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Microsoft 'might be the best tech stock in this market,' Jim Cramer says

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Demand for cloud computing services has spiked during the coronavirus outbreak and Microsoft has been a 'huge beneficiary from the lockdowns,' the 'Mad Money' host said.

"Microsoft's stock is a buy. Of course, I'd like it to come down after this gigantic rally, but Microsoft it might be the best tech stock in this market," the "Since reaching a low of $132.52 during Wall Street's slide into a bear market, shares of Microsoft have rallied more than 20% to $160.23 as of Monday's close.

Windows Virtual Desktop and Power BI traffic usage were also up. The data was released amid the exodus of employees from offices and students from classrooms to remote work and learning environments in efforts to help slow the spread of COVID-19.

 

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Microsoft will ride this thing out, solid, and at times like these solid is important ✌️👍

GatesFoundation

Look to instructional design LMS systems companies. Blackboard, Desire2Learn, et al.

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Bet on these tech stocks to bounce back after coronavirus pandemic, says Morgan StanleyA handful of tech companies will emerge from the COVID-19 pandemic stronger, while investors should expect other businesses to weaken, according to a research note from Morgan Stanley.
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