Why the Market Dipped But Microsoft (MSFT) Gained Today

Microsoft closed at $505.41, up 1.97%, outperforming the S&P 500's 0.48% loss. The company is forecasted to report EPS of $4.67 (up 13.08% YoY) and revenue of $90.53 billion (up 16.56% YoY). Microsoft carries a Zacks Rank #3 (Hold) with a Forward P/E of 25.3, trading at a premium to its industry average of 15.78.