|Day's range||108.90 - 110.10|
Microsoft announced its latest Windows 10 preview build today, and, while that is a pretty routine affair these days, the company also used today's announcement to launch the beta version of a new news consumption experience that anybody on a Windows 10 device can try out today. The Microsoft News Bar aggregates news from the 4,500 publishers in the Microsoft News network and then displays those as a semi-persistent bar on any side of your screen. Windows 10 has long featured the Microsoft News app, which is more of a full-featured news reading experience (though I admit I always forget it even exists).
Microsoft said that video calls on Teams, which competes with apps such as Slack Technologies Inc and Zoom Video Communications Inc , were up 1,000% in the month of March, but did not give an absolute figure. The company said the proportion of meetings and calls that included video more than doubled to 43% from 21% over the month of March. Jared Spataro, corporate vice president for Microsoft 365 at the company, said Microsoft's data showed video use interspersed throughout the workday.
To stay connected amid the coronavirus-induced lockdown, people across the world are relying heavily on the Internet, which brightens up prospects for cloud players.
American and British cybersecurity officials are warning that state-backed hackers and online criminals are taking advantage of the coronavirus outbreak to further their operations, echoing concerns from digital safety experts. A joint advisory published on Wednesday by the U.S. Cybersecurity and Infrastructure Agency and Britain's National Cyber Security Centre said that while the overall volume of malicious activity does not appear to have changed, hackers of all varieties were leveraging anxiety around the disease outbreak to push people into clicking links and downloading attachments. "Bad actors are using these difficult times to exploit and take advantage of the public and business," Bryan Ware, CISA's assistant director for cybersecurity, said in a statement.
(Bloomberg) -- With millions of people around the world stuck in their home offices to help contain the coronavirus outbreak, companies that specialize in remote-working products are becoming a hot spot.For that reason, Direxion is planning to start a new “work-from-home” exchange-traded fund that tracks industries such as cloud technologies, remote communications and cyber security, according to a filing to the Securities and Exchange Commission. The ETF will trade under the ticker WFH.Thematic funds, which seek to capture trends that are easily explained to retail investors, have struggled in a crowded ETF marketplace. However, Direxion’s remote-work offering is likely to resonate with traders given the recent popularity of those companies, according to CFRA Research’s Todd Rosenbluth.“This ETF combines some popular, well-established thematic strategies focused on cloud computing and cyber security with remote learning and document management that are all the more pressing, given Covid-19 concerns are likely to remain,” said Rosenbluth, CFRA’s director of ETF research.Read more: Cloud Computing Seen as Tech Haven Amid Pandemic UncertaintyCloud-computing companies have been a clear beneficiary of the stay-at-home and social distancing measures to help combat the spread of the virus. Shares of Microsoft Corp. soared last week after the company said its cloud services usage spiked by 775%.Still, some analysts aren’t convinced about the positive trend for the industry. While WFH’s narrative is “compelling,” the valuations of the tracked companies likely reflect the market’s enthusiasm for this theme, according to Morningstar Inc.’s Ben Johnson.“This too shall pass and investors have already bid up the shares of a lot of these stocks,” said Johnson, Morningstar’s co-head of passive strategy research.Other issuers have sought to capitalize on the work-from-home boost. The Wedbush ETFMG Global Cloud Technology ETF, which tracks global small and mid-cap companies involved in cloud infrastructure and technology, began trading this week.Unlike the majority of Direxion’s products, WFH won’t use leverage to amplify returns. The new offering is consistent with Direxion’s focus on broadening its thematic offerings to “buy-and-hold” investors, head of ETF product David Mazza wrote in an email. The firm launched three non-leveraged ETFs in February as part of that strategy.“While leveraged ETFs remain part of their lineup, they have expanded beyond the nice and highly tactical short-term oriented products,” Rosenbluth said.(Adds tout. An earlier version of this story corrected Microsoft’s share price.)For 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.
