Top Tech Stock for Portfolio Building: Microsoft’s Impressive Returns and Strong Earnings Outlook

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

Building a portfolio from scratch can be an intimidating task for beginner investors. However, one strategy to get started is by looking 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 its addition 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%.

Investing in stocks like MSFT with positive earnings outlooks can be highly profitable. With analysts predicting an 18.6% growth in earnings for the current fiscal year, buying a Focus List stock like MSFT could lead to more price momentum and potentially greater returns. If you want more stock recommendations from Zacks Investment Research, download their free report “7 Best Stocks for the Next 30 Days” today by clicking here on Microsoft Corporation (MSFT).

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