My top 8 things to watch Wednesday, Jan. 25 1. Microsoft shares sink nearly 3% early Wednesday, pressuring the broader market after the Dow Jones Industrial Average , the S & P 500 and the Nasdaq . Microsoft's fiscal second-quarter earnings beat estimates. Revenue missed. Guidance short. CEO Satya Nadella excited about OpenAI's ChatGPT. But CFO Amy Hood plays grim reaper halfway through the call. Maturing tech.
Only thing that matters. Azure cloud sales up 38% year over year in constant currency. Lots of price target cuts by Wall Street analysts, but they largely keep their buy ratings. The Club has MSFT at our 2 rating , meaning we'd like to see more pullback before considering buying more. 2. 3M was bad. I mean terrible on every line item for the quarter. Full-year sales decline of 2% to 6%, worse than estimates at the midpoint.
Boycott Tesla
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Source: CNBC - 🏆 12. / 72 Read more »