Offbeat Jim Cramer trusts Microsoft in spite of - or perhaps because of - the corona crisis.
Corona and consumption - how do you think?
© provided by Dr. Windows example picture various consumer goods We are currently experiencing - at least according to the same wording - the worst crisis since the Second World War in Germany. I assume that those who express themselves in this way automatically include the post-war years of deprivation. But even then the comparison seems somehow unsuitable, because we still do not lack essentials - apart from four-layer mini cuddly doilies for our most valuable items.
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.
Chancellor-in-Office: The climax of the corona crisis is yet to come
© John MACDOUGALL Chancellor-Minister Helge Braun (CDU) does not see the climax of the corona crisis in Germany yet. "The time with the highest infection numbers is still ahead of us," said Braun of the "Frankfurter Allgemeine Sonntagszeitung" (F.A.S.). Chancellery Minister Helge Braun (CDU) does not see the peak of the corona crisis in Germany yet. "The time with the highest infection numbers is still ahead of us," said Braun of the "Frankfurter Allgemeine Sonntagszeitung" (F.A.S.).
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.
Giffey wants to change parental allowance rules
Berlin. The minister wants to prevent parents from suffering losses in the corona crisis. © Michael Kappeler Federal Minister of Family Affairs Franziska Giffey (SPD) wants to secure parents and parents-to-be financially. Photo: dpa Thousands of parents are on short-time work due to the corona crisis or cannot take parental leave because they are in a systemically relevant profession. This can have a direct impact on the amount of parental allowance.
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"
Juncker pleads in Corona crisis for borrowing common European debts .
© Mandel Ngan Former EU Commission chief Jean-Claude Juncker has spoken out in the face of the Corona crisis for joint borrowing in the EU. "The idea of the corona bonds will ultimately prevail," Juncker told the newspaper "Welt". Former EU Commission chief Jean-Claude Juncker has spoken out in favor of taking on common European debts in view of the Corona crisis. "The idea of the corona bonds will ultimately prevail," Juncker told the newspaper "Welt" (Saturday edition).