Quote:
Originally Posted by beshannon
I am holding MSFT either way as it is a core position for me and I do not see the earnings moving the stock much either way. It wont drop enough for me to add if they miss and any beat will likely have already been priced in.
I am watching more of the technicals at this point on the market internals. This rally is tired and thin. Many news events could cause swings either way but I would rather see some consolidation at lower levels given the S&P at 3265 we have passed many targets.
https://www.thestreet.com/markets/5-...dnesday-072220 |
MSFT is also a long-term hold for me, so will be staying put as well.
The end of the stimulus and the relations with China are big right now. I think support will continue from the Fed / Congress, it's just a matter of when at this point.