Arden Partners Equity Research & Stock Reports

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Microsoft yesterday beat analysts' estimates for fourth-quarter revenue and profit, driven by continued sales increases from its cloud business and sending its shares to all-time highs. Shares of CrowdStrike climbed as much as 7% on Thursday after the cybersecurity company reported earnings for the first time since its IPO. For the quarter, CrowdStrike's loss per share was in line with analysts' estimates and revenue was slightly better than expected. Apple will begin soon trial production of AirPods in Vietnam to circumvent tariff fees imposed on Chinese-produced goods by Trump Administration. By expanding production outside of China, Apple can reduce the expenses caused by tariffs put in place by the Trump Administration.

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Shares of Netflix were down 12% after the company released its earnings report for its second quarter of 2019 Wednesday. The results showed a rare loss in U.S. subscribers and a large miss on international subscriber adds. SoftBank Group Corp founder and Chief Executive Masayoshi Son said on Thursday that there is a dearth of investment opportunities in Japan, which he said is lagging in the race to develop artificial intelligence. eBay is moving forward with a potential sale of ticket exchange company StubHub, sources told CNBC's David Faber. The sources said eBay is still early in the process but note there are "Multiple" parties interested in buying StubHub.

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Spotify stock dropped over 1% on a Bloomberg report that Apple plans to fund its own original podcasts. Apple executives have reached out to media companies to buy exclusive rights to podcasts, according to the report. Amazon has a promotion for US shoppers on Prime Day, the 48-hour marketing blitz that started Monday: Earn $10 of credit if you let Amazon track the websites you visit. The catch, as Amazon explains in the fine print, is the company can use this data to improve its general marketing, products and services, unrelated to the shopping assistant. Curve, the London-based “over-the-top banking platform,” has raised $55 million in new funding. The start-up lets you consolidate all your bank cards into a single Curve card and app to make it easier to manage your spending and access other benefits. The new round of funding values Curve at $250 million and will be used by the company to continue adding more features to its platform and for further European expansion.

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A powerful group of US Lawmakers is attempting to pass legislation to ban Big Tech from functioning as financial institutions or issuing digital currencies; Xiaomi has taken a stake in chipmaker VeriSilicon to support access to a critical competitive edge; a think piece in CNBC highlights VC investments in China plunged in Q2’19 – which may be due to poor innovation.

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Nexon Co-founder Jungju Kim has abandoned plans to sell a controlling stake in its parent NXC, two sources with direct knowledge of the matter said, scuppering a potentially $16 billion deal that would have been the gaming sector's biggest. Kim had been looking to sell the 98.6% stake he and his wife hold in NXC, which in turn owns 48% of Tokyo-listed Nexon. Waymo is rolling out amenities to entice riders to use its self-driving taxis, creating a potential route to profitability in a money-losing industry. The Alphabet subsidiary is testing complimentary Wi-Fi in its robo-taxis in greater Phoenix, where hundreds of the company’s identical, driverless minivans have been carrying paying riders since December. British billionaire Richard Branson's space tourism unit Virgin Galactic plans to go public, the Wall Street Journal reported on Tuesday. The firm will list its shares as part of a deal with Social Capital Hedosophia Holdings, a special-purpose acquisition company created by venture capitalist Chamath Palihapitiya, the newspaper reported, citing people familiar with the matter

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China's top search engine operator Baidu has joined hands with Zhejiang Geely Holding Group and Japan's Toyota Motor Corp to cooperate on areas related to artificial intelligence amid a push for self-driving cars. Under their partnership, Geely and Toyota have joined Apollo, an autonomous driving platform by Baidu. Britain's competition regulator has stepped in to pause Amazon's deal with online food delivery group Deliveroo while it considers launching a full investigation. Amazon led a $575 million fundraising in Deliveroo in May, making what the two parties called "a minority investment" and going up against Uber Eats in the global race to dominate the market for takeaway meal deliveries. Walmart's eCommerce division is projecting losses of $1 billion in its bid to catch up with Amazon, which is causing tensions between the leader of the division and Walmart US CEO Greg Foran, according to reports. The division, which is led by Marc Lore, has sales of around $21 billion and as the eCommerce division loses money, Lore is being pressured to sell off some of the company's online properties, like Bonobos and Modcloth, which Walmart will probably sell this year at a loss.

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