Microsoft Stock Is Near a 1-Year Low. That Could Change on July 29.
Microsoft must deliver on two fronts or risk another sell-off.
Overview
Microsoft (NASDAQ: MSFT) has been a poor stock to own over the past year. It's down nearly 30% from its all-time high, although it was down around 35% at the lows of its sell-off. However, I think that could all change on July 29, when Microsoft reports Q4 earnings, which could kick-start the stock's long-awaited rebound.
Microsoft's stock is undervalued and looks like a great buy right now. If the company reports soaring growth in a few key divisions, that could give the market exactly what it needs to see for a major rally in Microsoft's stock.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.