5 Best Beginner Stocks To Buy Now

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 300

Microsoft is one of the best stocks for beginners. The company’s plans to revive its Bing search business are working. OpenAI recently said ChatGPT will be able to browse the internet for latest results and would no longer be limited to 2021 data. The chatbot will use Bing search for real-time results. Microsoft is also enjoying growth of its Cloud business and dominance in the enterprise office space.

A total of 300 hedge funds tracked by Insider Monkey bought stakes in MSFT as of the end of the second quarter.

ClearBridge Value Equity Strategy made the following comment about Microsoft Corporation (NASDAQ:MSFT) in its Q2 2023 investor letter:

“We initiated a small position in Microsoft Corporation (NASDAQ:MSFT) during the quarter, which may seem surprising given our concerns about index concentration. However, we seized the opportunity on a compelling entry point below our business value estimate, due to an anticipated acceleration of demand for Microsoft’s Azure cloud business and incremental revenues from integration of Microsoft’s AI Copilot program into its office platform. We believe this could support double-digit growth, while simultaneously solidifying Microsoft’s competitive position as an AI winner. Even as a small position, we believe Microsoft provides a large portfolio construction benefit given low correlation to the rest of the portfolio.”

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