Two stocks to watch: week 3, 2024

ExnessOfficial

Exness Representative
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As week 3 progresses, two huge tech companies are already showing opportunities for stock traders. Let’s take a deep dive into Microsoft Corporation and Netflix, Inc.

Microsoft Corporation (MSFT)​

Microsoft Corporation saw its share price experience some gains in the last quarter of the year, with the majority of the bullish rally happening in November. The company’s earnings report for the fiscal quarter ending December 2023 is expected to be released on Tuesday, January 23rd. The consensus EPS is $2.75 (USD), compared to $2.32 for the same quarter last year.

As of Friday, January 12, Microsoft surpassed Apple as the world’s most valuable company by market cap, valued at $2.89 trillion versus Apple’s $2.88 trillion. Microsoft’s stock has been boosted by the optimism of a $10 billion investment in OpenAI. Meanwhile, Apple has struggled amid legal troubles, slowing demand for electronics, and more.

Microsoft also displays a solid financial image, as one would expect from the tech giant. As of September 30, 2023, the total assets grew by around 24% year over year, while the current ratio is at around 166%, showing the company’s ability to overcome any short-term turmoil.

Follow this link for more: https://bit.ly/3ZjNVsO
 
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