5 Safe Stocks To Buy For Beginner Investors

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1. Microsoft Corporation (NASDAQ:MSFT)

Number Of Hedge Fund Holders: 262

Multinational software company Microsoft Corporation (NASDAQ:MSFT) leads our list of safe stocks beginner investors should pay attention to.

Microsoft Corporation (NASDAQ:MSFT) is up 5.90% after the Washington-based tech giant reported better-than-expected results for Q3 2022 and provided strong guidance for the rest of the year. The software company reported revenue and adjusted earnings per share of $49.36 billion and $2.22, respectively, while surpassing market estimates of $49.05 billion and $2.19.

The investor sentiment for the stock has largely been positive, making Microsoft Corporation (NASDAQ:MSFT) a notable choice for both veteran and aspiring investors. According to Insider Monkey’s database, 262 funds owned stakes in Microsoft Corporation (NASDAQ:MSFT) at the end of the fourth quarter of 2021, amounting to $75.66 billion. This is compared to 250 funds in the preceding quarter that held stakes worth $65.87 billion.

Citi analyst Tyler Radke raised the price target on Microsoft Corporation (NASDAQ:MSFT) to $364 from $355 and kept a Buy rating on the shares of the company. According to the analyst, Microsoft Corporation (NASDAQ:MSFT) delivered a resounding Q3 with a clean beat across key revenue categories, margins and provided a reassuring outlook to investors.

Motiwala Capital mentioned Microsoft Corporation (NASDAQ:MSFT) in its fourth-quarter 2021 investor letter, here is what the firm had to say:

Microsoft (NASDAQ:MSFT) re-enters our portfolio after a long gap. MSFT sells enterprise and consumer software products as well as hardware products such as the Xbox video game console and Surface laptops. All business segments experienced double-digit revenue growth and earnings per share have compounded in the mid-double digits over the last 5 years. We believe MSFT continues this momentum in the years ahead.”

You can also take a look at 15 Best Technology Stocks To Buy Now and Top 10 Undervalued Tech Stocks.

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