Technology stocks just had their worst month since March, but some big events could draw attention back to the group in October.
Microsoft (MSFT) is making serious efforts to enter the world of “cloud computing,” the business of large companies using third-party servers and software instead of running their own data centers. It’s a broad shift that’s been occurring in the world of tech for most of the decade.
After all, we’re in the fourth quarter – a time of the year with a strong bias to the upside. Consider some of these points we crunched from TradeStation’s wealth of chart data:
The market had mixed reactions to the announcements, as Amcor shares dropped just over 6% coming out of its trading halt. However, the fact is, it makes far more sense for Amcor to be listed in the US than Australia. The company makes approximately 85% of its revenue from the Americas, Europe and Middle East markets. Additionally, Amcor reports its earnings in US dollars, and the acquisition of Bemis will provide greater exposure to the U.S. market.
To expand its reach into key foreign markets, Monex established active collaborations with TradeStation in the US and Boom in Hong Kong, both well-known brokerage agencies in their own right. TradeStation is well-established as one of the largest brokers stateside, while Boom was the first online broker in Asia and still holds a powerful position in virtual trading.