Offbeat Jim Cramer trusts Microsoft in spite of - or perhaps because of - the corona crisis.
Spain's Prime Minister calls on the EU to organize a "war economy"
© Borja Puig de la Bellacasa Spain's Prime Minister Pedro Sánchez has called on the EU partners to "rigorous solidarity" in the Corona crisis. Spain's Prime Minister Pedro Sánchez has called on the EU partners to "rigorous solidarity" in the Corona crisis. In order not to fail as a union in the pandemic, he believes that the EU must now organize a "war economy", wrote Sánchez in an article for "faz.net".
In the past few weeks the corona virus has caused a downward trend across the global equity markets. Few stocks saw gains against the trend.
• Coronavirus causes dislocations in most asset classes
• Microsoft sees an increase in the use of its online services
• Switching to cloud services could further accelerate
Some companies that appear to benefit from the developments surrounding the Corona crisis are not only those from the healthcare industry, but also some tech stocks that offer services that people are increasingly using due to the current situation.
Silbermond: Stefanie Kloß sings Corona song in the closet
© Christian Grube / imago images Silbermond singer Stefanie Kloß makes music out of her closet - for victims in the Corona crisis Silbermond singer Stefanie Kloß released the recently released song " Let's make the best of it "according to their own statements in their wardrobe. The band donates all the proceeds from the piece to those in need of the Corona crisis. Just recently Silbermond ( "Light luggage" ) released their song "Let's make the best of it" for a good cause in the Corona crisis.
This includes, for example, the technology groupuse of online services increases . Microsoft offers, among other things with Microsoft teams, software with which employees can communicate with each other from home, which is of course in great demand now, when many people work in the home office.
In late March, the company announced a sharp increase in the use of its online services, including Microsoft Teams, Windows Virtual Desktop, and Power BI. "We saw a 775% increase in user calls and team meetings in Italy over a month of social distancing or local protection," Microsoft said in a blog post. With Microsoft Teams, the company now has more than 44 million daily users, who come to more than 900 million minutes for meetings and calls each day. According to Microsoft, the older Skype app is also being used more and more: The number of users has increased by around 70 percent compared to the previous month to around 40 million daily.
Söder calls for European Marshall Plan because of Corona crisis
© Peter Kneffel Bavaria's Prime Minister Markus Söder (CSU) has called for a "Marshall Plan for the whole of Europe" to get the economy going again after the Corona pandemic has been overcome. However, he rejected Eurobonds again. Bavaria's Prime Minister Markus Söder (CSU) has called for a "Marshall Plan for the whole of Europe" in order to get the economy going again after the Corona crisis has been overcome.
The government's use of public power BI to release COVID-19 dashboards for citizens also increased by 42 percent in one week. But Microsoft's top priority would be to support essential health and safety organizations and ensure that remote employees stay up to date with the core functions of teams, the company explains in its blog.
analysts assume that the development in this direction will accelerate even further. The analysts from Stifel to Brad Reback "believe that COVID-19 will further accelerate the move to flexible and scalable cloud services, and […] that Microsoft remains well positioned to address these trends both in the short term (as from the above Statistics emerges) as well as in the long term (while COVID-19 is accelerating digital transformation), "as CNBC reports.Microsoft: the best tech share at the moment?
As Jim Cramer says, Microsoft's stock is a "big beneficiary of the restrictions" as the demand for cloud computing services has risen so significantly due to the corona crisis. Compared to the most important US indices, the Microsoft share has done well since the beginning of the year - it has only lost around one percent.
But the future is also unclear for Microsoft - and what traces the corona crisis is leaving in the economy - is unclear. Cramer, who expects a major global downturn, also sees "the possibility that Microsoft's booming cloud business could be cut back if millions are fired". But he believes that Microsoft's tailwind continues.
"Microsoft's stock is a buy. Of course I want it to come down after this gigantic rally, but Microsoft could be the best technology stock in this market," he said on his CNBC show "Mad Money"
Because of the corona crisis: Members of the Bundestag want to forego an increase in diet .
© dpa View of the German Bundestag Because of the corona crisis, members of the Bundestag are likely to forego their diet increase due on July 1st. The leaders of the coalition factions voted in favor of such a move on Wednesday, and support also came from the opposition. "I am confident that we will find a common solution here shortly," said SPD parliamentary group leader Rolf Mützenich in Berlin.