Microsoft Pulls Stock Market Higher Today

Earnings season began last night with first-quarter results from aluminum maker Alcoa. Profit was slightly ahead of estimates, but revenue was a little bit disappointing, so its stock is flat today. But the rest of the market is looking past Alcoa's ho-hum quarter and surging higher today, driven by tech. The Dow Jones Industrial Average (DJINDICES: ^DJI  ) is up 0.59% near the end of trading, and the S&P 500 (SNPINDEX: ^GSPC  ) has risen 0.58%.

Microsoft (NASDAQ: MSFT  ) stock is the biggest mover on the Dow today, climbing 4%. The company is teaming up with Nokia, Oracle, and a number of other tech companies to put pressure on the EU to take action against Google search and Android. They contend that Google's open-source software gives the company an unfair advantage over companies that charge for operating systems and diverts mobile search traffic to Google. This is a strong coalition, and investors are giving Microsoft a chance at breaking Android's hold on the mobile market and making extra market share for Windows Mobile and Bing. Only time will tell whether the complaint is successful. If it is, it could be a big catalyst for Microsoft stock.

It's been a frustrating path for Microsoft stock investors, who have watched the company fail to capitalize on the incredible growth in mobile over the past decade. However, the company is looking to make a splash in this booming market. In this brand-new premium report on Microsoft, our analyst explains that while the opportunity is huge, the challenges are many. He's also providing regular updates as key events occur, so be sure to claim a copy of this report now by clicking here.

Intel (NASDAQ: INTC  ) is up 3.5% today after introducing a faster version of Thunderbolt yesterday and a new HP server today. The new Thunderbolt standard will have 20 Gbs bidirectional data transfer and twice the current capacity, and it's coming later this year. This would upend USB 3.0, which is expected to be capable of only 10 Gbs data transfer next year. HP also introduced its Moonshot server system, which will run on Intel's mobile chips. This is expected to save space and reduce energy costs by up to 89%.

McDonald's (NYSE: MCD  ) is one of only five Dow components in the red today, falling 0.4%. There are reports out of China that McDonald's slashed the price of McNuggets nearly in half after the latest avian flu scare. This could impact McDonald's sales and profit in the second quarter but won't impact first-quarter earnings due April 19.


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  • Report this Comment On April 09, 2013, at 4:29 PM, rhbarca wrote:

    I am a shareholder because they do have some innovative products and they look like they've been underestimated. Stories like these, though, would tend to confirm that valuation. Every time Ballmer opens his mouth is another confirmation. Let's see: open source = unfair. How fair has it been for all the home and business users to have to periodically pay for an upgrade to their OSs and "Office" suites every time a new version comes out with essentially as little effort put into it as the market lets them get away with? Maintain monopoly power with as little effort as possible seems to be the Gates legacy. They are pinning their hopes on this "Scroogle" campaign and a lawsuit against "unfairness". Do you have to not know the meaning of the word "irony" to work at Microsoft?

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