Top Stocks to Buy in July
Microsoft (MSFT)
Microsoft, which is headquartered in Seattle, is an undervalued blue-chip technological business (NASDAQ:MSFT). The firm that Bill Gates co-founded continues to achieve fantastic outcomes. Nonetheless, despite its performance, MSFT stock has fallen this year as markets have fluctuated.
At $260 per share, Microsoft’s stock is down 17.1 percent year-to-date and almost 25 percent off its 52-week high of $349.67. The consensus price objective for the stock is $350, indicating a 34% gain from current levels.
In its most recent quarterly report, the business responsible for the Windows operating system and the Xbox video gaming platform posted profits per share of $2.22 as opposed to $2.19, which was expected. They also reported sales of $49.36 billion, compared to the $49.05 billion Wall Street had anticipated.
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Microsoft also said that revenue from its Azure cloud computing service increased by 46 percent during the quarter and issued optimistic projections for the future. The internet behemoth is also in the midst of completing its $68.7 billion purchase of video game developer Activision Blizzard (NASDAQ:ATVI), which will give it the ability to produce video games in-house.
