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Berger: Why I am buying Microsoft ahead of this week’s earnings
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Microsoft, Alphabet and Amazon are all due to report quarterly earnings on Thursday October 22, but of the three Microsoft looks like the most attractive stock to buy, says Serge Berger.
While the stock is up slightly, it has traded mostly sideways in the past 12 months and Berger says it has consolidated its 2013-2014 bull run in a very constructive way.
Even if Microsoft's earnings report was to disappoint, Berger believes any drop in the share price would be limited.
He is looking to buy Microsoft at USD 47.50 and his target for the trade is USD 50.00 with a stop at USD 46.00.