One of the actions that drive the Nasdaq 100 to new heights can be the best option for investors in the sector.
The Nasdaq 100 reached an intraday maximum on Friday and exceeded the 6 000 mark, but did not manage to keep its profits at the end. By far, the biggest draw showed a heavy Microsoft technology.
Despite its weakness on Friday, the stock has a strong growth potential and is now a good bet, according to Kim Forrest, portfolio manager and senior equity analyst at Fort Pitt Capital Group.
The stock is the second largest holding company of QQQ (behind Apple), and One Forrest is personal and for customers.
Microsoft is "starting a business cycle with personal applications moving from this workload to Azure," he wrote in an email to CNBC last week, referring to the company's cloud computing platform.
Last week, Microsoft announced the availability of Amazon Web Services tools for the Microsoft Visual Studio Team Services cloud service. Tools help developers to download content and deploy them from the web service platform. from Amazon. I think it's not possible to address some of MSFT's major clients to stay on the development platform, "he wrote.
The share fell at 1 percent on Friday, at $ 73.94 per share. The Nasdaq Composite reached a record closing on Friday, announcing its best week of the year, as Apple's shares increased by almost 3 per cent a week.
The technology sector recorded the largest weekly income in 15 weeks, according to US strategists in a report sent to customers on Friday.
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