5 Best Forever Stocks to Buy Now

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1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 258

Microsoft Corporation (NASDAQ:MSFT) is a Washington-based tech giant that was co-founded by Bill Gates. The company has dominated the hardware and software segment through its various offerings.

Microsoft Corporation (NASDAQ:MSFT) has continuously reinvented itself throughout the decades, and it seems that the company intends to leverage enterprise customers by offering cloud-based offerings like Azure and Office 365 to gain an advantage in this decade. Microsoft Corporation (NASDAQ:MSFT) has tried to gain leadership in the gaming industry by acquiring Activision Blizzard for a sum of $68.7 billion. The company is already home to Xbox 360, which is one of the leading gaming consoles in the world.

In a note issued on September 22, analysts at Morgan Stanley shared that Microsoft Corporation (NASDAQ:MSFT) stock offers an attractive risk and reward profile. On October 8, Microsoft Corporation (NASDAQ:MSFT) also announced a 10% increase in the quarterly dividend to $0.68 per share. The company’s dividend increase, coupled with the EPS growth in the high-teens highlight’s Microsoft Corporation (NASDAQ:MSFT) solid return profile. These factors have led us to term Microsoft Corporation (NASDAQ:MSFT) as one of the best long-term stocks in the market.

Here’s what Baron Funds said about Microsoft Corporation (NASDAQ:MSFT) in its Q1 2022 investor letter:

“Shares of mega-cap software company Microsoft Corporation (NASDAQ:MSFT) pulled back with the broader software sector. The company posted another solid quarter, highlighted by total revenues increasing 20% and Microsoft Cloud revenues, now 45% of total revenues, growing 32%. These results were driven, in large part, by strong demand for large Azure contracts. We believe Microsoft can compound revenue in the low double digits for the next three years, underpinned by its expansion in its total addressable market and market share gains.”

You can also take a peek at the 6 Best Geothermal Stocks To Buy and 12 Best Fintech Stocks To Buy.

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