Microsoft is a buy into earnings even as it nears all-time high, two traders say

Goldman Sachs, Evercore ISI and Morgan Stanley secured Microsoft's place in Wall Street's good graces last week, with Goldman initiating coverage of the stock as a buy, Evercore adding it to its tactical outperform list and Morgan Stanley calling it its top recovery pick.

The technology giant's run does appear to have significant runway, two traders said Friday as the stock neared all-time highs. While Shay is long Microsoft's stock, those who aren't invested could get a chance to buy it after the company's earnings report on Tuesday afternoon, she said.

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