5 Best Bear Market Stocks To Buy Now

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 269

Microsoft Corporation (NASDAQ:MSFT) is a Redmond, Washington-based diversified technology company with a presence in various segments. The tech giant is investing in the cloud services, enterprise software, and gaming segments as its next growth frontier.

Microsoft Corporation (NASDAQ:MSFT) is betting on the fast-growing gaming industry through its proposed acquisition of Activision Blizzard, Inc. (NASDAQ:ATVI) for $68.7 billion, announced in January 2022. The company already operates a gaming subscription business in the form of a Game Pass for its Xbox platform. The deal is in the middle of regulatory approval. The positive outlook on Microsoft Corporation’s (NASDAQ:MSFT) stock during these uncertain times can be gauged by the fact that Ray Dalio’s Bridgewater Associates increased its holding in the stock by 157% on a sequential basis.

Here’s what Carillon Tower Advisers said about one of the best bear market stocks to buy now in its Q3 2022 investor letter:

“Despite reporting very good quarterly results, Microsoft Corporation (NASDAQ:MSFT) underperformed the overall market in August. Technology stocks in general underperformed in August due to fears over slowing global economic growth, potentially leading to cuts in corporate information technology budgets.”

Follow Microsoft Corp (NASDAQ:MSFT)