5 Best Nancy Pelosi Stocks to Buy Now

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 269     

Microsoft Corporation (NASDAQ:MSFT) develops, licenses, and supports software, services, devices, and solutions worldwide. It is one of the prominent stocks in the Nancy Pelosi stock portfolio. On October 25, Microsoft posted earnings for the first quarter of 2022, reporting earnings per share of $2.35, beating market estimates by $0.06. The revenue over the period was $50.1 billion, up 10.6% compared to the revenue over the same period last year and beating market estimates by $410 million. According to a Periodic Transaction Report from June 2022, Pelosi purchased 40 CALL options shares worth between $250,000 and $500,000 in Microsoft Corporation (NASDAQ:MSFT) stock in May this year. The options have a strike price of $180 and expire in June 2023. 

On October 26, BMO Capital analyst Keith Bachman maintained an Outperform rating on Microsoft Corporation (NASDAQ:MSFT) stock and lowered the price target to $270 from $295, noting that the company’s Q1 results featured numerous sources of disappointment, with Azure growth coming in a point below expectations and a call for a 5-point deceleration in Q2 being wider than the 3-point slowdown expected. 

At the end of the third quarter of 2022, 269 hedge funds in the database of Insider Monkey held stakes worth $61 billion in Microsoft Corporation (NASDAQ:MSFT), compared to 258 in the previous quarter worth $56 billion.

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Microsoft Corporation (NASDAQ:MSFT) was one of them. Here is what the fund said:

“Shares of Microsoft Corporation (NASDAQ:MSFT), a leading global provider of software solutions, declined 16.6% in the quarter along with the broader software group as well as due to growing concerns of a potential macro-driven slowdown. This is despite the company posting strong quarterly financial results and successfully absorbing headwinds from the war in Ukraine. The company had 21% revenue growth, 23% operating income growth, and 35% growth in Microsoft Cloud (all year-over-year in constant currency), which now represents 47% of total revenues. (read more…)

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