5 Best FAANG Stocks To Buy Now

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 258

Microsoft Corporation (NASDAQ:MSFT) is an information technology company working to provide renowned products such as Microsoft Office and Skype. The company is based in Redmond, Washington.

Timothy Horan at Oppenheimer holds an Outperform rating on Microsoft Corporation (NASDAQ:MSFT) shares as of October 4.

The company’s revenue has grown by 17.96% year-over-year. Microsoft Corporation’s (NASDAQ:MSFT) EPS is expected to grow by 12.33% over the next three to five years, and its forward free cash flow per share growth rate stands at 13.46%.

Microsoft Corporation (NASDAQ:MSFT) had 258 hedge funds holding stakes in it in the second quarter. Their total stake value was $56 billion.

Diamond Hill Capital Management, an investment advisor, mentioned Microsoft Corporation (NASDAQ:MSFT) in its second quarter 2022 investor letter. Here’s what the firm said:

“The recent market environment has enabled us to initiate positions in some high-quality names that have sold off indiscriminately and are trading at prices we haven’t seen in quite some time. Microsoft Corporation (NASDAQ:MSFT) is one example. Microsoft’s stock price declined amid the broader selloff of technology companies. This presented an opportunity for us to purchase shares at an attractive discount to our estimate of the intrinsic value. We expect the business to continue generating strong revenue growth and benefiting from operating leverage. Microsoft’s cloud computing services business, Azure, is also generating robust growth, confirming its competitive positioning.”

See also Top 10 Data Center Companies In the US and 10 Best Diversified Dividend Stocks To Buy.

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