they're still waiting.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Stocks With Too Much Risk, Not Enough Upside * 7 Companies That Are Closing the CEO-Worker Wage Gap * 7 Video Game ETFs That Will Make You a Winner Compare Brokers The post IBM Stock Keeps Moving Sideways With No End in Sight appeared first on InvestorPlace.
Apple recently signed a new contract with Amazon, committing to spend at least $1.5 billion on cloud computing over the next five years, according to the report.
REDMOND, Wash., April 23, 2019 /PRNewswire/ -- On Tuesday, executives from Johnson Controls, Microsoft Corp. and the Middle East's sustainability pioneer, Bee'ah, announced an agreement to enhance Bee'ah's new headquarters in Sharjah, United Arab Emirates, with a sweeping array of artificial intelligence (AI) and smart building solutions powered by Microsoft.
Microsoft (MSFT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Microsoft workers are adding support to Chinese tech workers protesting a ‘grueling’ work culture. Since March, the "996.icu" project has been posted on the GitHub site which is owned by Microsoft. Now, staff from Microsoft, Google and others are posting their own voices of support.
Tech companies are about to hit competition they can’t shake: Their slightly younger selves. Get ready for the phrase “tough compare” to be muttered by dozens of executives and analysts as earnings season hits high gear this week, because growth was so strong in 2018 that 2019 is bound to look bad by comparison. The first quarter for tech is often slower after the holiday rush, but not last year, when semiconductor companies flourished selling suddenly scarce memory and crypto-mining chips and profit was easy to find even in the famously profit-averse internet sector amid the tax-cut windfall.