|Bid||167.67 x 1000|
|Ask||167.71 x 1400|
|Day's range||166.50 - 167.96|
|52-week range||102.17 - 167.96|
|Beta (5Y monthly)||1.23|
|PE ratio (TTM)||31.61|
|Forward dividend & yield||2.04 (1.22%)|
|Ex-dividend date||17 Feb 2020|
|1y target est||N/A|
SAP's new co-CEO Christian Klein chats with Yahoo Finance at the 2020 World Economic Forum about the company's biggest priorities.
Intel (INTC) Q4 results are expected to have benefited from improvement in the DCG, IOTG and NSG segments. However, decline in CCG is likely to have been a headwind.
(Bloomberg) -- Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.Microsoft Corp’s chief executive officer said he worries that mistrust between the U.S. and China will increase technology costs and hurt economic growth at a critical time.Using the $470 billion semiconductor industry as an example of a sector that is already globally interconnected, Satya Nadella said the two countries will have to find ways to work together, rather than creating different supply chains for each country.“All you are doing is increasing transaction costs for everybody if you completely separate,” Nadella said in an interview with Bloomberg News Editor-in-Chief John Micklethwait at Bloomberg’s The Year Ahead conference in Davos. That’s a concern as the executive said the world is on the cusp of a revolution around technology and artificial intelligence.“If we take steps back in trust or increase transaction costs around technology, all we are doing is sacrificing global economic growth,” he said.The Trump administration is considering steps to further limit the ability of U.S. companies to supply Huawei Technologies Co., China’s flagship tech company, in addition to pressuring countries around the world to avoid using its equipment for 5G mobile networks.The agreement signed last week between the U.S. and China was “not sufficient,” said Nadella, but represented “progress” on the issue of intellectual property protections for U.S. technology companies working with China.To enable different countries to use technology from outside their borders, Nadella suggested a system that relies on verification. For example, Microsoft has set up technology centers where various governments can inspect the Windows source code to satisfy themselves as to the security of the product.“There has to be a way for any country to be able to trust, through verification, the technology that they are using as part of a their infrastructure,” he said. “Mechanisms like that have to be in place, and then build trade on top of it instead of thinking of trade and trust as the same thing.”Two InternetsNadella said he worries about the development of two separate internets, noting that to some degree they already exist “and they will get amplified in the future” with massive technology companies already in place in China.The viewpoint clashes with Microsoft co-founder Bill Gates, who has been skeptical about the idea that ongoing U.S.-China trade tensions could ever lead to a bifurcated system of two internets.China and the U.S. are the two leading AI superpowers, however the cooling political relations between them have slowed the international collaboration.Nadella also warned that countries that fail to attract immigrants will lose out as the global tech industry continues to grow. The CEO has previously voiced concern about India’s Citizenship Amendment Act, which bans undocumented Muslim migrants from neighboring countries from seeking citizenship in India while allowing immigrants from other religions to do so, calling it “sad.”“Every country is rethinking what is in their national interest,” he said. Governments need to “maintain that modicum of enlightenment and not think about it very narrowly,” Nadella said, adding that “people will only come when people know you’re an immigrant friendly country.“However, Nadella said he remained hopeful. “I’m an India optimist,” he said. “The fact that there is a 70-year history of nation building, I think it’s a very strong foundation. I grew up in that country. I’m proud of that heritage. I’m influenced by that experience.”Carbon IssuesMicrosoft has recently unveiled plans to invest $1 billion to back companies and organizations working on technologies to remove or reduce carbon from the atmosphere, saying efforts to merely emit less carbon aren’t enough to prevent catastrophic climate change.“We will now have to make sure all our data center operations are first consuming renewable energy,” Nadella said.Microsoft and Amazon.com Inc., along with other technology companies, have been criticized for supplying software and cloud services to large oil and gas companies like Chevron Corp. and BP Plc. BlackRock Inc.’s Larry Fink has been trailed to work and public engagements by protesters decrying the investment firm for inaction on global warming and other issues.Activists have been pushing for companies to stop working with the largest produces of greenhouse gases. BlackRock has said will cut exposure to thermal coal as the world’s largest asset manager moves to address climate change.Nadella declined to comment on whether Microsoft would stop working with the major carbon producers. “The energy transition is going to include all of us,” he said.(Updates with comment on trade and trust in seventh paragraph)To contact the reporters on this story: Dina Bass in Seattle at email@example.com;Amy Thomson in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Giles Turner at email@example.com, Molly SchuetzFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Enterprises are focusing on enhancing workspace communication to boost productivity, which puts Microsoft and Slack under the spotlight.
