5 Best Dow Stocks To Buy Now

1. Microsoft Corporation (NASDAQ:MSFT)

In Microsoft Corporation (NASDAQ:MSFT), there were 234 funds holding $42.11 billion worth of stock at the end of September, up from 222 funds and $38.73 billion a quarter earlier. This makes Microsoft the second most popular stock among the hedge funds tracked by Insider Monkey, trailing only Amazon.com, Inc. (NASDAQ:AMZN), which saw 245 funds with long positions. Moreover, Microsoft has most investors with positions worth over $1.0 billion among all stocks in this list. Among these funds, Fisher Asset Management disclosed a $4.70 billion position, followed by Arrowstreet Capital, Eagle Capital Management, and Tiger Global Management.

Microsoft Corporation (NASDAQ:MSFT)’s shares have appreciated by 39% since the beginning of the year on the back of solid results delivered by the tech behemoth. The pandemic has had a positive impact on the company’s cloud segment, as remote workers and companies required more cloud-based services to operate. The lockdowns provided a tailwind for Microsoft’s gaming and consumer businesses as well. For the fiscal first quarter (ended September), Microsoft posted revenue growth of 12% on the year to $31.7 billion and EPS of $1.82, which topped expectations by $0.28.

Please also see How Billionaire Leon Cooperman Is Preparing for Massive Inflation and 10 Best Stocks To Buy For 2021.

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