July 31, 2024

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Bounce From Oversold

Please click here for a chart of Microsoft stock (MSFT).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of MSFT stock is being used to illustrate the point.
• The chart shows the drop in Microsoft stock after reporting earnings.  The drop was due to Azure growth coming less than expected.  Azure grew by 29% vs. 30% consensus and 31% whisper numbers.  On the surface 1% – 2% may not seem important until attention is paid to Microsoft’s valuation which is priced for perfection.