The market on Tuesday turned up, and in my quick video, I focus on two key news items of today. Microsoft's announcement of Satya Nadella, who is currently the executive vice president of Cloud and Enterprise, marks a safe choice for the company but does highlight the company's focus of cloud and of enterprise versus consumer. The company has missed many opportunities in social, mobile and cloud, just as Facebook celebrates its ten year anniversary today. Retailer Michael Kors is surging after posting sales up 50% with European comps of 73% a real standout. Michael Kors and Under Armour have shown that in retail, execution can win out versus a sluggish macro and a polar vortex.
The market on Tuesday turned up, and Senior Stock Analyst Nicole Urken focuses on two key news items of today: Microsoft's new CEO and Michael Kors earnings.
A volatile week on Wall Street provides some opportunities. Check out my video here.
Wrapping up a volatile week on Wall Street, investors saw big swings in Chipotle, Under Amour, Facebook, Amazon and Google.
While Alibaba may be more of a focus for Yahoo than the core business, there is no question that the underlying trends are not strong. Meanwhile, Google and Facebook remain favorites and are buyable for the long-term.
Emerging market question marks remain front & center. And while countries like Argentina and Turkey are dominating headlines, front & center is none other than China, with worries of slowing economic growth, with the factory sector contracting in January for the first time in six months. The emerging market question marks seem to be issue number one for the market right now, particularly as taper has been expected and is gradual.So, when thinking about China: When panic sets in, we turn to company-specific data. Ultimately, broader economic read concerns will dominate headlines, but let's turn back to some positive data we have gotten from individual companies, as there has been a good deal of positive news flow:
Take a quick look at my video, rounding up market movers this morning
U.S. markets set to open in the green and Caterpillar shares move higher on an earnings beat.
The divergence between McDonald's and Starbuck's at these levels couldnt be greater
When you look at Netflix's current price of $389, an all-time high for the company, and compare it with the high $40 price range back in 2009, there's no question that this one has been a clear winner.But that simple comparison ignores the many ups and downs the stock has taken... and it is the ups and downs that provide a good lesson for opportunities when it comes to momentum stocks...