Why Investors Giving Importance to Currently Weak Stocks Like Microsoft Corporation (NASDAQ:MSFT), Exxon Mobil Corporation (NYSE:XOM) and Johnson & Johnson (NYSE:JNJ)
The recent weakness in the shares of three giants from different sectors including Microsoft Corporation (NASDAQ:MSFT), Exxon Mobil Corporation (NYSE:XOM) And Johnson & Johnson (NYSE:JNJ) was considered a buying opportunity. Investors on Friday perhaps believed these stocks could not stay weak for long and price will reverse. Moreover, it’s important to keep in mind that it’s the long term that really matters to investors.
Net money flow for these stocks was positive as more shares were bought throughout the day on the uptick which means a stock was purchased at a higher price as compared to the downtick. Positive net money flow represents more investors were willing to pay a premium for stocks.
Technology giant Microsoft Corporation (NASDAQ:MSFT) shares edged down on Friday ending the week with a fall of 0.72% but its performance so far in this year was still green at 11.94%. The stock’s latest closing price was just 11.23% below 52 week highs and distance from average of 20 days was -4.62% while 6.65% below SMA50.
Recently the software giant has asked Google Inc (NASDAQ:GOOG) to remove over 500,000 links from its search index last month, new figures published by the search giant have disclosed. Google’s data revealed that the majority of these links direct people to websites selling pirated Microsoft software.
Google has decided to make public the requests and data in an effort to its transparency push around what dictates its search results. The Telegraph reported some of the links which Microsoft asked Google to remove are still present using its own search engine Bing.