5 Best Fortune 500 Stocks to Buy Now

Page 5 of 5

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 250

Microsoft Corporation (NASDAQ:MSFT) is one of the most popular Fortune 500 stocks to buy now, with 250 hedge funds in the third quarter database of Insider Monkey holding stakes in the tech corporation, amounting to $65.8 billion. Billionaire Ken Fisher’s Fisher Asset Management is the leading Microsoft Corporation (NASDAQ:MSFT) shareholder as of September 2021, with its stake in the company exceeding $7 billion. 

SMBC Nikko analyst Steve Koenig on December 21 initiated coverage of Microsoft Corporation (NASDAQ:MSFT) with an Outperform rating and a $410 price target, which represents about 28% upside from current levels. The analyst observed that Microsoft Corporation (NASDAQ:MSFT) is successfully transitioning its customers to the cloud and is “well positioned at the center of the big secular trends in software”.

Here is what Baron Opportunity Fund has to say about Microsoft Corporation (NASDAQ:MSFT) in its Q3 2021 investor letter:

“Shares of Microsoft Corporation, a cloud-software leader and provider of software productivity tools and infrastructure, rose during the quarter following a strong earnings report highlighting solid demand for its broad product stack and continued momentum migrating its business to the cloud. Microsoft’s results continued to be strong across the board, with total revenue beating Street estimates by 4.5%, an acceleration in Commercial Cloud revenue to 31% constant-currency growth, a four-point improvement in Commercial Cloud gross margins (to 70% from 66%), and GAAP earnings up 42%. We believe the company is positioned to deliver 13% to 15% organic growth over the next three years, underpinned by TAM expansion across its disruptive cloud product portfolio, as more companies look to transform and digitize their businesses, as well as strong operating leverage as its cloud products gain scale.”

You can also take a look at 10 Best Tech Stocks to Buy Under $10 and 10 Best Growth Stocks for 2022.

Page 5 of 5