Is this a great time to buy Microsoft stocks?
Microsoft is entering a strong time of year. Over the last 10 years, the stock has risen 9 times between April 14 and April 27. The largest return was +15.32% in 2015. The largest loss was -7.98% in 2016. The average return has been +4.35% over the last 10 years and the annualised return has been an impressive +243.87%. Time to buy ahead of earnings season as tech stocks have seen strong gains during COVID-19 lockdowns?
Microsoft Corporation is an American multinational technology company with headquarters in Redmond, Washington. It develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services.
- There is a growing risk that investors consider equity markets overbought and that could see a correction. It is hard to know when that correction will come, but investors need to be aware of the potential risk.
- There is an upside risk that another break out of COVID-19 could speed up further growth from tech stocks.