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Noteworthy Thursday Option Activity: MSFT, W, DOCU

5 years 9 months ago
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Microsoft Corporation (Symbol: MSFT), where a total volume of 312,336 contracts has been traded thus far today, a contract volume which is representative of app
BNK Invest

Vanguard S&P 500 ETF Experiences Big Inflow

5 years 9 months ago
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard S&P 500 ETF (Symbol: VOO) where we have detected an approximate $2.7 billion dollar inflow -- that's a 1.5% increase week over week in
BNK Invest

Why CrowdStrike Now Matters More Than Ever

5 years 9 months ago
Earlier this week, the email systems at the U.S. Treasury and Commerce Departments were infiltrated by hackers. According to The New York Times, this was one of the largest and most sophisticated attacks in recent years. CrowdStrike's (NASDAQ: CRWD) cybersecurity platform was bui
The Motley Fool

3 Growth Stocks I'd Buy Right Now

5 years 9 months ago
Stocks are one of the best wealth-building tools available, and with the new year approaching, there's no better time to put some money to work.Whether you are new to stocks or a veteran looking for new investment ideas, here are three tech stocks that I would feel comfortable bu
The Motley Fool

Here's Why Microsoft Is a Juggernaut Investors Should Watch

5 years 9 months ago
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
The Motley Fool

Amazon Loses Out on $10B Cloud Contract to Microsoft; Urges Judge to Overrule – Report

5 years 9 months ago

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.”

Neither the White House nor the Pentagon has offered any comment thus far. (See AMZN stock analysis on TipRanks)

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.

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TipRanks

Why GameStop Was Jumping Higher Today

5 years 9 months ago
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 Motley Fool
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