$Microsoft(MSFT)$ I remain bullish in the strength of MSFT's enterprise business, together with their cloud services. Besides MSFT, even Google doesn't have the ability to convince corporates to migrate wholly to their ecosystem. The lowest point for the stock was at USD 213. Now it has picked up to USD 247. It's PE ratio currently sits at around 26, looks quite fairly valued for a blue chip technology company. Further, the stock has dipped by close to 30% year to date.
I think towards the end of this year we could see a "Santa rally". But this recent rally could just be over-optimism on the US inflation print. Other headwinds include tech layoffs and cutting capex. I don't know where the market is going to go, but I do know this is a good stock to load especially in a bear market. Perhaps I could gradually sell puts and hope to get assigned on the stock.
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