One Computer and Technology Stock That Could Enhance Your Portfolio

As a beginner investor, creating a portfolio from scratch can seem like an overwhelming task. However, by focusing on stocks that are poised to outperform the market in the next 12 months, investors can simplify this process and potentially generate strong returns.

One such stock that stands out as a potential addition to your portfolio is Microsoft (MSFT). With its significant market share for desktop operating systems and dominance in the PC software market globally, Microsoft is one of the largest technology providers in the world.

Analysts have been bullish on MSFT for quite some time now. The stock was added to the Zacks Focus List in early 2016, and since then, it has seen significant growth. Furthermore, analysts have revised their earnings estimates upwards for fiscal 2024, with earnings expected to grow by 18.6% for the current fiscal year. This positive outlook for earnings can drive stock price momentum.

By investing in a stock like MSFT, you could potentially benefit from future increases in earnings estimates, leading to price appreciation. It’s essential to keep an eye on recommendations from research firms like Zacks Investment Research to stay informed about opportunities in the market.

By Sophia Gonzalez

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