Top Stock Picks for Week of July 15, 2024

As investors navigate the dynamic market terrain, certain stocks stand out for their promising attributes. This week, we turn our attention to two distinct stocks that warrant special consideration. First, we discuss a Real Estate Investment Trust (REIT) that boasts a robustly diversified portfolio and a track record of surpassing earnings expectations consistently. Second, we examine a retailer who has managed to sprint ahead in the race, far outperforming its industry competitors. These companies have demonstrated resilience and growth, making them top picks for investors looking for solid opportunities.

Microsoft Corporation MSFT

As a behemoth in the tech industry, MSFT needs little introduction. This American multinational technology company creates a vast array of products from computer software and consumer electronics to personal computers and related services. Its widely recognized software products include the Microsoft Windows operating systems and the Microsoft Office suite. The company is also known for its Internet Explorer and Edge web browsers. In terms of hardware, it's esteemed for the Xbox video game consoles and Microsoft Surface personal computers. Having held the title of the largest software maker by revenue in 2016 and ranked No. 21 in the Fortune 500 list in 2020, MSFT is undeniably a seminal force in the U.S. information technology industry.

Alphabet Inc. GOOG

At the forefront as a premier multinational conglomerate, GOOG's Alphabet Inc. is stationed in Mountain View, California. Birthed from a strategic restructuring of Google in 2015, it now stands tall as the parent company encompassing Google and a spate of former Google subsidiaries. Even its founding members persevere as controlling shareholders, board members, and employees. By revenue, Alphabet has cemented its stature as the fourth-largest tech company globally and is heralded as one of the most valuable corporate entities in the world.

Morningstar, Inc. MORN

Turning towards the realm of independent investment research, we find MORN at the helm. Morningstar, Inc. offers its wealth of empirical analyses across continents—ranging from North America to Europe and Asia. Rooted in Chicago, Illinois, the company's commitment to impartial investment research facilities sets the tone for informed investment decisions among market participants.

REIT, Retailer, Earnings