The stock, which hit an all-time high Monday, looks well-positioned into earnings, said Michael Bapis, partner and managing director at the Bapis Group at HighTower Advisors, Tuesday on CNBC’s “Trading Nation.” Here are his reasons why.

• Microsoft has made strides in the blockchain technology space. Last year the company was involved in a blockchain initiative related to marine insurance.

• The company has, too, expanded its footprint in the cloud computing and gaming space. On Monday, Microsoft said it had acquired a start-up with cloud-based tools for game developers.

• KeyBanc analysts wrote earlier this month that Amazon lost cloud market share to Microsoft in the fourth quarter.

The stock fell 1 percent Tuesday, closing negative for its second straight day, amid a broad market sell-off.

Bottom line: One trader is bullish on Microsoft ahead of its quarterly earnings report.