Nancy Tengler explains why she remains bullish on Microsoft stock

Rising rates tend to be a significant headwind for the high-growth tech names but the Chief Executive of Laffer Tengler Investments says Microsoft Corporation (NASDAQ: MSFT) continues to be a name to “hide” in this environment.

Tengler’s bull case for the Microsoft stock

Microsoft stock made a new 52-week low on Tuesday that sure makes it attractive in terms of valuation.

But Nancy Tengler has reasons to be bullish that go beyond the fact that it’s trading at a deep discount. On CNBC’s “Squawk Box”, she said:

Microsoft is expected to report its Q1 results later this month. Consensus is for it to earn $2.31 a share this quarter, up nearly 2.0% on a year-over-year basis.

Why else does she like the Microsoft stock

Tengler is convinced the Redmond-headquartered multinational can reliably grow its earnings in the face of the coming recession. Dividend was among other reasons why she recommends buying Microsoft stock.

Her constructive view is in line with Wall Street that currently has a consensus “buy” rating on Microsoft Corporation.

Two other names she likes for this environment include Palo Alto Networks Inc and Chipotle Mexican Grill Inc.