(Bloomberg) -- Sign up for Next China, a weekly email on where the nation stands now and where it's going next.Huawei Technologies Co. founder Ren Zhengfei shrugged off the threat the U.S. will impose even stricter sanctions against his company, saying he was confident China’s largest tech company can survive further attacks from Washington.Tighter restrictions on the sale of American technology to the telecommunications giant -- something the White House is considering -- will not have very significant impact on Huawei, the billionaire chief executive said during a panel discussion at the World Economic Forum in Davos.“This year, the U.S. might further escalate its campaign against Huawei but I feel the impact on Huawei’s business would not be very significant,” he said in response to a question about U.S. curbs. “We’re confident we can survive further attacks.”Huawei has risen to global prominence as the No. 2 smartphone maker and a leader in the fifth-generation wireless technology that will underpin future advances from autonomous cars to robotics. It’s also become a major target for the U.S. as China’s technological prowess grew along with its ambitions, encapsulating growing tensions between the world’s two largest economies.Read more: Trump’s Blacklisting of Huawei Is Failing to Halt Its Growth (1)The Trump administration has pushed allies to ban Huawei equipment from their networks on worries about spying, and blacklisted Huawei along with a clutch of Chinese technology companies in fields from artificial intelligence to surveillance.Ren initially estimated the May 2019 blacklisting in particular could wipe $30 billion off annual revenue and threaten his company’s very survival, though he tempered that outlook in the ensuing months. Huawei mobilized a massive effort to develop in-house alternatives to American software and circuitry, while U.S. suppliers like Intel Corp. and Microsoft Corp. found ways to continue supplying Huawei vital components it needed to make its products.“The U.S. should not be concerned about Huawei and our position in the world,” Ren, looking at ease in a blazer and open shirt, told the panel.Read more: Huawei Engineers Go to 24-Hour Days to Beat Trump BlacklistTo contact Bloomberg News staff for this story: Gao Yuan in Beijing at firstname.lastname@example.org;Edwin Chan in Hong Kong at email@example.comTo contact the editors responsible for this story: Peter Elstrom at firstname.lastname@example.org, Colum MurphyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- MassMutual Ventures, the corporate venture capital arm of Massachusetts Mutual Life Insurance Co., has launched a $100 million second fund to invest in digital health-care, fintech and enterprise software startups in Southeast Asia.It brings MassMutual Ventures’ capital under management to $350 million, including $150 million spread between the two Southeast Asian funds. The Boston-based company has backed almost 40 companies in North America, Europe, Israel and Southeast Asia.“This additional capital will allow us to invest in more startups in the region that have the ability to generate positive returns,” Doug Russell, head of MassMutual Ventures, said in a statement.Read more: MassMutual Extends Startup Bet as Haven Life Unit Acquires QuiltMassMutual Ventures Southeast Asia is led by two Singapore-based managing directors, Ryan Collins and Anvesh Ramineni. With the second fund, they plan to invest in an additional 15 to 20 companies and further support existing portfolio firms.Their fund is the latest fund to be launched for the fast-growing region, driving an influx of money as U.S. investors play catch-up with Chinese firms. Vulcan Capital, the investment firm of late Microsoft Corp. co-founder Paul Allen, opened its first international office in Singapore in August, armed with an initial $100 million to sprinkle across Southeast Asian startups.To contact the reporter on this story: Yoolim Lee in Singapore at email@example.comTo contact the editors responsible for this story: Edwin Chan at firstname.lastname@example.org, Colum MurphyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The Zacks Analyst Blog Highlights: Microsoft, American Express, Fidelity National Information Services, Goldman Sachs and Southern
Amazon (AMZN) Twitch witnesses decline in viewer base in fourth-quarter 2019 on account of losing popular streamers to Alphabet, Microsoft and Facebook.
BT , Danone , Microsoft and Sony are among 178 companies with top marks in the latest global ranking of transparency and action on climate change. Japan and the U.S. were the countries with the headquarters of the most 'A List' companies individually, while regionally, Europe as a bloc was home to the highest number. Companies are coming under pressure from customers and investors to step up efforts to help slow climate change in accordance with the 2015 Paris climate agreement to phase out greenhouse gas emissions by shifting away from fossil fuels.
Amid surging health care costs and acrimonious public debate, a new study found that a public-run system would save money over time.
Microsoft has confirmed a security flaw affecting Internet Explorer is currently being used by hackers, but that it has no immediate plans to fix. Microsoft said all supported versions of Windows are affected by the flaw, including Windows 7, which after this week no longer receives security updates. The vulnerability was found in how Internet Explorer handles memory.
