Two Ways: Microsoft Gets Upgraded
Strengthen your portfolio in good times and bad.
Friar said Microsoft's new products -- including Windows 7, Bing, Windows Service 2008 R2, Azure Cloud software, and the new Xbox 360 -- brought about "renewed innovation beyond anything we have seen in multiple years."
In her report, Friar did warn that the June quarter could be difficult, however, given that IT spending fell, but she claims that investors can now expect growth in 2010. For the fiscal year ending in June, she expects the company to earn $1.72 a share, down from her previous estimate of $1.75 a share. For fiscal year 2010, she sees Microsoft earning $1.85 a share, down from her previous estimate of $1.95, but still slightly above consensus estimates.
Shares of Microsoft were up 3%, to $24.24, late Friday afternoon. The stock has gained 24% since May 26.
From the Bull Pen: The "trade" could be over for Microsoft, but for the passive investor, one can start an initial position here and be ready to add on a pullback (possibly to its 20 DMA currently at $22).
From the Bear Cave: Professor Mike Paulenoff mentioned the positive action in Microsoft as well as the implications for the Q's (QQQQ) on the Buzz today. But if QQQQ falls below this week's pivot low at $35.24, be prepared for more downside action.
Time for Toddstock! Be safe, and have a great weekend Minyans!
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.