Unbeatable Performance: Why Microsoft (MSFT) Should Be Top Pick for Newbie Investors in 2021″.

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

Building a portfolio from scratch can be overwhelming for beginner investors. However, a smart strategy is to look for stocks that are expected to outperform the market in the upcoming 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 being added 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 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%.

With analysts predicting an 18.6% growth in earnings for the current fiscal year, investing in stocks like MSFT with positive earnings outlooks can be highly profitable. By buying a Focus List stock like MSFT, investors are likely investing in a company whose future earnings estimates will be raised, potentially leading to more price momentum.

If you want more stock recommendations from Zacks Investment Research, you can download their free report “7 Best Stocks for the Next 30 Days” today. Click here to get the report on Microsoft Corporation (MSFT).

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