April 6, 2024, 7:27 a.m.
2087

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Brief news summary

Microsoft (MSFT), ServiceNow (NOW), Martin Marietta Materials (MLM), XPO (XPO), and Axon Enterprise (AXON) are leading the watch list of stocks near buy points. Both MSFT and AXON have a top-notch 99 IBD Composite Rating. Microsoft is also part of the flagship IBD 50 list and the Long-Term Leaders list. ServiceNow is experiencing success with its cloud-based software platform, while Martin Marietta is benefiting from recent industry pricing power. XPO is capitalizing on the opportunities in the logistics industry, and Axon is focused on innovation for law enforcement. The upcoming week's inflation data could have an impact on the current rally.

Microsoft (MSFT), ServiceNow (NOW), Martin Marietta Materials (MLM), XPO (XPO), and Axon Enterprise (AXON) are five stocks near buy points. ServiceNow and Axon have a top 1% IBD Composite Rating. Microsoft is part of the IBD 50 list and the Long-Term Leaders list. Key inflation data next week could impact the current rally. Jefferies analyst Brent Thill named Microsoft as the biggest winner among AI stocks.

ServiceNow launched a successful product called Pro Plus. Martin Marietta is benefiting from recent industry pricing power. XPO is experiencing revenue growth and has an opportunity for a cyclical volume recovery. Axon has shown strong earnings growth and innovation in law enforcement technology.


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