Microsoft (MSFT)

In the last quarter the company has beaten all estimates, both in terms of sales and earnings per share. Azure cloud revenue merely matched analysts’ expectations and the company said it would acquire Activision Blizzard for $68.7 one of the best video game manufacturers. Although a growing dividend and the ongoing stock repurchase program are certainly supportive, in our view, if the shares are already held in a long-term portfolio, we would continue to hold the position. However, we believe market sentiment, especially on technology stocks, has changed and further corrections can be expected. The blue dotted lines indicate precisely the supports of the securities in the short and medium term. At a strategic level, the two green squares indicate our first objective for opening a long-term position.