Microsoft

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Microsoft earnings: can cloud business sustain revenue boom? – Stock Market News

Posted on January 25, 2021 at 1:40 pm GMT

Microsoft Corporation will be the next of Wall Street’s tech giants to post its latest earnings on Tuesday (after the market close), and after Netflix’s positive surprise, expectations are high that the Redmond-based company will also impress with its Q4 results. Microsoft’s earnings have been going from strength-to-strength since 2017 when the company started to reap the benefits of CEO Satya Nadella’s shift to cloud computing. Investors have demonstrated their satisfaction with this new direction by sending Microsoft shares to [..]

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Microsoft’s earnings: A happy start to the new fiscal year – Stock Market News

Posted on October 23, 2020 at 9:32 am GMT

The tech giant Microsoft is scheduled to report its first quarter, fiscal 2021 year financial results on Tuesday after the market close. Analysts expect another upbeat release as the global need for digital connection, which further widened due to the pandemic, has powered the company’s vision. The consensus recommendation tracked by Refinitiv is to buy the stock, while analysts have also been raising the mean target price for the stock since July, reflecting growing optimism in the market.  The cloud dream is coming true  Back in [..]

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Microsoft earnings set for virus boost but overvalued stock faces downside risks – Stock Market News

Posted on July 22, 2020 at 12:19 pm GMT

US software giant, Microsoft Corporation, will announce its earnings results for the June quarter on Wednesday after the market close. Like most of its tech peers, Microsoft is expected to report year-on-year growth in revenue, bucking the depressing trend of the broader market where top lines have been negatively impacted by the coronavirus. But with the recent equities rally pushing the Company’s stock price well into the overvalued zone, will the earnings guidance impress investors who have become somewhat more [..]

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Daily Market Comment – Dollar edges down ahead of Fed; aussie’s bull run continues

Posted on April 29, 2020 at 8:35 am GMT

Dollar drifts lower in mostly risk-on mood ahead of Fed statement Virus success powers aussie to 7-week high, euro perks up too Oil steadies, stocks move higher in lacklustre trading Dollar pressured amid lockdown easing, eyes Fed meeting The mood of cautious optimism continues to prevail in the markets on Wednesday as several countries have begun or are preparing to ease their lockdown measures. Hopes that shuttered businesses will soon be able to reopen their doors has sparked a relief [..]

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Daily Market Comment – Oil plunges again despite lockdown exits; gold down too

Posted on April 28, 2020 at 8:34 am GMT

Threat of another crash in oil prices after biggest oil ETF dumps holdings in June contracts But markets otherwise enjoying a rare calm as lockdown measures are slowly relaxed Stocks and dollar hold steady but gold and kiwi skid Oil’s woes persist as WTI plunges WTI oil futures are on track for a second day of hefty losses as the commodity remains heavily pressured after the biggest oil exchange-traded fund (ETF) yesterday said it plans to sell all its WTI [..]

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Earnings season: The good, the bad, and the very ugly – Special Report

Posted on April 14, 2020 at 3:50 pm GMT

This earnings season will be pivotal. With so little post-virus economic data so far, the real-time guidance by corporate executives could be invaluable. In a nutshell, while earnings and guidance will probably be gloomy overall, there might be huge contrasts between sectors. Industries like travel and energy will likely be decimated, whereas online retailers and home entertainment companies might have made a killing. All told, while significant downside risks remain for the market overall, some ‘value plays’ are also arising. [..]

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Technical Analysis – Microsoft stock maintains bullish outlook below record high

Posted on February 17, 2020 at 1:49 pm GMT

Microsoft’s stock price is trading not too far from the new record high of 189.50 on Tuesday, having pulled back slightly. But momentum indicators suggest that a possible downside correction may be on the cards. In regard to the technical oscillators, the near-term bias is looking neutral-to-bearish as the RSI is flatlining at the 70 level, while the stochastics are pointing south and the %K and %D lines are negatively aligned. Should the price make another run higher, it’s likely to meet resistance at [..]

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Technical Analysis – Microsoft stock takes a step back; bullish picture intact

Posted on January 28, 2020 at 4:43 pm GMT

Microsoft stock turned down from the fresh all-time high of 168.11 but its pullback seems to have stalled around the inside swing high of 160.60, where buyers have driven the price back up again. The pause in the market is also reflected in the Ichimoku lines – which have flattened – and the conflicting signals from the short-term oscillators. The MACD deep in the positive region has slipped below its red trigger line, while the RSI, ahead of its neutral [..]

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Daily Market Comment – Markets steady as trade and Brexit headlines hit pause; ECB coming up

Posted on October 24, 2019 at 8:27 am GMT

Major pairs move sideways amid lack of fresh developments on the trade and Brexit fronts Speech by US Vice President on China eyed for clues on trade talks Stocks edge up despite mixed earnings ECB to kick off busy seven days for central banks Calm in FX markets but risks lurk Major pairs were trading within their recent ranges on Thursday as markets were offered a rare respite from Brexit and trade war headlines. The pound was marginally lower at [..]

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Microsoft to report another solid quarter; focus on cloud computing – Stock Market News

Posted on October 22, 2019 at 4:39 pm GMT

Microsoft will report its first fiscal quarter earnings result on Wednesday after the market close. The tech behemoth, whose share price has soared by about 36% in the year-to-date, has been benefiting from impressive growth in its cloud computing business. But competition from the likes of Amazon’s Web Services threatens to put the brakes on Microsoft’s fastest growing revenue division. Strong earnings expected for September quarter The Company has been consistently meeting or beating its earnings estimates over the last [..]

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