Microsoft earnings: Turning AI-backed cloud computing into more cash
Microsoft Corp. hit a $600 billion valuation in October for the first time since 2000, and crossed the $700 billion market cap threshold in January, as investors continued to bank growth off the massive, global shift to cloud computing. Now, Microsoft will have to prove its cloud growth is worth that much.
Ahead of the Redmond, Washington-based company’s fiscal second-quarter earnings Jan. 31, investors should expect cloud to continue to drive its top line. Microsoft MSFT, -1.26% gained the most market share for the year among the top 60 vendors […]
Microsoft Q2 Earnings: Azure, Office 365, Windows 10 in Focus
Microsoft Corp.’s (MSF) cloud computing service — Azure — has been the major catalyst in recent times. We note that strong Office 365 and Windows 10 adoption are other growth drivers.
The company is set to report second-quarter 2018 results on Jan 31.
Is Bitcoin’s Reign as King of Cryptocurrency in Danger?
Regardless of where your allegiances lie in the crypto community, homage should be paid to the original Blockchain solution – Bitcoin. However, it has been 10 long years now since Bitcoin came into being (an eternity in the cryptocurrency space) and things are starting to get away from the King.
Bitcoin’s path was forever changed in August 2017 when a new challenger stepped up to the plate amid the rapidly escalating scaling debate.
Bitcoin Cash appeared with its backers claiming it to be the one true ruler. Not long after this came Segwit 2x’s failure to launch, which essentially confirmed Bitcoin’s status as digital gold.
As a digital gold, it may have no rivals, but in the world of cryptocurrency it may have played its last move.
Today's Trade of the Day | 1-31-18
STX Seagate showing solid relative strength after earnings. This is a simple but very effective trading scan. If the market gets hit with selling -- which stocks stayed strong? Combine this with 2 weeks of bullish momentum we have a nice trade to game plan today. Setting a $55.50 buy stop for a new long. Profit target for the new swing trade comes in at$61.25. Stop loss if the stock price closes below $54.
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S&P 500 Heatmap
Stocks to Trade | Wednesday Edition 1-31-18
Bullish Momentum: CAH, NKTR, SQ, AMZN
Bearish Momentum: dvnt, vmw, sig, mcd
Bullish Order Flow: NFLX, STX, SQ, NVDA, AMZN, KSS, GILD, CAH, ABBV, TGT, HCA, BA, LOW, PYPL, ATVI, DG, LVS, ADBE, BBY, MA, CRM , AMGN, WMT, V, MAR, UTX, HD, DLTR, HON
Bearish Order Flow: alk, lite, avgo, sre
Double Normal Volume: WYNN, ESRX, ABBV, UNH, HOG, MCD, VMW, CAT, EA, MXIM, LVS, HCA, DVNT, PCAR
Inside Days: vz, mgm, gild, cat, ea, lvs, jnpr, tsla, khc, cf
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