of the technology industry, is having a tough time keeping up with the recent rebound in the biggest US megacap stocks.
Microsoft’s recent acquisitions might be crimping its shares as Microsoft dips into its cash reserves Microsoft’s recent acquisitions — a $19.6-billion deal for Nuance Communications and a $68.7-billion bid for— also might be crimping its shares as Microsoft dips into its cash reserves, while also facing regulatory scrutiny.
“The outlook for Microsoft is outstanding, and overall we’re seeing very solid growth compared with what I would have told you was possible three years ago,” said Pat Burton, co-portfolio manager of the $13.9-billion MainStay Winslow Large Cap Growth Fund, which has Microsoft as its largest holding.Amazon.com got its first sell rating since 2020 as BNP Paribas Exane analyst Stefan Slowinski initiated coverage of the e-commerce giant with an underperform rating.
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