09.06.2020 MSFT Daily Analysis

09.06.2020 MSFT Daily Analysis

On the same day that the Nasdaq marked a new bull market, the U.S. economy was officially declared to be in a recession. The two milestones on Monday illustrate how an 11-week surge in stocks has occurred despite widespread economic devastation fuelled by the coronavirus pandemic. Microsoft, Apple, and Alphabet have outperformed most stocks within the Nasdaq, while Amazon and Facebook have set record highs in recent weeks. Stanley Druckenmiller, an investor, said tech giants Amazon and Microsoft are still among his biggest holdings, but he said he's quite bearish on growth stocks as a group while expectations of the economic reopening boost value stocks. Microsoft is another stock that has surged during the outbreak, jumping 42.5% for 2020 through Friday's close.