Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, July 14, 2023

Article Excerpt

MICROSOFT CORP., $345.57, Nasdaq symbol MSFT, is a buy for aggressive investors. The company is the world’s largest computer software firm. Its main product is the Windows operating system, which powers about 85% of the world’s personal computers. Its other main product—its Office suite, with its word processor (Word), spreadsheets (Excel) and slide presentations (PowerPoint)—controls over half of its market. In January 2022, Microsoft agreed to acquire Activision Blizzard Inc. (Nasdaq symbol ATVI) for $75.0 billion (or $69 billion if you account for Activision’s cash balances). To put that in context, Microsoft’s market cap (the total value of all outstanding shares) is $2.6 trillion. Activision is a leading developer of videogames for consoles, personal computers and mobile devices. Its top game titles include World of Warcraft, Call of Duty, Diablo, Candy Crush and Overwatch. This week, a judge rejected the U.S. Federal Trade Commission’s (FTC) attempt to block the deal on anti-trust grounds. Microsoft owns the popular Xbox video game console, and the takeover would give it about two-thirds of the…