Buy Apple, Microsoft shares – Barron’s

NEW YORK, July 25 (BestGrowthStock) – Shares of tech giant Apple
Inc (AAPL.O: ) and software company Microsoft Corp (MSFT.O: ) are
still worth buying, Barron’s said in its July 26 edition.

Despite the tepid margin outlook for the current quarter
and the fact that Apple’s stock has nearly tripled over the
past 18 months, Apple shares are still attractive, the
financial newspaper reported.

“Apple remains the best growth story anywhere, it really
isn’t expensive, the economic downturn didn’t slow it one iota
and it deserves a place in every tech portfolio,” Barron’s said
in its “Technology Trader” column.

The newspaper recommended shares of Microsoft, citing its
“blowout” results in the latest quarter and its upcoming
initiatives, including the roll-out of the first smartphone
using the new Windows Phone 7 OS, and the debut of Kinect, the
new hands-free interface for the Xbox 360 game console.

Like Apple, Microsoft has an enormous cash pile, the
newspaper pointed out, adding that Microsoft’s shares are
“super cheap.”

At around $26, Microsoft stock trades for just 11 times the
Street consensus forecast for the June 2011 fiscal year, a
consensus number that seems destined to rise, the paper said.

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(Reporting by Dhanya Skariachan, editing by Maureen Bavdek)

Buy Apple, Microsoft shares – Barron’s