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

Unleashing the Power of Investing: Why Microsoft (MSFT) is a Top Pick for 2024

Investing in the stock market can be an exciting but challenging venture, especially for beginners. Building a portfolio from scratch can seem daunting, but with the right strategy, it is possible to achieve success. One approach that beginner investors can take is to look for stocks that are expected to outperform the market in the coming year.

One such stock that stands out is Microsoft (MSFT). Microsoft is a major player in the technology industry and dominates the PC software market 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 impressive 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%.

If you want to invest in stocks like MSFT that have positive earnings outlooks, now is a great time to do so. With analysts predicting an 18.6% growth in earnings for the current fiscal year, investing in companies like MSFT can be very profitable

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