Why Adding This Computer and Technology Stock to Your Portfolio Could be a Smart Move

5 Key Reasons to Invest in Microsoft and 7 Best Stocks for the Next 30 Days

For those who are just starting out in investing, building a portfolio from scratch can seem like a daunting task. However, one strategy that can help beginner investors is to look for stocks that are expected to outperform the market in the next year. One such stock that stands out is Microsoft (MSFT).

Microsoft is a major player in the technology industry, with a market share of over 73% for desktop operating systems. Since being added to the Zacks Focus List on February 1, 2016 at $55.09 per share, MSFT’s stock price has increased by an incredible 667.58% to $422.86. Analysts have also revised their earnings estimates upwards for fiscal 2024, with the Zacks Consensus Estimate increasing to $11.63. On average, MSFT has exceeded earnings expectations by 8.8%.

Investing in stocks with positive earnings outlooks can be very profitable, especially when they are part of a Focus List like Microsoft Corporation (MSFT). With analysts predicting an impressive 18.6% growth in earnings for the current fiscal year, buying MSFT could potentially lead to more price momentum and higher returns for investors.

If you want more stock recommendations from Zacks Investment Research, you can download their free report “7 Best Stocks for the Next 30 Days” today by clicking here: [link].

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