I like how the weekly chart 17 x 43 EMAs are still not crossed over in a bearish way - which is unlike many tech name weekly charts:
https://twitter.com/peregreine/status/1519197933459099648
1) $MSFT Finally, one of the big tech names shows some green in the after-hours upon their earnings release:
https://finance.yahoo.com/news/microsoft-cloud-growth-propel…
(Bloomberg) – Microsoft Corp. reported quarterly sales and earnings that topped analysts’ projections, fueled by robust growth in cloud-services demand. Shares jumped as much as 6.9% in late trading.
Revenue in the third quarter, which ended March 31, rose 18% to $49.4 billion, the Redmond, Washington-based software maker said Tuesday in a statement. Net income rose to $16.7 billion, or $2.22 a share. That compared with average analyst projections for $49 billion in sales and $2.19 a share in earnings, according to a Bloomberg survey.
Chief Executive Officer Satya Nadella has built up the company’s two main cloud businesses, Azure and internet-based versions of Office, into steady growth engines that help insulate Microsoft from supply-chain weakness that hurt the availability of PCs and Xbox consoles. Azure – behind only Amazon.com Inc. in the market for cloud infrastructure services, computing power and storage delivered via the internet – posted 46% growth, matching the rate in the second quarter and meeting estimates.