Buy #Microsoft, #Novatek | 26 July 2019

Buy #Microsoft, #Novatek


#Microsoft:


The company pleased investors with positive financial results for the fiscal fourth quarter. Microsoft reported profit of $13.19 billion, or $1.71 a share, up from $8.87 billion, or $1.14 a share, a year ago. Revenue was $33.72 billion, up from $30.09 billion in the year-ago quarter. Investors had forecast earnings of $1.21 a share on revenue of $32.77 billion. Microsoft’s gains in the past two fiscal years have largely come from booming growth for its cloud-computing product, Azure. LinkedIn, Office and other cloud-software products, recorded revenue of $11 billion, up from $9.67 billion in the year-ago quarter. We are expecting the continuation of the bullish rally on Microsoft shares.


Trading recommendation: Buy 136.01 and take profit 138.54.


Buy #Microsoft, #Novatek


#Visa:


The company will publish its financial results on July 23. We are expecting a good report that will positively affect the value of corporate shares. The company operates with an operating margin of 63%. The growth of transaction operations in developed and developing countries will have a positive impact on the company's revenues. The engine of growth will be the economies of the US, India and Vietnam. Visa share prices have increased by 35.7% since the beginning of the year. We’re expecting the positive trend to continue.


Trading recommendation: Buy 180.04 and take profit 183.16.


Buy #Microsoft, #Novatek


#Novatek:


The company will publish its financial results on July 24. NOVATEK’s hydrocarbon production totaled 149.0 million barrels of oil equivalent, including 18.91 billion cubic meters of natural gas and 3,035 thousand tons of liquids in the second quarter 2019. Preliminary second quarter 2019 natural gas sales volumes, including volumes of LNG sold, aggregated 18.74 bcm, representing an increase of 23.7% as compared with the corresponding period in 2018. The company increases the volume of production, which will have a positive impact on the financial results and capitalization of the business.


Trading recommendation: Buy 1285.40 and take profit 1311.20.

 

David Johnson
Analyst of «FreshForex» company
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