Benzinga - by Avi Kapoor, Benzinga Staff Writer.
On CNBC’s "Halftime Report Final Trades," Stephen Weiss of Short Hills Capital Partners said Microsoft Corporation (NASDAQ: MSFT) is expected to report pretty good earnings results when the company reports over the next few weeks.
Microsoft has declared that its Windows 11 update will no longer include WordPad. The company has not only decided to pull the plug on the word processing application but has also blocked any possibilities of its reinstallation.
Jim Lebenthal of Cerity Partners named BlackRock, Inc. (NYSE: BLK) as his final trade.
BlackRock is reportedly set to reduce its global workforce by approximately three percent. This decision translates to around 600 employees facing layoffs.
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Anastasia Amoroso of JPMorgan Private Bank named ETFMG Prime Cyber Security ETF (ARCA: HACK), adding that cybersecurity is a really strong area of growth.
Joseph Terranova of Virtus Investment Partners picked The Goldman Sachs Group, Inc. (NYSE: GS).
Goldman Sachs Group employees reportedly feel apprehensive at the beginning of 2024, following a tumultuous previous year that began with a significant layoff dubbed "David's Demolition Day." Goldman Sachs is expected to report quarterly earnings before the opening bell on Jan. 16, 2024. Analysts expect the company to report quarterly earnings at $3.13 per share on revenue of $11.13 billion.
Price Action: Microsoft shares gained 1.9% to close at $374.69, while BlackRock shares gained 1.8% to settle at $797.19 on Monday. ETFMG Prime Cyber Security ETF gained 2%, while Goldman Sachs rose by 0.6% to $388.86 during Monday’s session.
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