Followers | 679 |
Posts | 141164 |
Boards Moderated | 36 |
Alias Born | 03/10/2004 |
Wednesday, April 27, 2022 10:43:36 AM
By: Schaeffer's Investment Research | April 27, 2022
• The tech giant attracted a mix of price-target cuts and hikes
• Bulls are blasting MSFT in the options pits today
Microsoft Corporation (NASDAQ:MSFT) is surging today, last seen up 5.5% to trade at $285.38, following the tech name's top- and bottom-line wins for the third-quarter. More specifically, the company reported profits of $2.22 per share on $49.36 billion in revenue, the latter of which represents an 18% year-over-year rise. Also boosting the stock was an upbeat fourth-quarter revenue outlook for Microsoft's productivity, cloud, and personal computing segments.
The brokerage bunch is already chiming in on the results. So far, four firms have cut their price targets on MSFT, with Wedbush lowering its objective to $340 from $375. At least two analysts have gone the opposite route, however, with Citigroup hiking its price target to $364 from $355.
Regardless, analysts remain overwhelmingly optimistic on MSFT, with all 22 in question carrying a "buy" or better rating. Meanwhile, the 12-month consensus target price of $365.67 is a 28% premium to current levels.
Options traders are rushing the equity today. So far, 107,000 calls and 78,000 puts have crossed the tape, which is four times the volume that is typically seen at this point. Most popular is the weekly 4/29 300-srike call, followed by the 290-strike call in the same series.
Though long calls have been outpacing long puts on an overall basis, it is still worth noting the latter have been getting picked up at a much quicker-than-usual pace of late. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), MSFT's 50-day put/call volume ratio of 0.70 sits higher than 92% of readings from the last 12 months. An unwinding of this pessimism may propel shares even higher.
Microsoft stock is today bouncing off a familiar floor at the $270 level, which contained pullbacks in both February and March. Shares are also eyeing their first close above the 10-day moving average in just over three weeks, though they still carry a 14.9% year-to-date deficit.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent MSFT News
- Microsoft announces $3.3 billion investment in Wisconsin to spur artificial intelligence innovation and economic growth • PR Newswire (US) • 05/08/2024 01:45:00 PM
- Meta Platforms Expands AI Ads, Apple Boosts iPhone Shipments, and More Highlights • IH Market News • 05/08/2024 12:27:48 PM
- Microsoft and LinkedIn release the 2024 Work Trend Index on the state of AI at work • PR Newswire (US) • 05/08/2024 12:00:00 PM
- Tesla’s April Sales Down 18% in China, Amazon’s Multi-Billion Dollar Cloud Expansion in Singapore, and More News • IH Market News • 05/07/2024 11:44:00 AM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 05/07/2024 04:15:33 AM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 05/06/2024 08:20:48 PM
- Brookfield and Microsoft Collaborating to Deliver Over 10.5 GW of New Renewable Power Capacity Globally • GlobeNewswire Inc. • 05/01/2024 10:30:00 AM
- Alphabet CEO’s Billion-Dollar Wealth, Microsoft’s $1.7B Indonesia Investment, and More News • IH Market News • 04/30/2024 11:58:40 AM
- Axel Springer et Microsoft élargissent leur partenariat dans les domaines de la publicité, de l'IA, du contenu et des services de Microsoft Azure • PR Newswire (Canada) • 04/29/2024 03:00:00 PM
- Axel Springer and Microsoft expand partnership across advertising, AI, content and Azure services • PR Newswire (Canada) • 04/29/2024 03:00:00 PM
- Axel Springer and Microsoft expand partnership across advertising, AI, content and Azure services • PR Newswire (US) • 04/29/2024 03:00:00 PM
- U.S. Stocks May See Further Upside In Early Trading • IH Market News • 04/29/2024 01:05:53 PM
- Conduent Collaborates with Microsoft on Generative AI to Drive Innovation in Business Process Solutions • Business Wire • 04/29/2024 12:43:00 PM
- U.S. Futures Rise in Pre-Market Trading Amid Key Federal Reserve Meeting and Earnings Week Ahead • IH Market News • 04/29/2024 11:12:54 AM
- Philips Stocks Soar 47% Following US Deal, Tesla Bolsters Presence in China, and More News • IH Market News • 04/29/2024 11:11:24 AM
- U.S. Stocks Rally On Upbeat Tech Earnings • IH Market News • 04/26/2024 08:30:27 PM
- Exxon Mobil Net Profit Drops 28% to $8.22 Billion, Atlassian Surprises with Revenue Boost and Co-CEO Exit, and More in Earnings • IH Market News • 04/26/2024 11:47:51 AM
- U.S. Futures Climb in Pre-Market Trading Amid Tech Gains and Upcoming Inflation Data • IH Market News • 04/26/2024 11:47:25 AM
- The Estée Lauder Companies and Microsoft increase collaboration to power prestige beauty with generative AI • PR Newswire (US) • 04/26/2024 10:00:00 AM
- U.S. Stocks Climb Well Off Worst Levels But Close Mostly Lower • IH Market News • 04/25/2024 08:40:00 PM
- Microsoft earnings press release available on Investor Relations website • PR Newswire (US) • 04/25/2024 08:10:00 PM
- U.S. Futures Drop in Pre-Market Trading as Tech Stocks Plunge After Meta Issues Gloomy Forecast • IH Market News • 04/25/2024 11:53:54 AM
- BHP Bids $38.8 Billion for Anglo American; Biden Unveils Historic Micron Technology Deal, and More News • IH Market News • 04/25/2024 11:48:40 AM
- Coca-Cola and Microsoft Sign Billion-Dollar Agreement, Apple Event Set for May 7, and More News • IH Market News • 04/24/2024 11:28:02 AM
- Stocks Close On Firm Note For 2nd Straight Day On Earnings Hopes • IH Market News • 04/23/2024 09:00:38 PM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM