5 Best Stocks to Buy for a Month

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1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 289

Microsoft Corporation (NASDAQ:MSFT) is perhaps one of the best stocks to buy for years not just a month since the company is apparently just getting started on its AI journey. Microsoft Corporation (NASDAQ:MSFT) had already gained about 40% year to date through June 28.

Recently, it was reported that Congresswoman Nancy Pelosi exercised 50 call options on Microsoft Corporation (NASDAQ:MSFT) with a strike price of $180. This translates in purchase of 5,000 Microsoft Corporation (NASDAQ:MSFT) shares worth between $500,001 and $1 million.

Microsoft Corporation (NASDAQ:MSFT) was the most popular stock among hedge funds tracked by Insider Monkey as of the end of the first quarter of 2023.

L1 Capital International Fund made the following comment about Microsoft Corporation (NASDAQ:MSFT) in its first quarter 2023 investor letter:

“We commented in the December 2022 Quarterly Report “sentiment towards many high-quality technology and ecommerce related businesses like Amazon and Alphabet is negative. Capital flows and an over-emphasis on short-term challenges is driving share prices well below fair value, providing compelling investment opportunities for longer term investors”. In that report we outlined in detail why Amazon’s share price has been oversold and offered compelling value.

During the March 2023 quarter the share price of many large capitalisation technology companies increased significantly. The Fund has investments in Alphabet, Amazon and Microsoft Corporation (NASDAQ:MSFT) and their share prices increased 17%, 23% and 20% (in U.S. dollars), respectively. While we continue to see value in these privileged, high-quality businesses, share prices are no longer trading at materially oversold levels and we have selectively started to trim some of the Fund’s exposure. Microsoft was trimmed due to share price performance and position size.”

You can also take a peek at 12 Best 5G Stocks To Buy Now and 10 Best Fast Growth Stocks To Buy.

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