The coronavirus pandemic has changed the world. But it has also accelerated certain technological trends that investors should be tapped into. Advancements in the cloud and telework are here to stay and there are many growth stocks that are just getting started.ProShares' Executi
Amazon.com has taken to the courts once again in a bid to get a $10 billion Pentagon contract that was awarded to Microsoft invalidated, according to Reuters.
In a redacted court filing from October 23rd that was unsealed yesterday, Amazon (AMZN) reiterated its stance that the awarding of the contract to Microsoft (MSFT) must be overturned because it was granted in bad faith and that President Donald Trump used his influence to manipulate the contract.
Trump has publicly criticized the company and Amazon head, Jeff Bezos in the past. Amazon has called the decision flawed and politically corrupt.
Amazon was a front-runner to win the contract and filed its initial lawsuit in November 2019, after the contract was awarded to Miscrosoft. A judge granted Amazon’s request to temporarily halt the deal from moving forward in February.
The Defense Department stated in a court-ordered re-evaluation in September that Microsoft’s proposal represented the best value for the government. Amazon responded on Tuesday saying that its cloud computing solutions are the lowest priced by tens of millions of dollars.
Microsoft retorted by saying, “career procurement officials at the DoD (Department of Defense) decided that given the superior technical advantages and overall value, we continued to offer the best solution.”
Cowen analyst John Blackledge reiterated his Buy rating 2 days ago and raised his price target from $4,150 to $4,350 (37% upside potential). He named the shares a “Best Idea for 2021.”
Consensus among analysts is a Strong Buy based on 36 Buys and 1 Hold. The average price target of $3,825.60 implies a potential upside of around 21% over the next 12 months.
Amazon.com urged a U.S. judge to toss out the Pentagon's $10 billion JEDI cloud computing contract award after the Defense Department said in September a court-ordered re-evaluation had determined Microsoft Corp's proposal still represented the best value for the government.
Amazon.com urged a U.S. judge to toss out the Pentagon's $10 billion JEDI cloud computing contract award after the Defense Department in September said a court-ordered re-evaluation had determined Microsoft Corp's proposal still represented the best value for the government.
The NASDAQ 100 After Hours Indicator is down -5.18 to 12,590.74. The total After hours volume is currently 79,636,594 shares traded.The following are the most active stocks for the after hours session: First Horizon Corporation (FHN) is unchanged at $12.90, with 9,828,309 shares
What happenedShares of GameStop (NYSE: GME) were jumping 7.5% higher in afternoon trading Tuesday on no news specific to the video game retailer, though the market in general was running higher on COVID-19 vaccine developments.
The abrupt change brought on by the coronavirus pandemic provided a huge opportunity for cyber-attackers, with ransomware becoming the new darling among the hacker community.
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the The Technology Select Sector SPDR Fund, where 6,700,000 units were destroyed, or a 2.2% decrease week over week. Among the largest underly
Hackers never rest, which exposes enterprises to constant cybersecurity threats. But FireEye's (NASDAQ: FEYE) announcement last week was particular. The cybersecurity specialist revealed it was hacked, which doesn't bode well for its activities that consist of protecting customer
Salesforce (NYSE: CRM) agreed to buy the enterprise communications company Slack (NYSE: WORK) for about $27.7 billion at the beginning of December. The cloud services company will pay $26.79 in cash and 0.0776 shares of its own stock for each share of Slack, and it expects the de
Salesforce (NYSE: CRM) agreed to buy the enterprise communications company Slack (NYSE: WORK) for about $27.7 billion at the beginning of December. The cloud services company will pay $26.79 in cash and 0.0776 shares of its own stock for each share of Slack, and it expects the de
Salesforce (NYSE: CRM) recently agreed to purchase workplace collaboration platform Slack (NYSE: WORK) in a $27.7 billion deal, making it the company's largest acquisition yet. While there are certainly arguments to be made that Slack is an excellent complement to Salesforce's pr
Key Takeaways Though iShares Core MSCI Total International ETF (IXUS) has underperformed iShares Core S&P 500 ETF (IVV ) in the last three years, CFRA thinks investors should continue to maintain a diversified equity portfolio. Broadly diversified international ETFs, including IXUS and Vanguard FTSE Developed Markets (VEA), are less concentrated than IVV. Many ETFs focused [...] Read more at ETFtrends.com.
2020 has been a crazy year for the stock market. After getting absolutely crushed in the first quarter, the Dow Jones Industrial Average (DJINDICES: ^DJI) has spent the rest of the year climbing out of a big hole. By mid-December, the Dow was actually up 5% during 2020, and it ha
Tencent (OTC: TCEHY) announced on Sunday that its acquisition of Leyou Technologies was on track to close after receiving approval from each company's shareholders. Leyou is the parent company of Digital Extremes, the Canada-based video game development studio known for Warframe.
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Daily S&P 500 Bear 3X Shares, where 2,700,000 units were destroyed, or a 1.9% decrease week over week.
Barring any unforeseen developments, Joseph Robinette Biden Jr. will soon be sworn in as 46th President of the United States, officially taking the oath on Jan. 20. As investors, it's understandable to take this time to properly position your portfolio in light of the apparent di
CD Projekt's Cyberpunk 2077, the highly anticipated video game which debuted last week, is getting hit by negative user reviews for its console version, sending its shares tumbling and raising concerns over the game's success.
CD Projekt's Cyberpunk 2077, the highly anticipated video game which debuted last week, is getting hit by negative user reviews for its console version, sending its shares tumbling and raising concerns over the game's success.
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