Loading...
Loading...
Speaking on
CNBC's Fast Money, Guy Adami discussed the reasons behind a decline of 0.97 percent in
Microsoft CorporationMSFT. He said that $2.5 billion that the company is paying for Mojang is a drop in a bucket. Adami is encouraged by the $51 price target for
Microsoft from RBC Capital. He thinks that as long as the stock holds $45 it is a buy.
Karen Finerman explained that
North Atlantic Drilling Ltd.NADL has signed a very broad deal with Rosneft and until the market sees some clarity on the contract the stock will be sensitive to the news of stricter sanctions to Russia, like it was on Monday. She has a long position and likes the stock, but she doesn't expect to see transparency for a little while. North Atlantic Drilling fell 4.07 percent.
Nokia Corporation (ADR)NOK jumped 2.27 percent on the news that
Oppenheimer upgraded the stock to outperform. Tim Seymour likes the restructured business of
NokiaLoading...
Loading...
and thinks that the stock has more room on the upside.
The CEO of
salesforce.com, inc.CRM, Marc R. Benioff, stepped down from
Cisco's board and
salesforce.com dropped 2.84 percent. Dan Nathan said that the stock lost around seven percent in the last three trading days and it has been a massive underperformer in comparison to other tech stocks. Nathan thinks that it would be a good idea to get long around $55.
Salesforce.com closed the session at $57.57.
Loading...
Loading...
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in