Microsoft Corporation (MSFT) May Move Jobs Overseas Amid Trump's Immigration Moves

Microsoft Corporation (NASDAQ:MSFT) said this week that President Trump’s proposed immigration reforms could mean a shift to more jobs overseas.

CNBC has more details on the development, which comes amid increasing controversy regarding how many people should be allowed to emigrate to the U.S.:

Microsoft does not want to move jobs out of the United States but certain decisions out of Washington could potentially force its hands, the company’s President and Chief Legal Officer Brad Smith warned.

The Trump Administration’s tough stance on immigration has attracted a lot of criticism from big technology firms, which rely heavily on skilled foreign workers from around the world.

Specifically, Microsoft’s President and Chief Legal Officer Brad Smith is worried about two major issues. First is an Obama-era rule that allows some spouses of people who have a non-immigrant H-1B visa to be paid for work in the United States. The second is a rule that allows international graduates in science, technology, engineering or mathematics (STEM) from U.S. universities to continue working as they attempt to apply for work visas.

Microsoft Corporation shares closed at $105.43 on Friday, up $1.24 (+1.19%). Year-to-date, MSFT has gained 24.37%, versus a 5.66% rise in the benchmark S&P 500 index during the same period.

MSFT currently has a StockNews.com POWR Rating of A (Strong Buy), and is ranked #1 of 66 stocks in the Software – Application category.

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