Building a portfolio from scratch can be an overwhelming task for beginner investors. However, a solid strategy to start with 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 dominant 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 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 stocks like MSFT with positive earnings outlooks can be highly profitable. 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 to receive 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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