5 Best Roth IRA Stocks To Buy According To Hedge Funds

Page 5 of 5

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 269

Microsoft Corporation (NASDAQ:MSFT) is a Redmond, Washington-based technology giant co-founded by Bill Gates in 1975.

Microsoft Corporation (NASDAQ:MSFT) is on its way to becoming a member of the Dividend Aristocrat list. The company has increased its dividends for the past 20 consecutive years and offers an annual forward dividend yield of 1.10% as of November 25. The company is relying upon cloud computing, gaming, and enterprise software as the next growth frontier.

Furthermore, Microsoft Corporation (NASDAQ:MSFT) has entered into a multi-year partnership with NVIDIA Corporation (NASDAQ:NVDA) to develop a “massive” artificial intelligence (AI) computer, which will be powered on the infrastructure of Microsoft Azure. The company is also working on getting the go-ahead from the regulatory authorities regarding its $69 billion acquisition of Activision Blizzard, Inc. (NASDAQ:ATVI) which was announced in January 2022. The deal is expected to further strengthen the company’s operations. Microsoft Corporation’s (NASDAQ:MSFT) strong business fundamentals merit the company’s inclusion in the list of 10 best Roth IRA stocks to invest in.

Here’s what Carillon Tower Advisers said about Microsoft Corporation (NASDAQ:MSFT) in its Q3 2022 investor letter:

“Despite reporting very good quarterly results, Microsoft Corporation (NASDAQ:MSFT) underperformed the overall market in August. Technology stocks in general underperformed in August due to fears over slowing global economic growth, potentially leading to cuts in corporate information technology budgets.”

Follow Microsoft Corp (NASDAQ:MSFT)

You can also take a peek at the 10 Best Safe Dividend Stocks for Retirement Portfolios and Gabelli’s 11 High Dividend Stocks.

Page 5 of 5