Morgan Stanley Sees Opportunity In Under-Owned Microsoft, Apple Stocks

Morgan Stanley has identified Microsoft as the least owned among major tech stocks in institutional portfolios. According to CNBC Pro, this under-representation suggests a potential for a rebound, as stocks often rise when ownership lags behind their S&P 500 weighting. By the third quarter, the gap for Microsoft stood at 2.08%, highlighting significant room for recovery. Despite being up 10% this year, the stock has underperformed the broader market, which has surged nearly 24% in 2024.