Microsoft Corporation (MSFT)’s Stock on Upside: Jim Cramer

0

Microsoft Corporation (NASDAQ:MSFT)’s stock has been on an upside today. Thought the stock started trading at a lower price that yesterday, it made a quick recovery and it now trading over $45 mark. However few experts see a problem with that sort of growth while others see the company as a growing company.

Microsoft Corporation (NASDAQ:MSFT), Stop Trading, Jim Cramer, is microsoft a good stock to buy

Jim Cramer of CNBC was on “Stop Trading” and he was discussing the sudden rise in the price and he spoke about the job cuts and also about the probability to reflect the upside into results. HE was discussing how few investors are seeing Microsoft Corporation (NASDAQ:MSFT) and they keep seeing positives in the company.

Microsoft Corporation (NASDAQ:MSFT) is set to announce the earnings tomorrow and Cramer said that there would be impact of the recently announced job cuts in the earnings report. The stock is currently on an upside and seems to be that way for some time now.

“We haven’t seen how much exactly is going to translate for earnings next year” Cramer said.

He thinks that the stock should not be seen as a buy anymore. It is interesting that Microsoft Corporation (NASDAQ:MSFT) shares have gained over 20% so far this year and the reason for market to be bullish on the company is because with 18,000 lesser workforce, the company would be fitter to make new growth opportunities. Thought most part of these job cuts would be from Nokia’s handset division, there would also be trimming in the sales and marketing team.

Jeffrey Ubben’s Valueact Capital is One of the major investors in Microsoft Corporation (NASDAQ:MSFT) with over 71 million shares as of March 31st 2014. The other key investors are Boykin Curry’s Eagle Capital Management with approximately 33.2 million shares and Yacktman Asset Management with around 32.9 million shares in the company.

Disclosure: None

Suggested Articles:

Biggest Corporate Scandals

Biggest Fast Food Chains

Share.

Leave A Reply