The investment legend is famous for being bearish. But he might be right this time.
Microsoft (NASDAQ: MSFT) will release its fiscal 2022 first-quarter earnings report on Tuesday, Oct. 26, and investors will be looking forward to another solid set of results from the company that has turned out to be a rewarding investment so far this year. The top-line forecast is within Microsoft's guidance of $43.3 billion to $44.2 billion, so the company looks well placed to satisfy Wall Street's expectations on that front. Let's look at the reasons why the Xbox gaming consoles could move the needle in a big way for Microsoft and play an important role in the long-term growth.
Shares of DLocal Limited (NASDAQ: DLO) dropped 22.4% in value week to date as of 2:54 p.m. EDT on Friday, according to data provided by S&P Global Market Intelligence. A few days later, it announced pricing for a secondary offering of common shares, which the market seemed to take as a sign that the stock's valuation is getting frothy. While the offering of 17 million shares could infuse DLocal with nearly $1 billion in cash that it could use to reinvest in growth, the stock sells for a high price-to-sales ratio of 102 even after this week's slide in the share price.