New Microsoft CEO Removes Overhang; Michael Kors Shines
NEW YORK (TheStreet) -The market on Tuesday turned up, and I focus on two key news items of today. Microsoft's (MSFT - Get Report) 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 (FB - Get Report) 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 (KORS - Get Report) and Under Armour (UA - Get Report) have shown that in retail, execution can win out versus a sluggish macro and a polar vortex.
--Written by Nicole Urken in New York.
>Contact by Email.