BlackRock and Microsoft Corp. have formed a strategic partnership to host BlackRock’s Aladdin infrastructure on the Microsoft Azure cloud platform, bringing enhanced capabilities to BlackRock and its Aladdin clients, which include many of the world’s most sophisticated institutional investors and wealth managers.
(Bloomberg) -- The coronavirus pandemic has pressured nearly every corner of the global economy, but analysts continue to see sunny days ahead for cloud computing and the ecosystem that surrounds the technology.The sub-sector is seen as a rare bright spot in the current environment, particularly as the outbreak pushes more people to work remotely, contributing to a long-term trend of rising demand. The boost is expected to be broad based, helping software companies, communication firms, and chipmakers that focus on data-center products, which are processors used in cloud computing.“The lasting impact of Covid-19 could actually be a net positive,” wrote Richard Baldry, an analyst at Roth Capital Partners. Cloud-based communication companies “should see increased customer activity, at least once operational bandwidth returns to a somewhat more normal level for prospects.” He listed Five9, Medallia, eGain and LivePerson as names that could see stronger demand and which were trading at valuations he views as attractive.So far this year, the Global X Cloud Computing ETF -- an exchange-traded fund that tracks an index of companies involved in the space -- is down 6.4%. A different ETF, the First Trust Cloud Computing ETF, is down 9.2%. Both have outperformed the S&P 500’s drop of more than 15% over the same period.According to Wedbush, the pandemic has thrown “sales cycles, procurement/IT departments, and budgets into a tornado-like state of chaos,” resulting in unprecedented risks to IT spending. Even in this environment, analyst Daniel Ives wrote, “cloud remains a theme”; he expects $1 trillion to be spent on cloud computing over the coming decade.Ives named Microsoft as “the Rock of Gibraltar cloud stock to own,” but said the trend would also support the cloud-computing businesses of both Amazon and Alphabet.Earlier this week, Bank of America referred to cloud-focused chipmakers as a “shining house in [a] tough neighborhood,” referring to the headwinds facing other areas of the industry. Analyst Vivek Arya expects cloud capex to rise 13% in 2020. While this is down from a prior view of 16% growth -- the lower estimate reflects “the most current Covid-19 headwinds” -- it represents a “robust acceleration” from 2019, when capex grew just 3.5%.The firm listed Broadcom, Nvidia, Advanced Micro Devices, Marvell Technology and Intel among the chipmakers most exposed to this trend. Nvidia has been one of the rare semiconductor gainers this year, and analysts have pointed to its data-center business as a tailwind.For 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: Teladoc Health, Zoom Video Communications, Microsoft and Alphabet
(Bloomberg) -- Microsoft Corp. hired Apple Inc.’s former executive in charge of wireless technologies to work on mixed reality hardware and artificial intelligence technology.The Redmond, Washington-based technology giant appointed Ruben Caballero to a role as a corporate vice president, according to his LinkedIn profile. Caballero is working on hardware such as the HoloLens mixed-reality headset, according to his profile. The move underscores Microsoft’s investment in its growing hardware portfolio. Microsoft confirmed the hire.At Cupertino, California-based Apple, Caballero was a vice president of engineering in charge of developing wireless technology, such as antennas inside of devices like iPhones, iPads and Macs. He also oversaw Apple’s global wireless product testing efforts.Caballero worked at Apple from 2005 until early 2019 when his division’s work on modems -- chips that power cellular connectivity -- was subsumed by Apple’s custom chip division run by Johny Srouji. After leaving Apple, Caballero became an adviser at several Silicon Valley-area startups, including wireless company Keyssa and Humane, a startup run by former Apple employees.For 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 dark web is full of coronavirus related scams, from compromised Zoom teleconferencing accounts, fake vaccines, phishing kits, and more.
Microsoft is still well below a 190.80 buy point. But the RS line is already at new highs. MSFT is working toward its 50-day line and March 31 peak. A move to 164.88 or above would clear both those areas, a nice early entry for this Long Term Leader.