It seems that for a little while the world will be upside down, companies expected to perform well experience a relatively short fall and the under-performers are rehabilitating. CNBC’s Fast Money traders commented their picks: Microsoft Corporation (NASDAQ:MSFT)’s down almost 1% to about $46.2, salesforce.com, inc. (NYSE:CRM) plunged about 3% settling close to $57.5 and Nokia Corporation (ADR) (NYSE:NOK) jumped some 2.3% to a price of almost $8.6.
We all know what Microsoft Corporation (NASDAQ:MSFT) is and almost all of us sense that it is not going to last long till the company pushes the price higher. It’s spent $2.5 billion for the materials to build its success, which will be made out of Mojang AB’s Minecraft blocks. The deal should help promote its Windows Mobile platform and is considered somehow risky because the game has already reached an impressive popularity and might not get bigger. But to get an idea of how much risk this deal bears, the latest drop in price caused a devaluation of the company larger than $3 billion, so their fate depends on the latest acquisition less than 1%.
salesforce.com, inc. (NYSE:CRM) has been brought down from the clouds by a massive drop in the latest period. There seems to be no need for worries as the company practically dominates the cloud computing market.
“The stock is down about 7% in the last 3 trading days. It’s been a massive underperformer if you think about large capitalization tech stocks so to me this is one where I would probably take a shot on the long side back at $55,” said Dan Nathan.
The big surprise in a certain manner is Nokia Corporation (ADR) (NYSE:NOK), a company that brought a lot of innovation to the mobile industry but was almost forgotten with the release of latest smartphones and the appearance of Android and IOS operating systems. Its Symbian and Windows Mobile couldn’t get the company enough popularity. Compared to its glory-years, the stock is a lot cheaper meaning also that it has a lot of room to grow into. Possibly Nokia Corporation (ADR) (NYSE:NOK) might actually benefit from its unsuccessful operating system with the help of Microsoft Corporation (NASDAQ:MSFT)’s latest purchase or it might get back down where people expect it to be.
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