Although crude futures are almost 2% in the red, the major indexes are defiant today, as the S&P 500 and Dow remain near record highs and the Nasdaq is up by almost half a percent. In this article, we’ll analyze five stocks that traders are talking about today: Microsoft Corporation (NASDAQ:MSFT), Boeing Co (NYSE:BA), Visa Inc (NYSE:V), Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR), and Zimmer Biomet Holdings Inc (NYSE:ZBH). In addition, we’ll use SEC filings to see how elite funds have been trading these equities lately.
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Microsoft Wins Contract
Microsoft Corporation (NASDAQ:MSFT)‘s cloud business just got a little bigger after Boeing Co (NYSE:BA) agreed to transition many of its commercial aviation applications used by over 300 airlines into the Microsoft Azure cloud. Boeing currently offers a portfolio of advanced analytics tools to those airlines to optimize operating efficiency. Boeing’s expertise in the area along with Microsoft’s cloud tech will help accelerate “the digital transformation of aviation through the use of analytics-based applications, cloud technologies and large-scale integration,” according to the two companies.
Microsoft is currently in a heated battle with Amazon.com, Inc. (NASDAQ:AMZN) for dominance over the large growth market. Microsoft and Boeing are both up by around 0.75% in afternoon trading. Of the 766 active funds that we track, 144 owned shares of Microsoft Corporation (NASDAQ:MSFT) as of March 31, while 37 owned shares of Boeing Co (NYSE:BA).
Wal-Mart Plays Hardball
Traders are watching Visa Inc (NYSE:V) shares today after three Wal-Mart Stores, Inc. (NYSE:WMT) locations in Canada stopped taking Visa as an acceptable payment. The Wal-Mart stores aren’t accepting Visa cards due to the company’s “unacceptably high” fees on transactions. Although small on an individual basis, credit card transaction fees add up in aggregate for a company like Wal-Mart. The fees narrow Wal-Mart’s profit margins and increase costs for consumers. Wal-Mart has said that the decision to stop accepting Visa will eventually spread to over 370 stores in Canada if the two companies cannot work out a compromise. Warren Buffett‘s Berkshire Hathaway was a major shareholder of Visa Inc (NYSE:V) at the end of March, owning 10.24 million shares.
On the next page we’ll check in on why Petroleo Brasileiro SA Petrobras (ADR) and Zimmer Biomet Holdings are trending today.