Taking the Plunge: How to Start Investing with Confidence

Investing can be an exciting and daunting journey for newbies. With so many options available, it’s no wonder that beginners feel overwhelmed when it comes to starting their investment journey. However, one way to overcome this feeling of uncertainty is by identifying stocks that are expected to outperform the market in the coming year. Microsoft Corporation (MSFT) is one such standout stock worth considering.

MSFT is a leading global technology provider that dominates the PC software market with a substantial market share for desktop operating systems. Since being added to the Zacks Focus List in 2016, shares of MSFT have soared by 672.41%. This growth is due in part to the company’s history of average earnings surprises of 8.8% and its forecasted earnings growth of 18.4% for the current fiscal year. Additionally, analysts have revised their earnings estimates upwards for MSFT’s fiscal year 2024, with the Zacks Consensus Estimate also showing an increase.

Investing in companies with rising earnings estimates can be beneficial, as stock prices tend to react positively to these revisions. Stocks like MSFT on the Zacks Focus List offer investors an opportunity to invest in companies that are likely to have their future earnings estimates raised, potentially leading to price momentum. For those looking to enhance their investment portfolio, Microsoft Corporation (MSFT) is definitely worth considering as a potential investment opportunity.

For more investment recommendations from Zacks Investment Research, check out their 7 Best Stocks for the Next 30 Days list. By taking a closer look at MSFT and other standout stocks like it, you can begin building a solid foundation for your investment journey and achieve long-term success in investing.