5 Best Magic Formula Stocks To Buy Now

3. Microsoft Corporation (NASDAQ: MSFT)

Third on the list of Gotham’s biggest holdings is Microsoft, which is up over 35% year to date. However, the hedge fund trimmed its stake in the technology company by 11% in the third quarter, ending the period with 283,698 MSFT shares, worth over $59.67 million.

BofA on Dec. 16 reinstated Microsoft stock with a Buy rating and a $256 target. The firm’s analyst Brad Sills thinks that the company stock can sustain low double digit in the coming 3-5 years, driven by growth in Cloud, productivity apps, games and Xbox business.

Microsoft is reporting a stunning growth in its Cloud business The company’s commercial cloud clocked a $53.2 billion annual revenue run rate in the third quarter, up from $50 billion in the second quarter.