One Reason Why Microsoft (MSFT) Stock Is Down Today

Microsoft (MSFT) stock is declining early Tuesday morning after the company announced a partnership with agricultural products giant Monsanto (MON) to invest in agricultural technology startups in Brazil.
By Kaya Yurieff ,

NEW YORK (TheStreet) -- Shares of Microsoft (MSFT) - Get Report are lower by 0.51% to $50.90 in pre-market trading on Tuesday after the company announced a partnership with Monsanto (MON) to invest in agricultural technology startups in Brazil, Reuters reports.

St. Louis-based Monsanto will join a Brazilian investment fund with up to 300 million reais, or $92 million, which is managed by Microsoft.

The fund assesses ideas for new digital tools which can be applied to agricultural output in Brazil, according to executives cited by Reuters.

Ideas that are selected will receive initial funding of up to 1.5 million reais or $459,000 for starting development.

Project owners will be able to either pay back the investment after three years or convert the money into equity, Reuters noted.

San Diego-based semiconductor company Qualcomm (QCOM) is also investing in the fund.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B+ on the stock.

The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins.

The team believes its strengths outweigh the fact that the company has had sub par growth in net income.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: MSFT

Loading ...