JPMorgan Reiterates Overweight on Microsoft (MSFT) Following Proposed GitHub Acquisition

Piper Jaffray Reiterates Overweight on Microsoft (MSFT) Following GitHub Acquisition

Piper Jaffray reiterated an Overweight rating and $115.00 price target on Microsoft (NASDAQ: MSFT) following the company's announced acquisition of GitHub in an all stock $7.5B transaction. Analyst Alex Zukin believes that this deal is extremely strategic for Microsoft in that it positions them... More

Nasdaq ends at record close, S&P edges higher on data

By Sinéad Carew

(Reuters) - The Nasdaq closed at a record high for the second day in a row with help from the technology and consumer discretionary sectors, while the S&P 500 edged higher as investors eyed solid U.S. economic data.

However, bank stocks declined along with U.S. Treasury yields, and investors appeared to favor bonds over defensive equity sectors such as utilities and consumer staples.

The U.S. services sector activity accelerated in May, pointing to robust economic growth in the second quarter, although trade tariffs and a shortage of... More

Goldman Sachs Reiterates Buy as Microsoft (MSFT) Intends to Acquire GitHub

Goldman Sachs reiterated a Buy rating and $117.00 price target on Microsoft (NASDAQ: MSFT) following the company's announcement that it intends to acquire GitHub, a code repository platform that allows 28mn developers to create, learn, and collaborate around code. Microsoft will acquire GitHub for $7.5bn... More

KeyBanc Reiterates Overweight on Microsoft (MSFT) Ahead of E3 Conference

KeyBanc reiterated an Overweight rating and $110.00 price target on Microsoft (NASDAQ: MSFT) ahead of E3 Conference. The Microsoft Gaming segment is on pace to eclipse $10B for the first time some 37 years after it introduced its first video game called Microsoft Adventure in 1981.... More

Apple focuses on speed, parental controls in software upgrades

By Stephen Nellis

SAN JOSE, Calif. (Reuters) - Apple Inc (NASDAQ: AAPL) on Monday unveiled software upgrades that would let older iPhones run faster, help parents limit their children's screen time and make its Siri voice assistant work more like a rival feature from Amazon.com (NASDAQ: AMZN).

Taken together, the moves announced at Apple's annual Worldwide Developers Conference in San Jose amounted to focusing on keeping its base of 1.3 billion users satisfied with their devices and catching up with some competitors. Apple shares closed up 0.8 percent at... More

Atlassian (TEAM): Not Concerned About Microsoft's GitHub Acquisition - William Blair

William Blair analyst Bhavan Suri weighed in on Atlassian (NASDAQ: TEAM) after Microsoft (NASDAQ: MSFT) acquired GitHub for $7.5 billion.

Suri said while the GitHub acquisition is a headwind for Atlassians Bitbucket business over the... More

Microsoft to take on Amazon with $7.5 billion GitHub deal

By Vibhuti Sharma

(Reuters) - Microsoft Corp (NASDAQ: MSFT) said on Monday it would buy privately held coding website GitHub Inc for $7.5 billion in an all-stock deal to beef up its cloud computing business and challenge market leader Amazon.com Inc (NASDAQ: AMZN).

The deal is a big bet on Azure, the company's fast-growing cloud business, as it will be able to lure more code developers who use GitHub and drive more business to Microsoft.

By pulling off its largest acquisition since the $26 billion acquisition of... More

Microsoft (MSFT) to Acquire GitHub for $7.5B

Microsoft Corp. on Monday announced it has reached an agreement to acquire GitHub, the world's leading software development platform where more than 28 million developers learn, share and collaborate to create the future. Together, the two companies will empower developers to achieve more at every stage of the development lifecycle, accelerate enterprise use of GitHub, and bring Microsoft's developer tools and services to new audiences.

"Microsoft is a developer-first company, and by joining forces with GitHub we strengthen our commitment to developer freedom, openness and innovation," said Satya Nadella, CEO, Microsoft. "We recognize the community responsibility we take on... More

Tech rally helps Wall Street push higher, Nasdaq has record close

By Sinéad Carew

NEW YORK (Reuters) - Wall Street's three major indexes rose on Monday, led by a rally in tech stocks, pushing the Nasdaq to a record closing high as investors bet on a continuation of strong economic growth, while falling oil prices weighed on the energy sector.

Apple (NASDAQ: AAPL) shares rose to their highest ever due to investor bets on its annual developers conference and Microsoft (NASDAQ: MSFT) impressed with an acquisition, pushing the S&P 500 technology index to a record high, while... More

U.S. Senate panel to seek answers from Facebook about data access report

By David Shepardson

WASHINGTON (Reuters) - The head of the U.S. Senate Commerce Committee said on Monday he planned to ask Facebook Inc (NASDAQ: FB) about a New York Times report that the social media company allowed Apple Inc (NASDAQ: AAPL) and other device makers to have "deep" access to users' personal data without their consent.

"The Commerce Committee will be sending Facebook a letter seeking additional information" about issues including transparency and privacy risks, Republican Senator John Thune said in a statement.

Options expected to have increasing volume: MSFT LNC CRM DLTR LOXO

Options expected to have increasing volume: MSFT LNC CRM DLTR LOXO

Microsoft (MSFT) Held Talks to Buy Gitbub - Business Insider

Microsoft (NASDAQ: MSFT) Held Talks to Buy Gitbub - Business Insider

Increasing unusual call option volume: VKTK MSFT TWTR BAC

Increasing unusual call option volume: VKTK MSFT TWTR BAC

Tech leads Wall Street's advance after strong jobs data

By April Joyner

(Reuters) - Wall Street stocks rose on Friday after the latest monthly jobs report pointed to strength in the U.S. economy and geopolitical tensions eased.

Technology stocks led the rally, with gains in heavyweight companies such as Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT) and Alphabet (NASDAQ: GOOGL) lifting the S&P 500 tech index to a record high.

Government data showed that in May the U.S. economy added 223,000 nonfarm jobs and average hourly wages increased 0.3... More

Microsoft (MSFT) PT Raised to $120 at Evercore ISI

Evercore ISI raised its price target on Microsoft (NASDAQ: MSFT) to $120.00 (from $118.00) while maintaining a Outperform rating.

Active options: Active options: MSFT DB AMZN NVDA X AMD NFLX GE WFC JD T

Active options: Active options: MSFT DB AMZN NVDA X AMD NFLX GE WFC JD T