Posted on 03/27/2018 6:55:02 AM PDT by SeekAndFind
The Dow surged 669 points on Monday after trade tensions eased, erasing the drops from last week.
Tech stocks like Amazon and Apple saw gains, but the biggest winner of all was Microsoft .
The Seattle tech giant, which is a Dow 30 company, benefitted not only from the solid stock market day, but also because a Morgan Stanley analyst had kind things to say about it.
Keith Weiss wrote in a note to clients that he's raising his 12-month price target to $130, an almost 50% increase from the $90 shares traded at last week. This would give the company a market cap of $1 trillion.
He's particularly bullish on Microsoft's cloud business. He believes that it will continue to do well, despite competition from Amazon and Google. He also likes the Office 365 software.
The race to $1 trillion has been talked about for several years. Apple is currently in the lead with a market cap of $877 billion. Amazon is at $753 billion. Alphabet is at $731 billion. And After Monday's strong day of trading, Microsoft is nearing it at $722 billion.
(Excerpt) Read more at finance.yahoo.com ...
Temporarily self-fulfilling prophecy.
This reminds me of Captain Picard saying, “Make it so.”
It also reminds me of the day in 1999 or 2000, when a well-known analyst of the day said Qualcomm was going to 800 (or maybe 1000). That was the ringing of the bell.
Although, the situations are not equivalent.
Just wait until Windows 10 starts it’s monthly subscription
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