SAP SE (SAP) is the 'Stock of the Day' at Real Money. SAP was trading about 9% higher as the market opened on Friday. In addition to the release of preliminary Q3 results that showed new cloud bookings rising 38%, it was announced that Bill McDermott is stepping down as CEO and that board members Jennifer Morgan and Christian Klein are now co-CEOs.
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Let's see how the market reconciles some of the most significant divergences in many years.
Amazingly, one group isn't just left behind, it just keeps losing money, while the other group is shrugging off this day with aplomb.
Consider a correction to be a buying opportunity.