We're adding to our position in this AI software leader on a post-earnings pullback

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

With the stock market still in oversold territory Monday, we remain on the hunt for stocks of high-quality companies.

We are buying 30 shares of Microsoft , at roughly $322 apiece. Following Monday's trade, Jim Cramer's Charitable Trust will own 230 shares of MSFT, increasing its weighting in the portfolio to 2.61% from 2.27%.

Microsoft remains a clear AI leader through its Azure cloud unit, which harnesses OpenAI's ChatGPT technology. Additionally, management's outlook for flat margins was likely a case of so-called UPOD — under promise, over deliver. This buy will take our cash position to roughly 10% flat, leaving us with plenty of flexibility to put additional money to work should the market move lower from here and the Oscillator become more oversold.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

5 things to know before the stock market opens MondayHere are the most important news items that investors need to start their trading day.
Source: NBCLA - 🏆 319. / 59 Read more »

Jim Cramer's top 10 things to watch in the stock market MondayStocks edge up in premarket trading Monday, following three-consecutive weeks of losses, as the market looks to Nvidia's (NVDA) quarterly report.
Source: CNBC - 🏆 12. / 72 Read more »