Microsoft Corporation (MSFT - Free Report) , one of the largest broad-based technology providers in the world. The company dominates the PC software market with more than 80% of the market share for operating systems. Microsoft reported stellar second-quarter fiscal 2020 results. The company is benefiting from robust Commercial business. Latest contract wins from the Department of Defense remain notable. Further, the company is gaining from growing user base of different applications like Office 365 commercial, Dynamics, and Outlook mobile. Markedly, ongoing expansion in Microsoft Teams subscriber base is enabling the company to strengthen its position in the enterprise communication market against Slack and Zoom. Furthermore, the company is well poised to expand total addressable market (TAM) through acquisitions like GitHub and PlayFab. Management execution has been good in recent times. This has helped Microsoft build cash and short term investments balance of $136.6 billion, up from $133.8 billion from the previous quarter. The significant amount of cash provides the flexibility required to pursue any growth strategy, whether by way of acquisitions or otherwise.
Garmin, Ltd. (GRMN - Free Report) , is an original equipment manufacturer (OEM) of navigation and communication equipment that incorporate the global positioning system (GPS)-based technology. Garmin is currently riding on product line expansion. Further, solid momentum across the company’s fitness, marine, outdoor and aviation segments continues to drive its top-line growth. Notably, shares of Garmin have outperformed the industry it belongs to in the past year. We believe strong focus of Garmin on continued innovation, diversification and market expansion to explore growth opportunities in all its segments will continue to aid its business growth.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Microsoft Corporation (MSFT - Free Report) , one of the largest broad-based technology providers in the world. The company dominates the PC software market with more than 80% of the market share for operating systems. Microsoft reported stellar second-quarter fiscal 2020 results. The company is benefiting from robust Commercial business. Latest contract wins from the Department of Defense remain notable. Further, the company is gaining from growing user base of different applications like Office 365 commercial, Dynamics, and Outlook mobile. Markedly, ongoing expansion in Microsoft Teams subscriber base is enabling the company to strengthen its position in the enterprise communication market against Slack and Zoom. Furthermore, the company is well poised to expand total addressable market (TAM) through acquisitions like GitHub and PlayFab. Management execution has been good in recent times. This has helped Microsoft build cash and short term investments balance of $136.6 billion, up from $133.8 billion from the previous quarter. The significant amount of cash provides the flexibility required to pursue any growth strategy, whether by way of acquisitions or otherwise.
Garmin, Ltd. (GRMN - Free Report) , is an original equipment manufacturer (OEM) of navigation and communication equipment that incorporate the global positioning system (GPS)-based technology. Garmin is currently riding on product line expansion. Further, solid momentum across the company’s fitness, marine, outdoor and aviation segments continues to drive its top-line growth. Notably, shares of Garmin have outperformed the industry it belongs to in the past year. We believe strong focus of Garmin on continued innovation, diversification and market expansion to explore growth opportunities in all its segments will continue to aid its business growth.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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