Microsoft (MSFT) is set to report quarterly earnings on Thursday after the closing bell.

All eyes are on its Azure cloud product, which has been a cornerstone of the company's move to expand beyond software.

Microsoft is a serious contender in the race to the world's first trillion dollar company with a market cap of over $800 billion. Tech rivals like Apple (AAPL) and Amazon (AMZN) are also close to the milestone.

Microsoft, Apple and Amazon are holdings of Action Alerts PLUS.

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