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Today β€” 18 May 2024Yahoo! Finance: Microsoft News
Yesterday β€” 17 May 2024Yahoo! Finance: Microsoft News

Goldman Sachs, Microsoft Power Dow Industrials to 40000

17 May 2024 at 21:12
The Dow Jones Industrial Average’s ascent to a new milestone exemplifies the strength of the U.S. economy across industries. The Dow closed above 40000 for the first time Friday, a day after eclipsing the mark on an intraday basis. Goldman Sachs Microsoft UnitedHealth Group and Caterpillar were the top contributors to its ascent from 30000.

Microsoft to step up subscription, AI game: Analyst

17 May 2024 at 20:22
Microsoft (MSFT) is ramping up its video game sales strategy as it prepares to release the next installment of Call of Duty on its Game Pass subscription service. TECHnalysis Research President and Chief Analyst Bob O'Donnell joins Market Domination to discuss the move and what it could signal for the tech company's future. "It's an evolution of what Microsoft is doing on their gaming business in general," O'Donnell says of the move. He adds that the Game Pass subscription service has already seen success as subscription models gain popularity. "It's all about getting more subscribers," O'Donnell notes, comparing Game Pass to Netflix in its consistent push to gain and retain subscribers with new offerings. Microsoft's Build conference, a developer-focused event, will be held next week. At this event, O'Donnell expects to hear more about Microsoft's artificial intelligence initiatives and emphasizes the importance of staying a competitor in the market: "This is the year when AI really starts to have an impact. And then, eventually, we start to see even more of a bottom-line financial impact. We've started to see it. I expect we're going to be seeing more of that over the next 12 to 18 months." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl

Bill Gates Liquidated $1.7 Billion Of His Portfolio, Mirroring Buffett's Move To Stockpile Cash

17 May 2024 at 18:03
Bill Gates sold off a sizeable chunk of his portfolio last quarter, which could be seen as another bearish signal for the stock market and a move that mirrors Warren Buffett's recent decisions. Gates has reduced his position by an estimated $1.7 ...

Market drivers, GameStop, China's property push: Catalysts

17 May 2024 at 17:06
Markets (^DJI, ^IXIC, ^GSPC) hope to solidify gains seen during this trading week and close above recent milestones: the Dow Jones Industrial Average is in a back-and-fourth bout to stay above 40,000 as the S&P 500 teeters above the 5,300 mark. BMO Capital Markets Chief Investment Strategist Brian Belski joins Catalysts Anchors Seana Smith and Madison Mills to lay out what circumstances could propel the S&P 500 above 5,600 points. As GameStop (GME) shares tank and meme stock sentiments pull back at the end of this week, Wedbush Equity Research Managing Director Michael Pachter touches on the biggest competition and headwinds for the video game retailer going forward. The Chinese government has a new strategy to revitalize its drooping property and real estate sector. Yahoo Finance's Catalysts also cover other top stocks like Tesla (TSLA), Boeing (BA) as its annual shareholders meeting is underway, Applied Materials' earnings (AMAT), and Netflix's (NFLX) streaming deal with the NFL. This post was written by Luke Carberry Mogan.

Buy Microsoft, Analysts Say. It Has a β€˜Treasure Chest of Gaming Gold.’

17 May 2024 at 16:54
Macquarie analysts boosted their Microsoft price target to $475 from $460 and raised estimates, arguing Microsoft has a β€œtreasure chest” of gaming assets. In October 2023, Microsoft completed its acquisition of video game company Activision Blizzard for $95 per share. The analysts expect the company to use its global distribution scale to expand Game Passβ€”a subscription service that is part of its Xbox franchiseβ€”from its existing user base of 34 million toward the level of Activision Blizzard, which boasts at least 350 million monthly active users.
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