In this video from Friday's Investor Beat, host Chris Hill and Motley Fool Million Dollar Portfolio analyst Ron Gross separate the signal from the noise in the biggest investing stories from the market today.

Shares of Microsoft (NASDAQ:MSFT) were up today despite the overall market seeing a lot of red, as the company announced its Q2 earnings, with the record revenue of $24.5 billion. Sales for both its Surface tablet and its Xbox One gaming console were strong, as were results from its cloud business and data center business. In today's lead story, however, Ron discusses why he's cautious here at the moment ahead of a yet unknown new CEO, and the difficult acquisition of Nokia (NYSE:NOK), which has yet to integrate, as Microsoft continues to be a company in flux and transition.

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Chris Hill has no position in any stocks mentioned. Ron Gross owns shares of Microsoft. The Motley Fool owns shares of Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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