Software giant Microsoft rose 1.6% on Monday. The stock is trying to move above a favorable purchasing point at 228.22.
Microsoft shares are also ranked among the IBD Leaders.
Investors will closely follow the growth of Microsoft's cloud computing business Azure. Analysts are expecting a 41.4 percent increase in Azure sales. Microsoft released two new Xbox models in November. Finance Director Amy Hood said the company expects revenue growth of only 40 percent in gaming hardware parts.With the newly released consoles, it is inevitable that Microsoft's GamePass, which has 15 million subscribers as of September and receives a monthly game service fee of $ 10, will increase its subscribers.Analysts expect Microsoft to report fiscal second-quarter sales at $ 40.18 billion and $ 1.64 per share on Tuesday, according to Refinitiv's January 25 IBES data.
Dow Jones Industrial Index: Microsoft
Source: https://www.investors.com/