Britain's competition regulator on Friday extended its final deadline on Microsoft's $69 billion Activision Blizzard deal to Aug. 29 after its received a "detailed and complex" new proposal from Microsoft that claimed material changes in circumstance.
Britain's competition regulator on Friday extended the date by which it would consider Microsoft's submissions relating to its $69 billion takeover of Activision Blizzard.
A U.S. federal court
rejected the Federal Trade Commission's request that it order
Microsoft to temporarily hold off on closing its $69
billion purchase of "Call of Duty" maker Activision Blizzard, according to a court filing.
What happened
One day after really taking it on the chin from the stock market, cybersecurity companies bounced back convincingly on Thursday. Zscaler (NASDAQ: ZS) and Cloudflare (NYSE: NET) both zoomed to close more than 5% higher, while Palo Alto Networks (NASDAQ: PANW) rose by
Tech stocks were higher late Thursday with the Technology Select Sector SPDR Fund (XLK) rising 1.4% and the Philadelphia Semiconductor index adding 2.1%.
(RTTNews) - In a recent blog post, Microsoft co-founder Bill Gates expressed a more optimistic stance than some of his peers in Silicon Valley regarding the potential risks associated with artificial intelligence or AI. While acknowledging concerns about AI's impact on misinforma
The U.S. Federal Trade Commission (FTC) asked a federal court on Thursday for a stay that would prevent Microsoft from closing its $69 billion purchase of "Call of Duty" maker Activision Blizzard.
The U.S. Federal Trade Commission asked a federal court on Thursday for a stay that would prevent Microsoft from closing its $69 billion purchase of "Call of Duty" maker Activision Blizzard.
After Apple’s AAPL market cap hit the $3 trillion mark on Jun 30, investment world got busy in finding the next joiner in that club. And Wedbush believes Microsoft MSFT is the likely member, as quoted on CNBC.
The U.S. Federal Trade Commission on Thursday asked an appeals court to pause Microsoft Corp’s $69 billion takeover of Activision Blizzard Inc while its challenge to the gaming deal is pending, Bloomberg News reported, without citing a source.
The U.S. Federal Trade Commission has asked an appeals court to pause Microsoft Corp’s $69 billion takeover of Activision Blizzard Inc while its challenge to the gaming deal is pending, Bloomberg News reported on Thursday, without citing a source.
A U.S. appeals court on the West Coast opened a docket on Thursday on the U.S. Federal Trade Commission's effort to overturn its loss trying to stop Microsoft from buying "Call of Duty" maker Activision.
Wall Street rose on Thursday after producer prices data provided further evidence of inflation cooling in the world's largest economy, and stoked hopes that the Federal Reserve will soon end its monetary policy tightening.
Shares in Google parent Alphabet Inc were up 4.9% on Thursday after it said it was rolling out its artificial-intelligence chatbot Bard in Europe and Brazil, easing worries about overseas regulatory issues.
Fintel reports that on July 13, 2023, Oppenheimer maintained coverage of Microsoft (NASDAQ:MSFT) with a Outperform recommendation. Analyst Price Forecast Suggests 3.91% Upside
Teradata TDC recently announced the availability of VantageCloud Lake on Microsoft’s MSFT cloud computing service, Azure, providing customers with access to new markets and capabilities.The integration with Microsoft Azure will en
Investors keen on investing in the technology sector could consider the
Invesco QQQ Trust (
NASDAQ:QQQ)
ETF. This appealing ETF closely tracks the Nasdaq 100 Index (
NDX
) and provides an opportunity for investors to hold stocks from 10 different sectors. Interestingly, based on
technical indicators, QQQ is still a Buy near its current levels.
Technical Analysis in Detail
According to TipRanks’ technical analysis tool, the QQQ ETF stock’s 50-day EMA (exponential moving average) is 349.63, making it a Buy. Further, the moving average convergence divergence (MACD) indicator also signals a Buy.
At the same time, QQQ’s price rate of change (ROC) of 0.35 points to a bullish trend. Also, the QQQ ETF’s Williams %R signals a Buy.
Overall, on the one-day time frame, QQQ stock is a Strong Buy, according to TipRanks’ easy-to-read technical summary signals. This is based on 16 Bullish, six Neutral, and zero Bearish signals.
Latest Update on QQQ ETF
The QQQ ETF’s impressive year-to-date rally of over 41% can be largely attributed to the substantial increase in stock prices of the top seven technology companies. These companies include Microsoft (
MSFT
), Apple (
AAPL
), Nvidia (
NVDA
), Amazon (
AMZN
), Tesla (
TSLA
), Meta (
META
), and Alphabet (
GOOGL
) (
GOOG
). Together, these stocks account for more than 55% of the holdings in the QQQ ETF.
It is important to note that Nasdaq (
NDAQ
) has scheduled a special rebalance of the Nasdaq 100 Index before the market opens on July 24. The purpose of this rebalance is to mitigate the issue of overconcentration in the index by reducing the combined weight of these seven giants. According to the index’s methodology, it is expected that the total weighting of these stocks will decrease by between 6% to 8%.
Furthermore, The Trade Desk (
TTD
) will be added to the Nasdaq 100 prior to the market opening on July 17, 2023. TTD will be replacing Activision Blizzard (
ATVI
), which is set to be acquired by MSFT.
Is QQQ a Good ETF to Invest In?
As per 1,214
top Wall Street analysts providing ratings on the
QQQ’s 102 holdings, the ETF comes in as a Moderate Buy, and the
average QQQ price target of $392.47 implies 5.3% upside potential. It is noteworthy that these top analysts have an impressive history of helping investors generate massive returns from their recommendations.
Moreover, according to TipRanks’ Smart Score System,
QQQ stock has a Smart Score of 8 out of 10, which indicates that it could outperform the broader market over the long term.
Disclosure
Lina Khan, the progressive head of the U.S. Federal Trade Commission (FTC), went before a Republican-led House committee on Thursday where she faced tough questions and intense criticism from Republicans.
In early trading on Thursday, shares of Salesforce topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.4%. Year to date, Salesforce registers a 73.9% gain.
The Nasdaq is where fortunes have long been made and lost and made again, and over the long run, the companies on that tech-heavy exchange have proven to be solid investments, especially for those who have bought and held such titans as Microsoft and Amazon, or index funds that f