Why This Asset Manager Says There Are Better Growth Prospects Than Microsoft
Todd Schoenberger was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick.
J. Streicher Asset Management President Todd Schoenberger discussed Microsoft Corporation (NASDAQ: MSFT) on the show.
Schoenberger said that Microsoft was “stale” and similar to a “utility company.” Even though Microsoft was stable, there were “better growth prospects” available to investors.
“What you’re missing out on is opportunity elsewhere,” according to Schoenberger, who went on to mention companies like Amazon.com, Inc. (NASDAQ: AMZN) and Apple Inc (NASDAQ: AAPL) for better growth.
Schoenberger noted that one of Microsoft’s challenges is that it does not create innovative hardware, however, some investors might prefer it if they are interested in stability over growth.
Microsoft closed at $48.03, up 0.33 percent.
Listen to the show here:
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