Hey Trader, Today, we have another round of trading news and information from our top analysts here at Traders Agency. And of course, our Trade of the Day. |
Stocks: Stocks moved higher into the weekend as traders went risk-on and the bulls took over. Bonds: Longer-term Treasury issues went up in price and down in yield while shorter-term issues were down in price and up in yield. This show resumed confidence in the bond market.Commodities: Commodities traded up from energy to metals to agriculture with risk-on sentiment. Digital Currencies: Digital currencies were up big, tracking the movement of stocks.Data Check: Household net worth was up as housing assets overcame stocks. Before we get to our Trade of the Day, head on over to the Traders Agency YouTube channel for breaking market news, live trading sessions, educational videos and much, much more! Click here now to subscribe! |
Microsoft Corporation Traders are going risk-on, and tech stocks are leading the buying. And the stock leading the tech pack is Microsoft Corporation (MSFT). This stock is typically on the top of the list of holdings of tech ETFs and funds. And with risk-on stock traders pushing tech to perform again, that makes Microsoft Corporation a great Trade of the Day.
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Microsoft Company Price -- Source: TradingView |
With the current price at $264.38, MSFT is a buy under $270.00 with a near-term target of $343.00 and even more beyond that. And for safety, consider a stop at $257.00. Now, on to the best of Traders Agency… |
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Thank you for reading Beyond The Trade! Look for much, much more every day the markets are open. You’ll get further updates on all that is going on to make your job as a trader all the more profitable and better informed. I’ll also continue to provide updates on the stock ideas I bring to you in Beyond The Trade. To provide feedback, suggestions and questions, feel free to email me directly at neilgeorge@tradersagency.com. Your friends, Beyond The Trade |
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