Microsoft Soars on Job Cuts

The stock market is down this morning. I’m pleased to see that eBay (EBAY) is up after yesterday’s earnings report. This one was not a favorite of traders. The shares slid from nearly $60 in March to $48 last month. It’s now up to $51.49 per share.

Microsoft ($MSFT) is doing very well today. MSFT has been as high as $45.70. The company just announced 18,000 job cuts. Obviously, these job cuts are unfortunate, but I think they need to streamline their operations. Like any U.S. president who blames the previous administration, Nadella will be able to claim that he’s cleaning up Ballmer’s mess.

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Earnings are due later today from IBM (IBM) and Stryker (SYK). That will be it for this week’s Buy List earnings, but we have seven coming next week.

Posted by on July 17th, 2014 at 10:37 am


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