5 Best Diversified Stocks to Buy Now

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 259

Microsoft Corporation (NASDAQ:MSFT) is an American tech giant that operates in several markets. The company’s products and services include operating systems, cloud computing, gaming, search and advertising, computer hardware, and developing tools, along with a few other things. 

Currently, Microsoft Corporation (NASDAQ:MSFT) is one of the most significant Strong Buy stocks. In the last three months, 31 analysts have covered the company and 26 of them maintain a Positive rating on Microsoft Corporation (NASDAQ:MSFT)’s shares. The average price target by Wall Street analysts for the company is $291.74.

Here is what Ariel Investments had to say about Microsoft Corporation (NASDAQ:MSFT) in its Q4 2022 investor letter:

“Enterprise software provider Microsoft Corporation (NASDAQ:MSFT) also traded lower, as higher interest rates and economic concerns have created headwinds for growth-oriented technology companies. We believe this price action runs counter to Microsoft’s solid fundamentals, competitive positioning and long-term business outlook. We continue to anchor on the company driving value creation by capitalizing on a broad and deep set of opportunities, most notably within hybrid cloud infrastructure. The platform continues to demonstrate share gains and strong multi-year purchase intent as enterprises transition to cloud based platforms. At current trading levels, we believe Microsoft’s risk/reward is skewed to the upside.”

You can also take a look at the 13 Best Consumer Discretionary Stocks To Buy and 13 Best Monthly Dividend Stocks to Buy According to Analysts.

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