Shares of Google parent Alphabet Inc. (GOOGL) have jumped 9% in 2020 to help it ascend into the $1 trillion market cap club. Is it time to buy?
(Bloomberg) -- Major technology and internet companies have long fueled the U.S. stock market’s climb to record levels, but that trend has come with one notable exception: Amazon.com Inc., which has languished in a fairly narrow trading range for months.Amazon shares haven’t notched an all-time high since September 2018, in contrast to mega-cap peers like Apple, Microsoft, Alphabet and Facebook, which have been hitting records on a near-daily basis. Many of these names experienced pronounced draw-downs over the past year and a half, mostly due to disappointing earnings reports or outlooks. But they regained their momentum last year, as their growth assuaged investor caution. Amazon, however, remains about 8.5% below its own peak.Because of its long-term prospects, Amazon is about as close as a stock can be to a consensus choice among Wall Street firms. Over the near term, though, it is “the most hotly debated among investors” as “debates persist on both AWS and next day shipping efforts,” according to UBS analyst Eric Sheridan, referring to its Amazon Web Services cloud-computing business.Since the start of 2019, Amazon shares are up about 24%, below the 32% rise of the S&P 500, as well as the much larger gains seen in other bellwethers. Microsoft and Facebook are both up more than 60% since the start of last year, while Apple has doubled. The rally resulted in trillion-dollar valuations for Apple, Microsoft and Google-parent Alphabet, a milestone that Amazon briefly eclipsed in 2018.The underperformance reflects concerns over Amazon’s earnings trends, even as it has continued to grow revenue at a double-digit clip. Major investments into initiatives like one-day shipping are seen as headwinds, and shares “may be range bound ‘tactically’” given the impact of this spending, Morgan Stanley wrote on Thursday. The firm added that “near-term profitability is likely to still disappoint” because of these investments, even as it sees the effect as temporary and one-day shipping deepening Amazon’s competitive moat within e-commerce.Another key issue is the waning dominance of Amazon Web Services, which has long been a major driver for earnings and margins, but has faced growing competition from rivals like Alphabet and especially Microsoft. According to Bloomberg Intelligence, which cited IDC data, Amazon Web Services was 12 times larger than Microsoft’s cloud business in 2014. By 2018, the most recent year for which data is available, it was just four times larger.James Bach, an analyst at Bloomberg Intelligence, wrote that Amazon was particularly facing “stiffer competition” with government contracts. “Microsoft’s extensive sales experience, installed base within U.S. agencies and broad range of edge-computing products all make a compelling offering,” he wrote. Microsoft is “uniquely positioned to claim market share as federal agencies upgrade and secure IT systems.”In October, Microsoft beat out Amazon for a $10 billion Pentagon cloud contract, a deal Amazon had been seen as the favorite to win. The company subsequently claimed it lost the contract because of political interference by President Donald Trump, and filed a lawsuit challenging its validity.Amazon earlier this week named a new sales chief for AWS. Deutsche Bank wrote that the “magnitude of personnel changes” at AWS, along with rising competition, underscored the “increased risk of further deceleration” at the business.Separately, Morgan Stanley this week wrote that a quarterly survey of chief investment officers suggested some cause for caution about AWS growth. “Quarterly survey results can be volatile, but AWS saw a notable [quarter-over-quarter] drop in net expected budget share gains” over the next three years, analyst Brian Nowak wrote. “It will be important to continue to monitor these metrics going forward as we think about AWS forward growth.”Amazon is expected to report fourth-quarter results later this month. According to data compiled by Bloomberg, Wall Street is looking for revenue growth of nearly 19% and expecting net income to fall by nearly a third. AWS revenue is seen growing more than 30% on a year-over-year basis, according to a Bloomberg MODL estimate.Wall Street remains almost unanimously positive on the stock. According to data compiled by Bloomberg, 53 firms recommend buying the stock, compared with the four with a hold rating. None advocate selling the shares.To contact the reporter on this story: Ryan Vlastelica in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Steven Fromm, Janet FreundFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Is it possible that market breadth is so good that it's bad? Absolutely! It's called being overbought from an internal standpoint -- and sometimes leads to a quick and dirty reset to the downside. But we also can rephrase this. "Is it possible that market breadth is so bad, that it's good?" Certainly! It's called a washout -- and usually is associated with an intermediate- to longer-term bottom. In a bull market, we'll take strong market-breadth statistics over not so strong any day. What's giving us pause is that the largest sector, Technology, is again leading in early 2020 and is about as extended internally as it can get.