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Mike Vinokur's Top Picks for March 31, 2026 [BNN Bloomberg (Canada)]
Last microsoft corporation earnings: 4/29 04:06 pm
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US:NASDAQ Investor Relations: microsoft.com/en-us/investor
Focus: North American large caps MARKET OUTLOOK: Markets are navigating a treacherous mix of credit cycle, war and potential stagflation. Not an easy mix to digest, especially when we are coming off three good years, with valuations that were not necessarily undervalued. We have been expecting a meaningful correction for some time, though admittedly we did not expect war as a catalyst to spark the correction. Earlier this year, we began to raise cash and have been sitting on more than 35 per cent cash in equity model accounts since about Mid-February. Earnings are still growing in North America, however, other parts of the world such as Europe and Asia may feel the effects of the war more acutely, owing to shortages of everything from oil, natural gas, fertilizer and other commodities. The current pullback has opened opportunities for us to deploy our cash now that valuations are coming off their high perch to more reasonable levels, and we believe that we will be seizing the
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