Most technology stocks continue to run. If you own the Nasdaq 100 Index you are having a good year up 10 percent.
The big news is Microsoft paying $7.5 billion for GitHub which is not yet profitable. It’s all about the cloud and I like Dries take on it best. Ben Thompson also goes deep on the subject of Microsoft and Apple explaining it through the lens of ‘The Cost of Developers‘. Fred Wilson has a different angle on the acquisition…explaining why this acquisition is yet another cause for decentralization investments and startups.
As a reminder, Marketsmith (by Investor’s Business Daily) is now a sponsor of the weekly show. All the charts you have been seeing and will continue to see are from Marketsmith. They are offering my readers a three week trial for $19.95. Click this link if you would like to try it out.
As always in the show, this one 28 minutes, Ivanhoff and I go through some new ideas and our SL50 list of momentum leaders. Click HERE for the show or watch below:
Also published on Medium.