Two Ways: The Microsoft Store
Strengthen your portfolio in good times and bad.
Microsoft Hangs a Shingle
Taking a page out of Apple's (AAPL) playbook, Microsoft (MSFT) said it will open a "small number" of retail stores in hopes of spicing up its image with consumers. The Wall Street Journal reports the company has hired David Porter, former chief of worldwide product distribution for DreamWorks Animation, to serve as corporate vice president of the venture. The company said the stores will provide a unique way to learn, first-hand, about the consumption habits and likes and dislikes of its customers.
From the Bull Pen: Microsoft faces a lot of challenges ahead, but the action on the daily chart has been constructive. Those bullish can set a sell stop near $18.50.
From the Bear Cave: Bears can look to AT&T (T) for a downside play. One can consider entry near $26 with a buy stop above that level.
Quick Check Around the World
Asian trading closed with the Hang Seng 2.47%, Nikkei 0.96%, Sensex 1.78%, Taiwan 2.82% and Shanghai 3.23%.
Glancing towards Europe, we see the CAC 2.36%, DAX 1.51%, FTSE 1.08%
As of 8:05 a.m. EST, S&P futures are trading +1 to 836.00, and Nasdaq futures are +3 to 1248.00.
A Look At Commodities
Crude oil is trading +0.04 to 34.02. Gold is -10.4 to 938.80. Silver is -0.15 to 13.360, and copper +1.75 to 155.20.
The dollar index is -0.5150 to 86.3900.
On the Radar
10:00 University of Michigan Confidence 61.3
What a crazy week. Good luck, Minyans and have a great 3 day weekend!
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