Tag Archives: msft

After Hours Most Active for May 17, 2016 : TWC, DLR, FCX, QQQ, BAC, AAPL, MSFT, KMI, GE, CHTR, INTC, CSCO

The NASDAQ 100 After Hours Indicator is down .45 to 4,322.11. The total After hours volume is currently 43,935,407 shares traded. The following are the most active stocks for the after hours session Time Warner Cable Inc ( TWC

Will Apple Rival Xiaomi Make Splash At Google I/O?

Xiaomi, Apple ’s ( AAPL ) rival in China, might make a splash at Alphabet ’s ( GOOGL ) Google I/O developer conference, which runs Wednesday through Friday. Xiaomi was the top smartphone seller in China in Q4, followed closely by China’s Huawei, with Apple down at No. 3. Hugo Barra, vice president for global at Xiaomi, joined the company in 2013 after leaving Google, where he had worked on mobile products and the Android mobile operating system. Google is expected to disclose more details for Android N, the next major update of the mobile OS, due for release this year. On Twitter, Barra teased that he’s “thrilled to share that Xiaomi will be a part of Google I/O.” There’s also growing speculation Google might provide some details on “Project Chirp,” its answer to Amazon.com ’s ( AMZN ) Echo home electronics hub. Smart-thermostat maker Nest Labs, acquired by Google in 2014, seems to be struggling, and Google’s “Other Bets” are not expected to have a big profile at the developer conference. Any new products and technologies coming to Google I/O will likely be unveiled by Google CEO Sundar Pichai in his keynote address , scheduled for 10 a.m. PT Wednesday. In a recent letter to Google shareholders, Pichai touted plans for artificial intelligence. While Apple and Google have dominated in the world of mobile apps, there could be more competition down the road. Facebook ( FB ) recently introduced “chatbots,” while Microsoft ( MSFT ) launched its “Bot Framework” software tools for developers. Both rely on AI. Some observers expect chat bots to be a topic in Pichai’s keynote. Alphabet stock was down a fraction in afternoon trading in the stock market today . Shares broke out of a cup-with-handle base on April 16 at a 777.41 buy point, but Alphabet’s Q1 earnings report on April 21 disappointed, sending shares falling more than 5%.

Microsoft Stock Rated Hold, Seen Near Full Value In Choppy Market

Investment bank Canaccord Genuity initiated coverage of Microsoft ( MSFT ) on Monday with a hold rating, saying the short-term risk-reward looks balanced for the software giant. Canaccord analyst Richard Davis set a price target of 55 on Microsoft stock. Shares rose 1.5%, to 51.83, on the stock market today . Microsoft stock hit a record high of 56.85 on Dec. 29. Microsoft has “attractive long-term prospects,” Davis said in a research report. “We believe Microsoft will continue to make a significant transformation into a much better firm. “We are quite optimistic that most of Microsoft’s growth initiatives will succeed, thereby propelling the stock ahead faster than the overall market.” In the best-case scenario, Microsoft’s renaissance could be similar to IBM ’s ( IBM ) in the 1990s or perhaps even Apple ’s ( AAPL ) in the 2000s, he said. Microsoft is moving from licensing desktop and server software to providing cloud computing services. Davis said he is optimistic about the direction Microsoft is headed, but said he’s cautious because of the choppy market of late. After dropping coverage of Microsoft more than a decade ago, Davis said he wrestled for the appropriate rating in resuming coverage. “We were ready to put a buy on MSFT,” Davis said. “Instead, we took pause after last month’s adequate quarter and slightly disappointing guide. Product and business model transitions are never as linear as analysts project and investors hope, so last quarter could be just a wiggle in fundamentals.” Microsoft stock could go sideways for the next one to three quarters, he said. RELATED: Microsoft Stock Plummets On March-Quarter Miss, Weak Guidance Windows 10 Adoption Slows As PC Users Resist Upgrade Push