5 Best ESG Stocks to Buy Now

1. Microsoft Corporation (NASDAQ: MSFT)

Number of Hedge Fund Holders: 251

Microsoft Corporation (NASDAQ: MSFT) is ranked first on our list of 10 best ESG stocks to buy now. The company’s shares have returned 32% to investors in the past year. The firm makes and sells computer software and services around the world. Microsoft has also been an active member of the ESG movement. MSCI has an ESG rating of AAA for the company, ranking it in the top half of firms in the US managing ESG-related opportunities. 

On June 30, telecom giant AT&T announced that it would move 5G network services to the Microsoft Corporation (NASDAQ: MSFT) cloud and sell the Network Cloud that it currently owns to the latter.

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Microsoft Corporation (NASDAQ: MSFT)  with 23.9 million shares worth more than $5.6 billion.

In its Q1 2021 investor letter, Polen Capital, an investment management firm, highlighted a few stocks and Microsoft Corporation (NASDAQ: MSFT) was one of them. Here is what the fund said:

“We have written extensively about Microsoft in recent commentaries. It was our leading contributor last year and one of our largest weightings within the Portfolio. It continues to experience business momentum through several dominant, essential, and competitively advantaged businesses, like Office 365 and Azure. The markets it competes for are enormous, which gives the company the ability to compound at scale. In the past quarter alone, the company generated over $40 billion in revenue, representing a 17% growth rate. The inherent operating leverage in Microsoft’s business model continues and led to 34% earnings growth this past quarter. Despite the broad rotation we saw in the first quarter and Microsoft’s robust performance in 2020, we think its business fundamentals continue to exhibit strength, and the stock continues to reflect the fundamentals.”

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