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Here's the best research calls from top Wall Street firms Monday.
*Microsoft jumps on news it's not pursuing Salesforce. May 8- U.S. stock indexes ended more than 1 percent higher on Friday after strong jobs data indicated U.S. economic growth was picking up momentum, but not enough to raise concerns about an earlier-than-expected interest-rate rise by the Federal Reserve. Couldn't have been better, "said Jack Ablin, chief...
U.S. stocks closed higher as investors cheered a jobs report that showed economic growth but not enough for most to see immediate Fed tightening.
*Microsoft jumps on news it's not pursuing Salesforce. May 8- U.S. stock indexes jumped more than 1 percent on Friday as strong jobs data indicated the U.S. economic growth was picking up momentum, but not enough to raise concerns about an earlier-than-expected interest-rate rise by the Federal Reserve. "Right now, the market's been pricing for December and the...
*Microsoft jumps on news it's not pursuing Salesforce. May 8- Wall Street soared in early afternoon trading on Friday after strong jobs data for April indicated a pickup in the economy, which could prompt the Federal Reserve to raise interest rates only towards the end of the year. "Right now the market's been pricing for December and the Fed's been pushing more of a...
Kara Swisher, Re/code, discusses bid considerations for Salesforce and Yelp, and if Apple Watch is a concern for Fitbit. Also Swisher shares her thoughts on the death of Dave Goldberg.
*Unemployment rate falls to lowest since May 2008. *Microsoft jumps on news it's not pursuing Salesforce. The unemployment rate dropped from 5.5 percent to 5.4 percent, its lowest level since May 2008, despite an increase in the number of people entering the labor market.
U.S. stock index futures indicated a higher open on Friday as investors digested the April jobs report.
*Unemployment rate falls to lowest since May 2008. May 8- Wall Street futures extended their gains on Friday after data showed U.S. job growth rebounded last month and the unemployment rate dropped, signs of a pick-up in the economy that could keep the Federal Reserve on track to hike interest rates this year. "This is more evidence that the economy is expanding...
Some of the names on the move ahead of the open.
Microsoft is not weighing an offer for Salesforce.com, dampening speculation that it could be drawn into bidding for the cloud software company.
*However, most of Wall Street's top banks see the Fed holding off until at least September before raising interest rates, based on Reuters' most recent poll. *Wall Street closed higher on Thursday as tech stocks rebounded and a global bond sell-off eased as oil prices fell more than 3 percent. *JD.com shares rose 2.9 percent to $34.05 in premarket trading as China's...
Online payments start-up Stripe has soared to a $3.5 billion valuation by signing on big U.S. customers. Now the company is looking overseas.
Google is a great tech investment from now until year-end, according to portfolio manager Lew Piantedosi at Eaton Vance.
U.S. stocks closed lower, reversing a positive open, as investors weighed higher yields and energy prices ahead of Friday's important jobs report.
Such an acquisition of Salesforce could turn out to be a terrible decision given its size and the record of such acquisitions, Roger McNamee said.
Roger McNamee, Elevation Partners co-founder, does not think Microsoft should buy Salesforce.
As execs at Salesforce consider whether or not to sell, one firm in particular is the most likely buyer, said a person familiar with their thinking.
U.S. stock futures pointed to a firm open, following the previous day's sharp falls and amid key data releases as yields held near recent highs.
Despite reports that Microsoft is interested in buying Salesforce.com, Oracle is still the most likely buyer, analysts said Wednesday.