00:13:52 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Microsoft CDR (CAD Hedged)
Symbol MSFT
Shares Issued 10,950,000
Close 2023-11-09 C$ 26.75
Market Cap C$ 292,912,500
Recent Sedar Documents

FP/wire say Microsoft seen "executing extremely well"

2023-11-10 08:14 ET - In the News

The Financial Post reports in its Friday, Nov. 10, edition that Microsoft is king of the so-called Magnificent Seven. A Bloomberg dispatch to the Post reports that Microsoft closed at a record high on Nov. 8. The rally in Big Tech has helped add about $1.5-trillion (U.S.) in market value to the Nasdaq 100 in recent days, suggesting a period of skepticism surrounding the pricey market leaders may be ending. Janus Henderson Investors porfolio manager Jonathan Cofsky says: "When it comes to what you want to see, Microsoft checks the most boxes, and checks them the most emphatically. It has a resilient business model, it is executing extremely well, it is a clear winner in AI, and overall, it has the most secular tailwinds and fewer secular risks than other companies." Microsoft had risen for nine straight sessions as of Wednesday, its longest streak in about four years. Shares have gained 15 per cent since the end of September, making them the top performer among the seven megacaps that have powered the market's gain this year. The advance has resulted in a market capitalization of $2.7-trillion (U.S.), not far from Apple, which at $2.84-trillion (U.S.) is the biggest public company.

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