Top Stock Picks for Week of March 2, 2020

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Microsoft Corporation MSFT, one of the largest broad-based technology providers in the world. The company dominates the PC software market with more than 80% of the market share for operating systems. Microsoft reported stellar second-quarter fiscal 2020 results. The company is benefiting from robust Commercial business.&nbsp;Latest contract wins from the Department of Defense remain notable. Further, the company is gaining from growing user base of different applications like Office 365 commercial, Dynamics, and Outlook mobile. Markedly, ongoing expansion in Microsoft Teams subscriber base is enabling the company to strengthen its position in the enterprise communication market against Slack and Zoom. Furthermore, the company is well poised to expand total addressable market (TAM) through acquisitions like GitHub and PlayFab. Management execution has been good in recent times. This has helped Microsoft build cash and short term investments balance of $136.6 billion, up from $133.8 billion from the previous quarter. The significant amount of cash provides the flexibility required to pursue any growth strategy, whether by way of acquisitions or otherwise.” data-reactid=”12″>Microsoft Corporation MSFT, one of the largest broad-based technology providers in the world. The company dominates the PC software market with more than 80% of the market share for operating systems. Microsoft reported stellar second-quarter fiscal 2020 results. The company is benefiting from robust Commercial business. Latest contract wins from the Department of Defense remain notable. Further, the company is gaining from growing user base of different applications like Office 365 commercial, Dynamics, and Outlook mobile. Markedly, ongoing expansion in Microsoft Teams subscriber base is enabling the company to strengthen its position in the enterprise communication market against Slack and Zoom. Furthermore, the company is well poised to expand total addressable market (TAM) through acquisitions like GitHub and PlayFab. Management execution has been good in recent times. This has helped Microsoft build cash and short term investments balance of $136.6 billion, up from $133.8 billion from the previous quarter. The significant amount of cash provides the flexibility required to pursue any growth strategy, whether by way of acquisitions or otherwise.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Garmin, Ltd. GRMN, is an original equipment manufacturer (OEM) of navigation and communication equipment that incorporate the global positioning system (GPS)-based technology. Garmin is currently riding on product line expansion. Further, solid momentum across the company’s fitness, marine, outdoor and aviation segments continues to drive its top-line growth. Notably, shares of Garmin have outperformed the industry it belongs to in the past year.&nbsp; We believe strong focus of Garmin on continued innovation, diversification and market expansion to explore growth opportunities in all its segments will continue to aid its business growth.” data-reactid=”13″>Garmin, Ltd. GRMN, is an original equipment manufacturer (OEM) of navigation and communication equipment that incorporate the global positioning system (GPS)-based technology. Garmin is currently riding on product line expansion. Further, solid momentum across the company’s fitness, marine, outdoor and aviation segments continues to drive its top-line growth. Notably, shares of Garmin have outperformed the industry it belongs to in the past year.  We believe strong focus of Garmin on continued innovation, diversification and market expansion to explore growth opportunities in all its segments will continue to aid its business growth.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.&nbsp; &nbsp;

See the pot trades we’re targeting&gt;&gt;&nbsp;” data-reactid=”14″>Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.      

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.   

See the pot trades we’re targeting>> 

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Microsoft Corporation (MSFT) : Free Stock Analysis Report
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Garmin Ltd. (GRMN) : Free Stock Analysis Report
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Zacks Investment Research” data-reactid=”15″>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Microsoft Corporation (MSFT) : Free Stock Analysis Report
 
Garmin Ltd. (GRMN) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research