23.04.2020 MSFT Daily Analysis

23.04.2020 MSFT Daily Analysis

MSFT is trading at $173.52 (+3.40%) as the US stock market recovered from the hit from the unprecedented oil price depreciation. MSFT is set to release its earnings report for the first quarter next week on the 29th of April. Corporations like Daimler AG, Tesla, Ericsson, NXP Semiconductors NV joined the Bank of America Corp in banning their employees from using Zoom due to cyber securities issues. These cybersecurity issues included what is being called Zoombombing whereby uninvited guests crash meetings and leak inappropriate pictures in business meetings. This is good for MSFT as they are rivals and MSFT has been praised for its cybersecurity. NXP, which is a provider of wireless communications technology, uses MSFT`s Teams and Skype internally and so does networking giant Ericsson.