Microsoft Corporation MSFT shares are trading higher by 0.99% to $249.68 during Tuesday's trading session in anticipation of the company's first-quarter earnings report.
According to analyst consensus estimates, Microsoft is expected to report revenue of $49.84 billion on EPS of $2.32.
What Else?
On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that trading on Microsoft on Monday implied a move of about 5.4% by the end of the week. This is higher than the average 3.9% in the last eight reported quarters, he added...Read More
The broader market, including major indices, are also higher as investors react to recent quarterly earnings reports from U.S. companies and assess the possibility of future Fed policy changes.
See Also: What's Going On With Lucid Stock Today
How To Trade Microsoft Stock Before And After Q1 Earnings
From a technical analysis perspective, Microsoft’s stock looks set to rise over the coming days, but is due for a slight pullback. It should be noted that holding stocks or options over an earnings print is akin to gambling because stocks can react bullishly to an earnings miss and bearishly to an earnings beat...Read More
According to data from Benzinga Pro, Microsoft has a 52-week high of $349.67 and a 52-week low of $219.13.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.