Stock

Should you buy Apple or Microsoft stock ahead of earnings?

Apple Inc (NASDAQ: AAPL) and Microsoft Corporation (NASDAQ: MSFT) are set to report their quarterly results next week. Ahead of earnings, Delano Saporu says both stocks are worth buying.  

Why Saporu likes Apple Inc stock

Apple is down roughly 10% for the year and with $200 billion in cash on its balance sheet, Saporu dubs it a reasonable buy. Speaking with CNBC’s Kelly Evans on “The Exchange”, the CEO of New Street Advisors said:

They’re using the cash to invest. Apple TV is a big area of investment. There’s reportedly a bid for the NFL Sunday ticket, which is big for subscribers. So, I do think Apple is still a strong case here. I’m still buying and still holding it.

Dividend, buyback, and a record revenue last quarter despite supply constraints were among other reasons why he continues to be bullish on Apple Inc.

Saporu’s bull case for Microsoft Corporation

As for Microsoft Corporation, it’s the multinational’s push into cloud that interests Saporu. Another reason that he likes MSFT is sizable investment in gaming. He noted:

I think one, you’re seeing the metaverse play. But this ATVI acquisition is huge in the sense of how they’re going to use that to publish different games. That’s a big area that I’m looking at and I still Microsoft here.

Microsoft, at present, is down more than 15% year-to-date. Last month, Nuveen’s Saira Malik also said this big tech stock was on sale.

The post Should you buy Apple or Microsoft stock ahead of earnings? appeared first on Invezz.

Disclaimer: MonopolyWinnersUpdates.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 MonopolyWinnersUpdates.com. All Rights Reserved.

To Top