5 Best Quality Stocks to Buy Now

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 269

Microsoft Corporation (NASDAQ:MSFT) is a Redmond, Washington-based diversified technology company.

The company is betting on the expanding gaming industry through its $68.7 billion acquisition of Activision Blizzard, Inc. (NASDAQ:ATVI) announced in January 2022. The deal is currently in the middle of regulatory approval. Furthermore, Microsoft Corporation (NASDAQ:MSFT) is preparing for the next growth frontier by expanding the footprint of its cloud computing platform Azure. Organizations around the world are adopting cloud computing solutions to avoid high expenditures on IT infrastructure. On November 22, Colin Sebastian at Baird upgraded Microsoft Corporation (NASDAQ:MSFT) stock to an Outperform rating and assigned a target price of $95.

Here’s what Diamond Hill Capital said about Microsoft Corporation (NASDAQ:MSFT) in its Q3 2022 investor letter:

“Also among our bottom contributors were media and technology giant Alphabet, software and IT services provider Microsoft Corporation (NASDAQ:MSFT) and insurance company American International Group (AIG). Microsoft shares declined in Q3, along with other tech companies, as rising interest rates impacted the near-term outlook. We expect the business to continue to generate strong revenue growth and benefit from operating leverage. Microsoft’s cloud computing services business, Azure, is generating robust growth, confirming its competitive positioning.”

Microsoft Corporation (NASDAQ:MSFT) was held by 269 hedge funds as of Q3 2022.

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