5 Best Big Stocks To Invest In

3. Microsoft Corporation (NASDAQ: MSFT)

Number of Hedge Fund Holders: 238

Microsoft Corporation (NASDAQ: MSFT) is an American multinational tech corporation known for its computer operating system, software packages as well as products and services such as Azure and LinkedIn. It is ranked third on our list of 12 best big stocks to invest in. The stock has returned over 60% to investors over the course of the past year.

At the end of the second quarter of 2021, 238 hedge funds in the database of Insider Monkey held stakes worth $62.47 billion in Microsoft Corporation (NASDAQ: MSFT). 

In its Q2 investor letter, Baron Opportunity Fund mentioned Microsoft Corporation (NASDAQ: MSFT). Here is what the fund had to say:

“Shares of Microsoft Corporation, a cloud-software leader and provider of software productivity tools and infrastructure, rose during the quarter following a strong earnings report highlighting solid demand for its broad product stack and continued momentum migrating its business to the cloud. Microsoft was a top contributor in the period because it trades at reasonable free cash flow and earnings valuations, has cloud and digital transformation tailwinds at its back, reported a solid March quarter, and beat Street expectations by a wide margin. Microsoft’s results continued to be strong across the board, with Azure cloud computing revenues up 46% in constant currency (“cc”) terms and commercial cloud bookings growth of 38% cc, the best in years. Microsoft also reported robust profitability growth, with operating income expanding 31% and GAAP earnings up 45%. We believe the company is well positioned for continued solid growth and profitability through market share gains as more companies look to transform and digitize their businesses as they move operations to the cloud.”