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Microsoft looks up as Rubrik set to deliver Q2 earnings after close

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Microsoft (MSFT), the third-largest holding in the Dow Jones Industrial Average (DJIA), is leading the index higher on Monday as one of its premier investments, Rubrik (RBRK), is set to unveil second-quarter earnings.

Rubrik will release Q2 earnings after close on September 9. This is only the second quarter that Rubrik has posted results as a public company. Piper Sandler has calledRBRK a top idea and presented it with a $42 price target. Microsoft stands tobenefit due to its financial stake in Rubrik and its corporate partnerships.

find fortitude in April and the early August rout. Below there is another band of support from December 2023 in the low $360s. The Moving Average Convergence Divergence has just crossedover into a bearish sequence, so bulls will likely stay away until a period of consolidation is met. daily stock chart

 

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