Nasdaq Futures climbed nearly 1% on Thursday as an upbeat forecast from Meta Platforms lifted social media stocks, while investors digested big-ticket earnings ahead of key economic data.
Technology stocks have regained their mojo in 2023 amid cooling inflation and there are indications that the Federal Reserve could be looking to pause its increases in interest rates.
U.S. stock index futures rose on Thursday as an upbeat forecast from Meta Platforms lifted social media stocks, with investors looking forward to big-ticket earnings and key economic data.
For Immediate ReleaseChicago, IL – April 27, 2023 – Zacks Director of Research Sheraz Mian says, "Importantly, the tone and substance of management commentary continue to be favorable enough, helping keep negative estimate revisions in check."
The boss of Britain's antitrust regulator said blocking Microsoft's acquisition of 'Call of Duty' maker Activision Blizzard was the right decision for the UK after both companies said it sent the wrong message to the global tech industry.
The chief executive of the CMA, Britain's anti-trust regulator, said the decision to block Microsoft's acquisition of 'Call of Duty' maker Activision Blizzard on Wednesday was the right one for the UK.
Fintel reports that on April 26, 2023, B of A Securities maintained coverage of Microsoft (NASDAQ:MSFT) with a Buy recommendation. Analyst Price Forecast Suggests 3.90% Upside
Fintel reports that on April 26, 2023, Deutsche Bank maintained coverage of Microsoft (NASDAQ:MSFT) with a Buy recommendation. Analyst Price Forecast Suggests 3.90% Upside
Fintel reports that on April 26, 2023, TD Cowen maintained coverage of Microsoft (NASDAQ:MSFT) with a Outperform recommendation. Analyst Price Forecast Suggests 3.90% Upside
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Both Microsoft MSFT and Alphabet GOOGL posted positive earnings reports Tuesday, beating analysts’ estimates. Admittedly, analysts had rather tepid expectations for the tech giants as GOOGL beat with just 3% YoY growth in sales, and MSFT with 7% YoY sales growth, its firs
The top-tier Asian economic data cupboard on Thursday is bare,
meaning regional markets will probably feed off U.S. earnings,
banking sector woes, debt ceiling developments and geopolitical
events for direction.
The tech-heavy Nasdaq closed slightly higher on Wednesday after strong Microsoft Corp results boosted technology shares, but the S&P 500 and the Dow fell on lingering concerns about a weakening U.S. economy and the banking sector.
Microsoft's (NASDAQ: MSFT) cloud market continues to show massive opportunity for this tech giant, but is that all investors should be excited about? Check out the short video to learn more, consider subscribing, and click the special offer link below.
U.S. stocks wavered to a mixed close on Wednesday as tech strength boosted the Nasdaq, while weak economic data and ongoing wrangling in Washington over the debt ceiling weighed on cyclicals and the dollar.
The mergers and acquisitions field is an exciting one, but it's also fraught with uncertainty and risk. Investors always have to be aware of the risk that a promising deal might not go through. And until the two parties close, there's always a chance that something might arise th
Activision Blizzard (NASDAQ: ATVI) faces a new hurdle now that Microsoft's (NASDAQ: MSFT) buyout is in question as British regulators look to block the deal. In this video, Travis Hoium covers why it's Activision Blizzard that may be the big loser if there's no deal.
The tech-heavy Nasdaq outperformed Wall Street's other major indexes on Wednesday after strong Microsoft Corp results boosted the technology sector but gains pared as the session wore on due to lingering concerns about a weakening U.S. economy and the banking sector.
Going into Microsoft's (NASDAQ: MSFT) fiscal third-quarter earnings report, investors were concerned that the weakness in consumer spending would pressure demand for Microsoft's cloud services, which had been a strength for the software giant over the last year.