Microsoft: the right time to short the stock up until July, 16
Show Me the Money! 29 June, 2020, by Vladimir Rojankovski, Chief Analyst, Grand Capital
Microsoft Corp. (MSFT) announced on Friday that it was going to close all of its physical store locations, as part of the software and cloud giant's new approach to retail. The company expects to record a charge of $450 million, or 5 cents a share, during the current fiscal fourth quarter, for asset write offs and impairments. The new approach comes after the company had closed its Microsoft Store locations in late March as a result of the COVID-19 pandemic.
Microsoft shares have been in cheerful mood lately soaring from $138 as of March 20th to almost $200 as of today. Its forward PE ratio is well over 30, and the company haven’t been announcing any breakthrough developments for a while. Bearing in mind all above arguments, it is about the right time to short the stock up until its next earnings date on Thursday, July 16th.
Microsoft Corp. (MSFT) announced on Friday that it was going to close all of its physical store locations, as part of the software and cloud giant's new approach to retail. The company expects to record a charge of $450 million, or 5 cents a share, during the current fiscal fourth quarter, for asset write offs and impairments. The new approach comes after the company had closed its Microsoft Store locations in late March as a result of the COVID-19 pandemic.
Microsoft shares have been in cheerful mood lately soaring from $138 as of March 20th to almost $200 as of today. Its forward PE ratio is well over 30, and the company haven’t been announcing any breakthrough developments for a while. Bearing in mind all above arguments, it is about the right time to short the stock up until its next earnings date on Thursday, July 16th.