Keep an eye on Microsoft (MSFT), where weakness could be a great opportunity.
After dropping from $385, it’s been consolidating around $371.30. From here, we’d like to see it revisit that former higher shortly. Helping, it looks like Cathie Wood just raised her firm’s stake in MSFT, adding to her bests on companies tied to artificial intelligence.
As noted by Bloomberg, “Ark Next Generation Internet ETF, which has beaten the Nasdaq 100 Index this year, bought 8,810 shares of the company on Monday — the first addition of the stock since March 20, according to Ark Investment Management LLC’s daily trading data.”