Microsoft Corp MSFT:NASDAQ

Last Price$299.84Cboe Real-Time Last Sale as of 3:55PM ET 1/27/22
Cboe Real-Time Quotes
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Today's Change+3.13(1.05%)
Bid (Size)$299.82 (100)
Ask (Size)$299.89 (39)
Day Low / High$297.93 - 306.33
Volume49.7 M

Research Alert: CFRA Raises Opinion On Information Technology To Overweight From Marketweight

9:40AM ET 12/07/2021 MT Newswires
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raised our recommended exposure to the S&P 500 Information Technology sector to overweight from marketweight. We think cyclical sectors will be boosted now that the Omicron-induced sell-off has likely run its course. The pullback in prices resulted in an adjustment in multiples for decelerating tech sector growth in 2022, making the group more attractive relative to other sectors; secular drivers for the tech sector also remain very much intact. Finally, while the sector carries a neutral count of component companies with favorable CFRA STARS rankings versus all stocks in the S&P 500, it sports above-average cap-weighted aggregate CFRA STARS and market-leading relative strength.