A Name to Count on in an Uncertain Environment, Says Morgan Stanley - BitcoinEthereumNews.com
KabuhayanIsang Pangalan na Dapat Asahan sa Hindi Siguradong Kapaligiran, Sabi ni Morgan Stanley04 / 14 / 2022Balita ng Ethereum ng Bitcoin Even the stock market‘s most prominent names are suffering in 2022’s unhospitable environment. Take Microsoft (MSFT) for example, whose shares show a year-to-date uncharacteristic 14% decline. That said, to be able to withstand the shaky macro climate, Morgan Stanleys Keith Weiss thinks few are as well-positioned as Microsoft to do so. “Microsoft continues to represent a rare combination of strong secular positioning and reasonable profitability-based valuation within the software space,” explained the 5-star analyst. “Leadership across key growth categories and CIOs indications of stable Enterprise IT spending into CY22 should help offset impacts of a volatile macro environment.” Weiss notes that even in today‘s uncertain surroundings, the software spending environment as a whole “remains strong,” and following on from the banking firm’s recent CIO survey, the analysts takeaway is that Microsoft still boasts “strong positioning across key growth and defensible spending categories.” Yes, there are headwinds. Weiss counts global macro uncertainties, a modestly higher FX impact than provided with the guidance and Windows OEM “growth normalization” as ones impacting performance, yet also stresses that the “combined impact should be limited.” Not to mention, the company