Microsoft (MSFT) Soars: A Beginner’s Guide to Investing in High-Performing Stocks

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

Microsoft Corporation (MSFT) is a dominant player in the technology industry, with over 73% market share for desktop operating systems. For beginner investors looking to build a portfolio from scratch, investing in stocks expected to outperform the market is a good strategy. One such stock that stands out is Microsoft.

Since being added to the Zacks Focus List on February 1, 2016 at $55.09 per share, MSFT’s stock price has increased by 667.58% to $422.86. Analysts have 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 companies with positive earnings outlooks can be very profitable, and analysts predict an 18.6% growth in earnings for the current fiscal year. By buying a Focus List stock like MSFT, investors are likely investing in a company whose future earnings estimates will be raised, potentially leading to more price momentum.

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. Click here to get the report on Microsoft Corporation (MSFT).

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