#7 - Microsoft (NASDAQ:MSFT)
By the time you read this, Microsoft (NASDAQ:MSFT) may be part of the illustrious $2 trillion market capitalization club. And it’s not because people are suddenly buying more of the company’s enterprise software and personal computing products (although that did happen during the pandemic).
Rather, Microsoft is an example of a company that keeps reinventing itself to the delight of investors. The company made a hard pivot from desktop computing to cloud computing. And with several high-profile contracts in hand, including the 10-year, $10 billion contracts with the U.S. Department of Defense, you’d have to say it’s been a successful pivot. The need for support tools such as Microsoft Teams for remote work and an online school provided an additional tailwind for MSFT stock.
MSFT stock is up 47% in the last 12 months. Growth has slowed to “only” 18% in 2021 and 9% in the last month (ending April 20). Investors will want to pay attention to the company’s next earnings report at the end of April. However, there seem to be many catalysts that suggest Microsoft will continue to reward investors.
About Microsoft
Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.
Read More - Current Price
- $436.60
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 26 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $508.46 (16.5% Upside)
Earnings season is a good opportunity to evaluate your portfolio and sift out the winners and losers. In a volatile market like the one that we’re in, it’s understandable to find a few stocks that can provide a port in the storm.
The stocks in this presentation can serve that role quite well. In addition to being some of the most active stocks in the market, these stocks have all shown strong growth in 2020 that has carried over into 2021.
And many of the companies in this presentation are expected to report strong earnings that may provide a catalyst for the next leg higher.
If you’re looking to have a one-stop resource for finding the most active stocks, you should give strong consideration to subscribing to MarketBeat All Access. In addition to finding a list of the most active stocks, you’ll find stock screening tools and various other tools that will help you identify profitable stocks.
More Investing Slideshows:
