Don’t waste your time – keep track of how NFP affects the US dollar!

Data Collection Notice

We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.

facebook logo with graphic

Join Us on Facebook

Stay on top of company updates, trading news, and so much more!

Thanks, I already follow your page!
forex book graphic

Beginner Forex Book

Your ultimate guide through the world of trading.

Get Forex Book

Check Your Inbox!

In our email, you will find the Forex 101 book. Just tap the button to get it!

FBS Mobile Personal Area

market's logo FREE - On the App Store

Get

Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.

76.5% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.

Microsoft hit record high

Microsoft hit record high

Information is not investment advice

What happened?

These days, investors’ attention is on Microsoft ahead of the company’s Windows 11 event on June 24. MSFT will uncover the “next generation of Windows”, that’s why the stock price has surged: the tech giant reached the all-time high of $263.50. It is still unclear what the company will release during the event, but investors tend to follow the rule “buy the rumor, sell the fact”.

Forecasts

According to TipRanks, Microsoft currently holds a “Strong Buy” recommendation. According to JPMorgan, the stock price will hit $270 – the lowest price target among other banks. Goldman Sachs set a price target at $340, which is 30% higher than the current levels.

Cloud acquisition

Just to remind you, Microsoft is not only Office 365, it’s a lot more! Think of Xbox and Teams. The company's cloud offerings are Azure infrastructure services, Office 365 productivity software, and Dynamics enterprise software. Besides, Microsoft owns LinkedIn, Skype, OneDrive, and GitHub.                    

Microsoft takes one of the leading positions in cloud computing among Google and Amazon. After the coronavirus outbreak, cloud services become essential for most companies. In 2020, the company introduced Microsoft Cloud for Healthcare. In April 2021, it bought Nuance, a leading provider of artificial intelligence services for healthcare. You can hardly find any more important industries amid the Covid-19 pandemic than cloud computing, AI, and healthcare. It seems that Microsoft is engaged in almost all high-potential industries!

Technical outlook

Microsoft is moving inside the ascending channel. Now, it’s getting closer to the psychological mark of $270.00. It’s unlikely to break it on the first try as the RSI indicator is approaching the 30.0 level, which signals the stock will be soon overbought. However, if Microsoft surprises investors on June 24, it may skyrocket! Keep updated! Support levels are at the low of June 16 at $255.00 and the 100-day moving average of $245.00.

MICROSOFTDaily.png

Don't know how to trade stocks? Here are some simple steps.

  1. First of all, be sure you’ve downloaded FBS Trader app or Metatrader 5. FBS allows you to trade stocks only through this software.
  2. Open an account in FBS Trader or the MT5 account in your personal area.
  3. Log in!

Similar

How to Stay Calm and Trade on Uncertainties

Despite the negative news and worrying headlines, we recommend traders to make mental reframing of the situation. This way, you can look at the market from a different perspective. Let’s observe how you can take advantage of the uncertainties and make the fundamentals work for you!

Popular

Gold isn't saving investors from inflation

Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?

Choose your payment system

Feel the Team Spirit

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later