An Analysis of Microsoft (MSFT) From Sep-Nov 2024
Overview and History
Microsoft was founded by billionaire Bill Gates in 1975. Microsoft is primarily known for Microsoft Windows and Microsoft Office. Microsoft over the years has become one of the largest technology companies in the world and “in January 2024, Microsoft became the most valued publicly traded company” (Wikipedia, 2024).
Current Performance
On September 3rd, 2024, MSFT closed at $417.91/share. On Nov 1st, 2024, MSFT closed at $410.37/share. The overall return was -1.80%.
News and Current Events
Microsoft recently released its earnings report; however, it was not good enough for investors to have faith in the company. In fact, “Microsoft shares fell 6%… and headed for their worst day since Oct 26, 2022, when they dropped 7.7%” (Novet, 2024).
Outlook, Prediction and My Recommendation
Microsoft has been declining in growth in recent years. Although it is staying relatively steady, the company is not experiencing much growth. Microsoft would be a good company to retain monetary value in. However, it is recommended to avoid investing in the foreseeable future.
Sources
Financial data is from Yahoo! Finance
Novet, J. (2024, October 31). Microsoft’s stock has worst day in two years after disappointing forecast. CNBC. https://www.cnbc.com/2024/10/31/microsoft-stock-has-worst-day-in-two-years-on-disappointing-forecast.html
Wikimedia Foundation. (2024c, November 13). History of Microsoft. Wikipedia. https://en.wikipedia.org/wiki/History_of_Microsoft
Featured Image is AI Generated.
