This giant tech company beat analysts’ estimates by $0.09 per share last quarter. Wall Street is forecasting annual growth of around 11% for the company in the next five years.
Microsoft Corporation (MSFT)
From Internet Wealth Builder
Just as Tesla is synonymous with electric vehicles, so Bitcoin is to blockchain technology. But blockchain is far more than an artificial currency.
The technology creates a public record of transactions so that everyone who uses the software can see the same information. In theory, this means transactions are transparent and can’t be tampered with, though there isn’t any regulatory oversight, and nobody “owns” it, so you have to trust that it works.
Because the transactions are shared across an open network companies can track the movement of goods and settle transactions faster and more cheaply. While the concept has created a lot of excitement, at this point most companies are stories in search of a business, not dissimilar to the dotcom boom of the late 1990s. Blockchain holds promise for companies in banking, insurance, healthcare, and food safety.
Some companies involved: If you want to avoid startups and early stage players, Nvidia makes the graphic cards which are used for the algorithm.
Microsoft (NDQ: MSFT), which is seeing sustained growth in its cloud storage business, is working on a number of initiatives where data is remotely maintained, managed, and backed up. It has a partnership with Maersk, the Danish shipping firm, to develop a cloud-based technology for marine insurance that involves an open, shared ledger. The ledger captures information about the movement of containers offering a more accurate assessment of the risk and therefore the cost of insuring the goods. Microsoft has another initiative where it is developing software for low-cost drones to help farmers gather data that will help improve the yield of their crops.
It’s a great brand, has deep pockets, and excellent prospects.
Adam Mayers in Gordon Pape’s Internet Wealth Builder, www.buildingwealth.ca, 1-888- 287-8229, April 9, 2018