MICROSOFT Stock – News &Technical Analysis – 02 November 2022
02 Nov 2022
Microsoft’s president warns of a talent shortage for tackling climate change
Thousands of businesses will fail to meet pledges to combat climate change unless they start training employees on sustainability, Microsoft Corp (NASDAQ:MSFT)’s President Brad Smith told Reuters.
Speaking ahead of a report the software maker released Wednesday, Smith said common instruction on issues like carbon accounting was too piecemeal for the roughly 3,900 companies that have vowed to cut their CO2 emissions.
“We have to move very quickly to start to bring our emissions down, and the ultimate bottleneck is the supply of skilled people,” he said.
Microsoft sells software for organizations to track their environmental impact. Still, companies need more than technology to address global warming, said Smith, announcing plans to develop green education materials including on LinkedIn, which Microsoft owns.
Wednesday’s study, by Microsoft and Boston Consulting Group, found that many corporate environmental leaders – 68% – were internal hires whose team members lacked sustainability-related degrees more often than not. The findings primarily stemmed from interviews and surveys with Microsoft and eight other large companies in sectors such as finance and consumer goods.
It took one Microsoft employee, for instance, more than 30 years at the company moving through customer-support, procurement and other roles before a promotion to lead part of its sustainability team – a time horizon the report contrasted with an expected 11 years before humanity will have released a dire amount of carbon dioxide.
MICROSOFT CORP. Technical Analysis: Daily Chart
In the daily charts, MICROSOFT CORP. was trading in a down channel. MICROSOFT CORP. is currently trading below all SMA.
RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 223.65 & the resistance level is at 230.07.
MICROSOFT CORP. was trading in a down channel before there is a breakout upside.
How to Trade MICROSOFT CORP. this Week:
MICROSOFT CORP. will follow the downtrend until there is a trend reversal. So, remain bearish on MICROSOFT CORP.