Mega-cap tech stocks have been leading the U.S. market higher and David Garrity, chief market strategist, Laidlaw Wealth Management, says they’re not over-priced, at least not yet. He says the accelerated growth that companies are enjoying make the sector a defensive portfolio holding. We also dig into the latest results from Microsoft, which Garrity says remains an attractive investment at current levels. 1) Re: Microsoft’s results …whether this is a stock worth buying into
Twitter Axes 70mm Accounts As Fake, 21% Of 336mm Monthly Active Users After the justifiably incessant criticism from liberal democracies around the world, Twitter announced yesterday that it has been moving to eradicate accounts from its platform that are determined to be either automated (i.e. “bots”) or fake in an effort to manage better its content quality and traffic statistics while hopefully minimizing the outright manipulation that occurred in the run-up to the 2016 U.
David joined Pimm Fox and Lisa Abramowicz on Bloomberg Radio. You can listen to the replay here. As one of the largest technology-oriented trade shows globally, the Consumer Electronics Show (CES, held 1/5-8/17 in Las Vegas, 200k+ expected attendees, 2.5mm square feet of exhibits) sets major technology themes for investors to track over the coming year. Note, however, that as CES typically showcases technologies in their early stages of commercialization, there is a history t
Today I joined BNN to discuss IBM Earnings IBM earnings With CEO Rometty’s surprise October 2014 announcement suspending earnings guidance investors have been understandably cautious with regard to maintaining positions in IBM shares. The 1Q15 results showcased the fundamental difficulties IBM confronts as revenues fell -12% y/y to $19.6bn while EPS rose +9% y/y to $2.91. Revenue growth is necessary for investor support and IBM shows marked weakness on this front with sales d
Following my appearance on CNBC discussing IBM in 2015, Steve Denning of Forbes wrote this thoughtful piece quoting GVA Research: IBM: Why Big Blue Is Still a A Big Bruise Thanks Steve for including GVA Research in your commentary. Here is the the link to the full article. #bigblue #forbes #ibm #stevedenning