Zacks Equity Research
·1 min read
If you're a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That's why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that's been proven to generate strong returns.
Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.
Why You Should Pay Attention to Microsoft (MSFT)
Microsoft Corporation is one of the largest broad-based technology providers in the world. The company dominates the PC software market with more than 73% of the market share for desktop operating systems.
On February 1, 2016, MSFT was added to the Zacks Focus List at $55.09 per share. Shares have increased 614.96% to $393.87 since then.
One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.01 to $11.14. MSFT boasts an average earnings surprise of 7.8%.
Additionally, Microsoft's earnings are expected to grow 13.6% for the current fiscal year.
Since stock prices respond to earnings estimate revisions, it can be very profitable to buy stocks with an increased earnings outlook. By buying a Focus List stock like MSFT, then, you're likely getting into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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Microsoft Corporation (MSFT) : Free Stock Analysis Report
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