5 Best Long-Term Stocks To Buy Now

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 258

At the end of Q2 2022, 258 hedge funds held stakes in Microsoft Corporation (NASDAQ:MSFT). These stakes were valued at $56 billion. As of June 30, Fisher Asset Management is the leading investor in Microsoft Corporation (NASDAQ:MSFT) and has stakes worth $7.36 billion in the company.

On September 29, Raymond James analyst Andrew Marok reiterated his $300 price target and buy-side Outperform rating on Microsoft Corporation (NASDAQ:MSFT) when he resumed coverage of the stock. The analyst said that Microsoft Corporation (NASDAQ:MSFT) has “a collection of sustainable advantages,” which include its leading position in cloud computing, gaming, and digital advertising.

Microsoft Corporation (NASDAQ:MSFT) is a software behemoth with free cash flows of $65 billion and a forward dividend yield of 1.1%. The company has outperformed the S&P 500 over the past 10 years and has returned 26% to investors, verifying its ability to drive long-term growth. Microsoft Corporation (NASDAQ:MSFT) is one of the best long-term stocks to buy now.

Here is what Diamond Hill Capital Management had to say about Microsoft Corporation (NASDAQ:MSFT) in its second-quarter 2022 investor letter:

“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.”

You can also take a look at 10 Best Stagflation Stocks To Buy and 10 Best Cheap Technology Stocks To Buy.

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