Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, August 28, 2020

Article Excerpt

WALMART INC., $140.30, New York symbol WMT, and MICROSOFT CORP., $228.91, Nasdaq symbol MSFT, remain buys for our subscribers. The two firms have agreed to present China-based ByteDance Ltd. with a joint bid for its popular TikTok video-sharing mobile phone app. The Trump administration has threatened to ban TikTok in the U.S. on September 15, 2020, over its allegations the app is secretly collecting personal user data on behalf of the Chinese government. Walmart would use TikTok’s platform to enhance its e-commerce operations, particularly as it plans to launch a premium delivery service—called Walmart+—in the next few months. That would help it better compete with Amazon.com and its Prime subscription service, which includes streaming movies and TV shows. Microsoft would use TikTok to improve its share of the online advertising market. Right now, Facebook (with its Instagram video service) and Twitter dominate the social media ad market. Buying TikTok’s U.S., Canadian, Australian and New Zealand operations would probably cost between $20 billion and $30 billion…