Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 23rd of August.
The big news today of course is the announcement from Microsoft (NASDAQ:MSFT) CEO, Steve Ballmer, that he's going to retire within the next 12 months. The news was enough to send the stock of Microsoft up over 7%, which is good news for shareholders.
In my opinion, one of the major reasons why the stock of Microsoft (NASDAQ:MSFT) has been unable to get going over the last decade is its failure to execute on any of the new technologies. Whether its online, mobile, phones, tablets or Windows 8, all of these efforts proved to be disappointments to investors and the market in general. Continue reading "Today's Video Update: Steve Ballmer calls it quits"