2 No-Brainer Tech Stocks to Buy With $1,000
Investing in good companies, and paying reasonable prices to do so, is a winning strategy in the long run. Some companies have enormous competitive advantages and fantastic long-term growth prospects, so paying a premium is often worth it. (NASDAQ: MSFT), dominant in productivity software with massive long-term opportunities in cloud computing and artificial intelligence (AI), is a prime example. Other companies have solid, defensible businesses with rock-bottom valuations. AT (NYSE: T) fits the bill.
While Microsoft and AT are very different stocks, both are worth buying, even if you have as little as $1,000 to invest.
In the past, Microsoft was heavily dependent on the PC. Global PC shipments are crashing as pandemic-era demand dries up, which is hurting the company's PC-centric businesses. In Microsoft's latest quarter, Windows OEM revenue tumbled 28%, consumer Office revenue grew by just 1%, and sales of devices were down 30%.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 150 Buy predictions and 4 Sell predictions.
With a target price of 500 € there is a slightly positive potential of 14.3% for Microsoft Corp. compared to the current price of 437.45 €.
