$Microsoft(MSFT)$ is my pick as the most resilient of the Tech Stocks. It has a really diversified source of revenue from operating systems, games consoles, cloud computing, PCs, digital advertising and other products.
In its latest earnings report today, Microsoft posted sales of USD51.9 billion, up 12% from the previous quarter. Even though Microsoft suffered its slowest earnings growth in 2 years, it gave an upbeat outlook, causing its share price to rally about 5% up after hours.
Net income for the 3 months through June was USD 16.7 billion.
There is also the USD75 billion acquisition of Activision Blizzard which is currently waiting for approval from the authorities.
Microsoft's cloud business is continuing to grow and accounts for 41% of its revenue.
Microsoft is on my list of conviction stocks to hold long term. Its share price has dropped about 20% this year and that makes it a compelling BUY.
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