- Microsoft delivered impressive growth during Q1 earnings, starting 2024 off strong.
- The Activision acquisition is expected to be immediately accretive to the company, and is expected to deliver positive growth to the devices segment which was down the last two quarters.
- The stock is up more than 200% and as the company continues to repurchase shares, this may entice MSFT to conduct a stock-split in the foreseeable future.
- Although the stock is up nearly 36% in the last year, it still offers a double-digit upside to its price target.
Introduction
There are some stocks you can hold onto through any situation. Whether it be a recession, inflation, pandemic, or just sour sentiment in the overall market. One that everyone knows and fits the bill is Microsoft (NASDAQ:MSFT). Ask my girlfriend about MSFT, she swears by it. The company only started paying a dividend 20 years ago but has been around for almost four decades. And while many dividend stocks have been hammered over the last year, MSFT has kept on climbing, up nearly 34%, and 17% in the last 6 months. Because of this, it may entice MSFT to split the stock as it has done many times in the past. Many are expecting a recession in the coming months and this stock is the perfect addition if one comes to fruition. It is the perfect blend of dividend growth and capital appreciation, and every investor should consider holding MSFT.
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