Why Microsoft May Be the Safest Big Tech Stock for Your Portfolio
No matter where you look, headlines about inflation, supply chain issues, potential recession, and more have investors distracted. Despite lingering concerns over economic turbulence, some companies are proving that moving the ball upfield is still very possible.
Microsoft's (NASDAQ: MSFT) fourth-quarter fiscal 2022 results (for the quarter ending June 30) contained several positive tailwinds. While the near-term outlook remains cloudy, investors with a long-term mindset should take a look at Microsoft as a buying opportunity.
While some may harp on Microsoft for missing Wall Street expectations in its fast-growing cloud business, or allow fierce competition from Amazon (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) to dissuade them from a positive outlook, the post-earnings stock bump may signal positive investor sentiment more broadly.
Source Fool.com
