On Monday, the markets roared higher at the open, led by the tech sector. Microsoft will pay $7.5 billion in stock for software development platform GitHub.
Apple's (AAPL - Get Report) annual Worldwide Developer Conference began today with a keynote by CEO Tim Cook. The company announced iOS 12, an update to its operating system, plus augmented-reality capabilities for iOS 12, and new features for Siri.
The market's rise was boosted by Friday's strong jobs data as unemployment hit an 18 year low at 3.8%.
Yet the trade war between the U.S. and China will remain in the forefront this week, ahead of Friday's meeting of G-7 leaders in Quebec City.
Jim Cramer: Rome's Political 'Crisis' Was Just an Italian Job
TheStreet's Jim Cramer writes, "Well, one week later, Italian bond yields are back to exactly where they were before the political crisis began. The Italians conducted what was by all measures a very successful bond auction -- don't ask me who's dumb enough to hold them, but you sure could flip 'em, right? And there's a new firebrand prime minister -- Giuseppe Conti -- a University of Florence Law School faculty member who studied at such houses of tumult and rebellion as Yale Law School and Duquesne University. He also spent some time at the radical hotbeds of Cambridge and the Sorbonne."
"I think it's fair to ask (since no one else will)," Cramer continues, "What happened here? How did we all become so gripped by Italy that our markets had one of their more vicious declines since President Trump's election?"
Microsoft's $7.5 Billion GitHub Deal Could Be Followed By Additional Moves
"Microsoft (MSFT - Get Report) is hungry to grow its cloud exposure and to make inroads with non-Windows developers. In the wake of tax reform it has a giant war chest to go acquisition-hunting with," says Real Money columnist Eric Jhonsa.
"That gives reasons to think the software giant's $7.5 billion deal to buy GitHub could be followed by one or more additional moves to strengthen its competitive footing relative to Amazon (AMZN - Get Report) Web Services (AWS), Alphabet's (GOOGL - Get Report) Google Cloud Platform (GCP) and/or others" adds Jhonsa.
Two Restaurant Stocks on the Acquisition Menu
"...recent publicly traded restaurant names that have been acquired include Buffalo Wild Wings, Bob Evans, Ruby Tuesday, and Fogo de Chao. The space remains," according to Real Money columnist Jonathan Heller, "... ripe for further consolidation, and more acquisitions."
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