Fast Money

Monday - Friday, 5:00 - 6:00 PM ET
Fast Money

Stock Of The Day: Microsoft


Shares of Microsoft have surged a whopping 14% over the last month. How should you play Mr. Softee now?

As we told you back on Tuesday June 16th Microsoft may be setting up nicely. At the time Jefferies raised its price target on the software maker to $26 from $22 and recommended it as a buy ahead of a possibly large, rapid corporate PC upgrade cycle starting in late 2010.

Take Your Position

Jefferies said it expects customers to upgrade directly from the Windows XP operating system to Windows 7 starting in 2010 as Microsoft ended support for Windows XP in April.

And Jim Goldman, CNBC's Silicon Valley Bureau Chief, added that Microsoft's new Bing search engine should also provide a tailwind for the company.

But is it all priced in now?

I don’t think so, says Brendan Barnicle of Pacific Crest Securities. Windows 7 is probably not baked in. And in terms of Microsoft’s Bing search engine, I think they’ve got something there.

Stock of the Day

Got something to to say? Send us an e-mail at and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to .

Trader disclosure: On June 29th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (C), (GS), (BTU), (AGU), (INTC), (MSFT), (NUE); Seymour Owns (AA), (AAPL), (BAC), (BX), (EEM), (FXI), (INFY); Seymour's Firm Owns (QCOM), (NOK), (EEM); Terranova Owns (TER), (RIMM), (MSFT), (XBI), (MS), (ABT); Finerman Owns (RIG), (ELX); Finerman's Firm Own (NOK), (PBR), (RIG), (TBT), (ELX), (HPQ); Finerman's Firm Owns (BAC) Preferred;  Finerman Owns (BAC) Preferred; Finerman's Firm Owns (WFC) Preferred; Finerman Owns (WFC) Preferred; Finerman's Firm Is Short (IJR), (IYR), (MDX), (SPY), (USO) with wires