But a buy here and now does microsoft hold the key to new market high sns guy what do you say. First of all, you have to you know, we criticize dan on twitter. Really. He is criticized. Dan. Why. Why is he criticized on twitter. For being do youwers. But cant coined maga we can fire the graphic at the top of the show. Dan does know a lot. The maga trade. Yes. And look at the m. In maga as we know is microsoft so. Some hat. On straight valuation price to earnings its expensive look at the last quarter i mean, eps beat was significant. The revenue beat was amazing azure grew 64 year over year. Operating margins 230 basis points better year over year its hard to cast aspersions yes trading yall alltime high. People make a big deal of the 40 billion. I want 4 of the market cap, not insignificant. Answering the original question it can rally into earnings mr. Maga. What is a i. You from a trading standpoint, the stock broke out in early june about 130 basically trading between 130 and 140 s
Investment in that is a good thing. Gemalto shares soar wild ride for siteinhoff shareholders, as the ecb held on to the companys debt despite the accounting scandal. President trumps tax plan faces criticism at home and abroad as a poll Shows Nearly Half of americans oppose the bill, and finance ministers tell the white house that reforms threaten International Agreements good morning its tuesday, december 12th. Lets see how things are opening up one hour into the trading session. Overnight asian indices drifted slightly lower nikkei down 0. 3 the picture is murky for europe. The stoxx 600 is opening up opened up stronger, but swiftly eradicated those gains and is looking down on the day, down 1. 5 lets switch to the indices and look at how individual country indices are doing. The outperformer is the ftse 100. We do have the uk inflation data coming up in about a half hour and the bank of england meeting coming up on thursday. Clues on whether or not the Brexit Development also s wil
Was slowing down old devices what theyre doing to win back favor and what it means for the stock. First, stocks rallying to kick off the new year. The nasdaq and s p 500 both closing at record highs with nasdaq closing above 7k for the first time ever. It does feel a bit like 2017, when tech crushed the competition, soaring 37 what do you do in this new year . Do you stick with what was working, namely technology, guy . I think you do, mel, and happy new year i think you do stay the course people want to play the laggards, but stay with what works and what has worked. Dan nathan has been on this. Intel, big move to the upside, valuation is reasonable. Micron had that huge move from basically the low 30s up to 50, retraced back to 40, had a decent day today valuation of micron makes sense, dram pricing is still heavy. Texas instruments, great story, theyre in great places, but now 24 times forward earnings, i think its gotten expensive. Technology works, just be aware of what youre buyi
Power lunch starts right now welcome to power lunch. Im michelle carusocabrera. As you can see, negative territory by more than 100 points nasdaq is still in positive territory by higher than 3. 5 points melissa mentioned ge and boeing. You can see ge by off by 2 and boeing off by 2. 5 bitcoin, though, is bouncing back following a few wild days you can see its higher by nearly 6 along with other movers alcoa is down 8 on its earnings you can see it is off by 5 bucks. Brian . Thanks, michelle. Heres what else is happening the race for Amazon Headquarters and the money behind it is heating up there are a number of surprises. Did your city make the cut well have that list ahead speaking of heating up, according to the United Nations last year was one of the warmest records on planet. Some things are cooling off. Dropping sharply especially in the northeast. Melissa . We begin with todays market drop the dow is down triple digits. Bob pisani is watching all of the markets. Hi, bob. Theres
India attracts $638 million in crypto, blockchain investments in 2021 : Rashtra News #India #attracts #million #crypto #blockchain #investments New Delhi: Despite the uncertainty around virtual currencies in India, the country attracted crypto funding and blockchain investments worth $638 million across 48 funding rounds in 2021, according to data shared with ET by industry tracker