10 Stocks That Will Skyrocket

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Investors  in Q1 2024: 293

Date of Newsletter: July 9th

Coming back to Navellier, this stock had a “cash flow of $9.1 billion” in Q4 2023 which puts it on track to become the “largest company in the world for at least the next 10 years.” Safe to say, this isn’t a small cap stock or a startup. Some hints about its business model include the firm’s operations in “cloud computing, cybersecurity, software, gaming, hardware, search,” and we’ll make it easy for you by sharing that it isn’t Google parent Alphabet. If you’re an avid follower of the technology industry, you should have guessed it by now, but if you haven’t, then Navellier reminds you that this stock can provide the “perfect mix of stability and low risk.”

This stock is the mega cap technology giant Microsoft Corporation (NASDAQ:MSFT). Navellier’s latest stocks are all about QaaS, and Gumshoe also notes that two of China’s largest technology conglomerates, Alibaba and Baidu have both given up on their quantum investments lately. Microsoft Corporation (NASDAQ:MSFT)’s forward P/E of 36x does make it expensive, and investing in an S&P linked fund could provide exposure to its stock coupled with other tech heavy weights.

MSFT tops our list of best investment newsletter stock pitches.  However, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than MSFT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: Analyst Sees a New $25 Billion “Opportunity” for NVIDIA and Jim Cramer is Recommending These 10 Stocks in June.

Disclosure: None.