MSFT And META Earnings Preview

MSFT (positioning 9 out of 10 on Goldman's desk): All eyes on earnings after the close. Stock has firmly broken out of its 18-month holding pattern, adding $650bn to its cap this year (which now stands just shy of $4T). MSFT is well positioned to capture a number of major secular trends (gen AI, public cloud consumption, SaaS adoption etc) + relatively insulated from tariff considerations,