What's Going On With Microsoft Stock Today?
Portfolio Pulse from Nabaparna Bhattacharya
Microsoft's stock is trading flat in the premarket session. Mizuho analyst Gregg Moskowitz maintains an Outperform rating on Microsoft and raises the price target from $450 to $480. The U.K. Competition and Markets Authority (CMA) is investigating Microsoft's hiring of former Inflection AI employees and related agreements, with a phase 1 decision deadline set for September 11, 2024. The CMA aims to determine if this could lead to a significant reduction in competition within the U.K. markets. Microsoft asserts that hiring talent promotes competition and should not be treated as a merger. MSFT shares are trading higher by 0.04% to $454.15 premarket.
July 16, 2024 | 1:30 pm
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NEUTRAL IMPACT
Microsoft's stock is trading flat in the premarket session. Mizuho analyst Gregg Moskowitz maintains an Outperform rating on Microsoft and raises the price target from $450 to $480. The U.K. Competition and Markets Authority (CMA) is investigating Microsoft's hiring of former Inflection AI employees and related agreements, with a phase 1 decision deadline set for September 11, 2024. Microsoft asserts that hiring talent promotes competition and should not be treated as a merger. MSFT shares are trading higher by 0.04% to $454.15 premarket.
The news includes both positive and potentially negative elements for Microsoft. The positive aspect is the raised price target by Mizuho, which could boost investor confidence. However, the CMA investigation introduces regulatory uncertainty, which could offset some of the positive sentiment. The net effect is likely neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Investors can gain exposure to Microsoft stock via ETF Opportunities Trust T-Rex 2X Long Microsoft Daily Target ETF (BATS:MSFX). The ETF may see minor fluctuations in response to Microsoft's stock performance.
MSFX is directly tied to Microsoft's stock performance. Given the neutral short-term outlook for MSFT, MSFX is also likely to experience minor fluctuations without significant movement.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Investors can gain exposure to Microsoft stock via SPDR Select Sector Fund – Technology (NYSE:XLK). The ETF may see minor fluctuations in response to Microsoft's stock performance.
XLK is a technology sector ETF that includes Microsoft. Given the neutral short-term outlook for MSFT, XLK is also likely to experience minor fluctuations without significant movement.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50