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Top Stock Picks for the Week of July 30th
Tesla Inc. (TSLA - Free Report) , designs, develops, manufactures, and sells electric vehicles and stationary energy storage products. Over the past month, the Zacks Consensus Estimate for Tesla’s annual earnings has been widening. The company is focusing to grow its energy storage deployment and aims to deploy at least three times of what is deployed in 2017. Tesla is actively undertaking mergers and acquisitions to meet its targets and expand its business. Tesla produced 34,494 vehicles in first-quarter 2018, up 40% sequentially. This happens to be the most productive quarter in the history of Tesla.
Microsoft Corporation (MSFT - Free Report) , is a technology company with a dominant position in the desktop PC market, and server software solutions as well as mobile phone operating systems. The company is benefiting from growing user base of its different applications like Office 365 commercial, Dynamics, Outlook mobile and Teams. Microsoft is one of the three largest providers of gaming hardware. Management execution has been good in recent times. This has helped Microsoft build cash and short term investments balance of $133.8 billion. The company has expected earnings growth of 11.9% for current year. The Zacks Consensus Estimate for the current year has improved by 7.3% over the last 30 days.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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