09.04.2020 MSFT Daily Analysis

09.04.2020 MSFT Daily Analysis

MSFT is trading at $165.13 (+1.00%). The stock market is recovering due to hopes that coronavirus is reaching its peak and that governments will agree on more stimulus measures to ease the impact of the virus on their economies.  Masayuki Kichikawa, chief macro strategist at Sumitomo Mitsui Asset Management Co. said,  "There are signs that infections are peaking, which is leading to the change in market sentiment. We still need to be very careful, because this is not purely an economic problem. It's more like a natural disaster and, therefore, harder to predict." According to Johns Hopkins University, the US has reported more than 432,000 confirmed cases and 14,700 deaths. In other news, MSFT put out a statement that they will not be coming out with the Surface Neo dual-screen PC which was scheduled to be released in October of this year. Instead, they are focusing on making its Windows 10X operating system for single-screen PCs.