Microsoft dominates the desktop PC market, with its operating systems used in the majority of PCs across the world. Microsoft has outperformed the S&P 500 in the year-to-date period (+54.7% vs. +30.2%) and carries a Zacks Rank of #2 (Buy).
Microsoft has been benefiting from strength in its Azure cloud platform as well as rapid global digital transformation. Continuation of remote work due to the pandemic as well as increased adoption of hybrid working models have been supporting Teams’ user growth. The Zacks Consensus Estimate for Microsoft’s current-year earnings has been revised 5.1% upward over the past 90 days. This makes Microsoft a great stock for 2022. $Microsoft(MSFT)$
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