Why Microsoft will hit new highs !

Microsoft's upcoming earnings report on Tuesday, July 30, is highly anticipated, with analysts projecting a strong performance. According to Visible Alpha, the company is expected to report a revenue of $64.37 billion, marking a 14.6% increase over the same period last year. The net income is forecasted to be $21.88 billion, or $2.93 per share, representing a 9.3% rise from the previous fiscal fourth quarter.

Microsoft has consistently demonstrated robust financial health, with its cloud computing division, Azure, playing a pivotal role in driving revenue growth. Additionally, the company's diversified portfolio, including productivity software, gaming, and hardware, continues to solidify its market position.

### Support and Resistance Levels

**Support Levels:**

1. **$380**: This level has shown to be a strong support, reflecting investors' confidence in Microsoft's long-term growth.

2. **$400**: A psychological level, as round numbers often act as support due to investor sentiment.

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**Resistance Levels:**

1. **$420**: The stock has faced resistance around this level in the past, indicating some hesitation among investors.

2. **$430**: This is the target price, where breaking above this level could signal a strong bullish trend.

### Is Microsoft at $430 a Buy?

Microsoft at $430 could be considered a buy for several reasons:

1. **Strong Financial Performance**: The projected revenue and net income growth indicate a healthy upward trajectory.

2. **Cloud Dominance**: Azure continues to be a major growth driver, with increasing market share in the cloud computing sector.

3. **Diversification**: Microsoft's broad product and service range, including its ventures into AI and gaming, provides multiple revenue streams.

4. **Market Conditions**: Given the broader market trends and the potential for a tech sector rebound, Microsoft is well-positioned to lead this

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# Microsoft Increased Dividend: Is the Greatest Pick?

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  • Potential breakout
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  • quixi
    ·07-31
    New highs ahead
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