Added Microsoft To Our New 2024 Model Portfolio (Technical Analysis, Upgrade)

Summary:

  • This is a technical analysis article. We have added Microsoft Corporation stock to our new, one year, 2024 Model Portfolio because it has our proprietary, fundamental and technical SID Buy Signal.
  • Seeking Alpha Quant ratings show that Microsoft Corporation gets good grades for Profitability, Revisions and Momentum, but poor grades for Valuation and Growth.
  • Microsoft is outperforming the market and will remain in the portfolio as long as this continues. The market is giving it an AI growth premium. We are upgrading to Strong Buy.
  • It has a low beta and will do better than the Index in a down market. We expect this bear market to retest the bottom by October.
  • Management beat Google to the punch on AI, and that tells me how sharp management is at Microsoft. We expect Google to catch up quickly.

Microsoft logo

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Microsoft Corporation (NASDAQ:MSFT) has our proprietary Stocks In Demand, SID Buy Signal, so we have added it to our new, one year, 2024 Model Portfolio. We had a Buy Signal in our previous MSFT article

Targets old high

Our lagging SID Buy Signal provides confidence to upgrade to Strong Buy (StockCharts.com)

Months of buying ahead

MSFT targeting its old high (StockCharts.com)


Analyst’s Disclosure: I/we have a beneficial short position in the shares of SPY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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