Investing.com - Microsoft Corporation (NASDAQ:MSFT) marked a new high during the first trading day of the second half of the year.
On July 1, the tech giant's shares peaked at a record value of $457.37. While they didn't maintain this price by the close of the day, they still ended with a gain of 2.19%, closing at $456.73.
This achievement has kept Microsoft, under the leadership of Satya Nadella, as the highest market capitalisation company in the world, edging closer to a staggering $3.4 trillion, surpassing close competitors Apple Inc (NASDAQ:AAPL) and NVIDIA Corporation (NASDAQ:NVDA).
With this surge, Microsoft continues its upward streak after a gain of 7.67% in June. It's important to note that while Microsoft investors have enjoyed a good return on this stock, the potential for earnings could be even greater if integrated into a proven investment strategy to beat major benchmarks.
If you are a subscriber of InvestingPro, you would already know that Microsoft is part of one of the exclusive ProPicks strategies.
ProPicks strategies are AI-driven stock picks that detect stocks capable of delivering gains superior to the market's benchmark indices. You can gain access to ProPicks by subscribing to InvestingPro at a special discount via this link.
The "Dominate the Dow" selection comprises the top 10 stocks of the Dow Jones, which are verified monthly by our powerful AI. This strategy includes stocks that, in June, managed to surpass Microsoft's gains: three of them even rose more than 9.5%; in contrast, the Dow Jones Industrial Average only saw a gain of 1.12% last month.
Discover all the stocks that make up the "Dominate the Dow" strategy via this link.
If you are not an InvestingPro subscriber, now is the right time as the ProPicks strategies have recently been rebalanced. So, if you act quickly by subscribing via this link, you will have the opportunity to generate explosive gains, far superior to the market average.
InvestingPro alerted its subscribers about Microsoft's potential since the launch of ProPicks in October last year. Since then, the tech giant's shares have risen by more than 44%.
Through a "backtesting" analysis, it's possible to observe that in the period between January 1, 2013, and June 1, 2024, "Dominate the Index" has delivered an explosive return of 647.8%, outperforming the Dow Jones Industrial Average's return of 198.5% by almost 450%.
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Should you invest $1,000 in MSFT right now?
Before buying MSFT shares, consider the following: Investing.com's ProPicks offers investors 6 easy-to-follow model portfolios to build wealth by identifying the stock market's top winners.
More than 130,000 subscribers trust ProPicks to find new stocks to buy, thanks to artificial intelligence.
ProPicks' algorithm has just identified the best stocks investors can buy right now.
The selected stocks could generate enormous profits in the coming years. Is MSFT one of them?