5 Best Stocks To Invest In Right Now

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 258

Microsoft Corporation (NASDAQ:MSFT) announced on September 13 that it is collaborating with Novo Nordisk A/S (NYSE:NVO) for a multi-year project to combine Microsoft’s computational services, cloud, and artificial intelligence with the latter’s drug discovery, development, and data science expertise. Microsoft Corporation (NASDAQ:MSFT) is one of the best stocks to invest in right now according to hedge funds. Insider Monkey’s database found Microsoft Corporation (NASDAQ:MSFT) in 258 hedge fund portfolios at the end of Q2 2022, compared to 259 funds in the prior quarter. 

On August 11, Guggenheim analyst John DiFucci initiated coverage of Microsoft Corporation (NASDAQ:MSFT) with a Neutral rating and a $292 price target. While he believes Microsoft Corporation (NASDAQ:MSFT) can elevate revenue and free cash flow, supported by upside in Azure and Office Commercial 365, he sees continued declines in Windows that he believes are still “not fully reflected in consensus estimates”. 

Among the hedge funds tracked by Insider Monkey, Ken Fisher’s Fisher Asset Management is the leading position holder in Microsoft Corporation (NASDAQ:MSFT), with 28.7 million shares worth about $7.4 billion. 

Here is what Baron Durable Advantage Fund has to say about Microsoft Corporation (NASDAQ:MSFT) in its Q2 2022 investor letter:

“Shares of Microsoft Corporation, 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.

As discussed above, we continue to believe Microsoft remains a durable and growing business as companies across all industries look to digitally transform, taking advantage of the continuously expanding solution set Microsoft has to offer.”

You can also take a look at 12 Best AI Stocks To Buy and 10 Best Media Stocks To Buy. 

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