Since hitting a record back in July and then selling off, shares of tech titan Microsoft Corp. (NASDAQ: MSFT) have been a bit slower than others in getting back to highs. For context, the benchmark S&P 500 index was hitting fresh highs by the middle of September and, as recently as Monday, was closing at a new record.
Confirmation from the Fed that they're going to start cutting rates and continuing signs that inflation is cooling have combined to re-ignite the risk-on sentiment that controlled stocks for much of the first six months of the year. Against the S&P 500's 12% gain from its August lows, Microsoft has tacked on as much as 14%, but a week of losses means it's holding on to less than 10% of them right now.
However, despite what appears to be this lackluster performance, there are several reasons to think that Microsoft is a solid buy right now and that any further selling will only boost its risk/reward profile. Let's jump in and take a look.
Microsoft's Fundamental Performance
To start with, let's look at Microsoft's fundamental performance. It's worth pointing out that Microsoft's most recent earnings report had a lot to do not only with its stock's selloff in August ...
