Microsoft Will Outperform This Year if It Really Does Sell Xbox
TheStreet TV's Jack Mohr has already found his top European stocks to own in 2015. Now he's looking for the top five S&P 500 stocks to own in the new year.
Mohr has already said his fifth stock is social media juggernaut Facebook (FB) and No. 4 is the struggling financial giant Citigroup (C) . Who's third? Microsoft (MSFT) , Mohr said Wednesday.
One of the big catalysts going into the new year also happens to be somewhat of a "bold prediction," he said — speculating that Microsoft would spinoff its Xbox business.
Xbox is near the top of its sales cycle, meaning Microsoft would likely fetch top dollar for the entity. Not that the $88.7 billion in cash and short-term investments are small by any means, but a spinoff of Xbox would give the tech giant even more cash. This could allow for an increase in its dividend or potentially in the company's share buyback program.
