Microsoft Stock To Rally Further After Its Quarterly Report

Microsoft's 3Q Earnings report is due on 27th August. Microsoft stock is high by 17% year to date, and is just a few dollars below a it's record high. The company has benefitted in the pandemic from growing enterprise adoption of cloud computing as well as a surprisingly robust market for personal computers. Initial expectation was that with time the market for personal computers will die down as computers are a long-term good, but this has not been the case. Thus MSFT is expected to rally futher and have a boost in stock price once the reports are released on Tuesday.

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HiralKeshwala

Apr 22, 2021

15.08%

Change % Since Posting

260.58

Price When Posted

39.29

Change Since Posting

MSFT

Microsoft Corporation

299.87

-5.35
-1.75%
Current Price

Microsoft Stock To Rally Further After Its Quarterly Report

bullish

Microsoft's 3Q Earnings report is due on 27th August. Microsoft stock is high by 17% year to date, and is just a few dollars below a it's record high. The company has benefitted in the pandemic from growing enterprise adoption of cloud computing as well as a surprisingly robust market for personal computers. Initial expectation was that with time the market for personal computers will die down as computers are a long-term good, but this has not been the case. Thus MSFT is expected to rally futher and have a boost in stock price once the reports are released on Tuesday.

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