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Microsoft’s new collaborations encourage investors

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Last Week’s Highlights

Microsoft’s future looks promising

US-based, The Procter & Gamble Company, also known as P&G, will receive help from Microsoft Corporation to boost its digital manufacturing capabilities. Microsoft will help digitalize and integrate data from more than 100 P&G manufacturing sites around the world, enabling P&G employees to secure supply chain improvements and be more efficient in their decision-making. Microsoft’s chief commercial officer, Judson Althoff, says the partnership “will drive P&G’s growth and business transformation through digital technology that seamlessly connects people, assets, workflow and business processes that promote resilience.” Because of this deal, analysts are optimistic about the future of Microsoft’s stock; and also, because the tech giant expanded its partnership with Samsung. Xbox games will be available on 2022 smart TVs by the end of June.

Exxon’s reaching all-time high

The US oil company, Exxon Mobil Corporation, had the highest closing of all time. After going through several years of problems, and suffering negatively from the impact of the pandemic, Exxon has managed to recover positively. The company rose 1.2% to close at $104.59 on Wednesday, surpassing its previous closing high achieved eight years ago. The company’s stock has soared 68.12% this 2022. Analysts are bullish on Exxon shares for several reasons. Among that, is that the energy sector is the best performer in the S&P 500 index with a year-to-date gain of 65%, and that Brent crude oil rose more than 50% in 2022 and topped $100 per barrel for the first time since 2014. The conflict between Russia and Ukraine boosted the oil companies’ business.

Coming Up This Week

Google’s Android 13 on its way

Google is preparing its next big release and investors are optimistic about the future. Google’s stock was down 2% last Thursday, but the company announced that it launched Android 13 beta 3. Google is looking for a new and improved version of its operating system, so it has several changes, whether visual, privacy, or security enhancements. The company asked mobile application developers through a post on its blog to “start their final compatibility testing now and prepare to release their compatibility updates as soon as possible before the final release”. This innovation in the Android operating system motivates analysts. Several assume that Google’s average price at $3,245.48, has a potential upside of 41.3% from current levels. The company reached a level of stability with beta 3, so no major changes are expected for the final version of Android 13.

Tesla vehicles under investigation

The National Highway Traffic Safety Administration expanded its investigation on Tesla vehicles to 830,000 units. Several Tesla vehicles have crashed into parked vehicles, apparently because of problems with their “autopilot” function. If this engineering analysis deems the cars to be suboptimal for use, more than 830,000 vehicles could be recalled. This scenario would spell trouble for Tesla; however, analysts remain optimistic about the company’s stock. During the month of May, Tesla’s production at its Shanghai unit soared nearly 200%, manufacturing reached up to 33,544 vehicles. The company, not satisfied with that, expects to produce more than 71,000 vehicles at that plant during June.

All information provided was collected up to the last business day of the previous week of the release of this NewsFlight. The purpose of NewsFlight is to summarize and make accessible information on a variety of topics within the world of investing and personal finance, and thus cannot be considered formal research or reports. All sources utilized to compile the NewsFlight newsletter are considered trustworthy by the FlexInvest team. FlexInvest is not affiliated with and does not receive remuneration from the news sources used to compile NewsFlight. As well, any images or logos incorporated into the NewsFlight newsletter are not necessarily property of FlexInvest and may solely be included to provide context for the news covered. NewsFlight should not be taken as advice to sell or buy securities or to make any investment. When investing in securities or other financial products, there is always the potential to lose money or asset value. FlexInvest recommends that its users consider their investment objectives and risks before investing. Additionally, any projections or analysis made by authors of NewsFlight cannot be considered as a promise of future trends or returns. Opinions expressed in NewsFlight are not representative of FlexInvest.

Market News

The US recorded the largest increase in inflation since 1981. Prices of products such as gasoline and food soared and caused a huge increase, while the Federal Reserve is expected to continue with interest rate hikes of 50 basis points through September to combat inflation.

After falling 6.1% in April, gas prices rose again by 4.1% to an average of $4.37 per gallon. Food prices increased 1.2%, especially dairy and related products, which rose 2.9%.

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