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Trade of the Day: Microsoft Corporation (NASDAQ:MSFT)

MSFT looks to rally after period of consolidation

   

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Once the market gets past the middle of October sentiment starts looking up as better than expected Q3 earnings start getting reported, companies give brighter outlooks on Q4 and next year, and clarity on the presidential election emerges.

Microsoft (MSFT) is the super-sized software maker that has managed to make itself relevant again with important products for cloud services, gaming, the Internet of Things and autonomous cars while at the same time protecting its Office franchise and creating a new category for combination tablet-laptops.

Shares have traded sideways for the past two months, but ought to have a shot at advancing a lot higher over the rest of this quarter following its Q3 earnings report.

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Buy Microsoft (MSFT) at current levels.

Jon Markman operates the investment firm Markman Capital Insights. He also offers a daily trading advisory service, Trader’s Advantage, and CounterPoint Options, a service that helps individual traders make steady, consistent profits with volatility-related instruments. Follow him on Twitter for his latest take on markets and innovation.


Article printed from InvestorPlace Media, http://investorplace.com/2016/10/trade-day-microsoft-corporation-nasdaq-msft-2/.

©2017 InvestorPlace Media, LLC