Ed’s Daily Notes for January 8th   1 comment

Bloomberg: Mulally Bows Out of Microsoft CEO Race, Staying at Ford

Big news for Mister Softee (MSFT):

Alan Mulally, chief executive officer of Ford Motor Co. (F), said he plans to stay with the No. 2 U.S. automaker through 2014 and won’t leave for Microsoft Corp. (MSFT), underscoring the challenge of finding a new CEO to run the world’s largest software maker.

It will be interesting to see how the market reacts to this news. It is clearly good news for Ford (F), but I have heard mixed reviews on the possibility of Mulally taking over at MSFT.

As for who is left in the running:

Other candidates in the mix for the CEO job have included Microsoft’s cloud computing chief Satya Nadella, Executive Vice President Tony Bates and former Nokia Oyj (NOK1V) CEO Stephen Elop, people familiar with the search have said.

Of those, the only one I am not pleased about is Elop. He couldn’t save Nokia, so why anyone would think he could do something with MSFT is beyond me.

Forbes: The Biggest Bet Ever

The above article talks about online gambling in the U.S., and I would call it a must-read based on the names lining up on both sides of the debate, especially on the “pro-gambling” side: George Soros, John Paulson, Leon Cooperman, and Kirk Kerkorian.

One stock predominantly mentioned in the article is Caesars Entertainment Corporation (CZR). With their name, and their presence online overseas, it is easy to see why whales such as Soros like this play. I would call it a “buy” right now.

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Posted January 8, 2014 by edmcgon in Market Analysis, News, Stocks

One response to “Ed’s Daily Notes for January 8th

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  1. Pingback: Buy Caesars Entertainment Corp. (CZR) | Ed's Talking Stock

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