5 Best Stocks to Buy for the Next 3 Months

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1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 306

Microsoft Corporation (NASDAQ:MSFT), an American multinational technology company headquartered in Redmond, Washington, is widely recognized for its software products, including the Windows line of operating systems, the Microsoft 365 suite of productivity applications, and the Edge web browser.

In a recent announcement, Microsoft Corporation (NASDAQ:MSFT) unveiled its financial results for the first quarter of the 2024 fiscal year. The technology giant reported impressive revenue of $56.5 billion, accompanied by a net income of $22.3 billion in Q1. These figures signify substantial growth, with revenue increasing by 13% and net income surging by 27%. While the Devices segment faced some challenges during this quarter, there was a modest recovery observed in the Windows division. Notably, Microsoft Corporation (NASDAQ:MSFT)’s cloud services and Office suite experienced significant growth, with the company’s Cloud revenue reaching $31.8 billion, demonstrating a 24% year-over-year increase.

According to Insider Monkey’s Q3 2023 database, Microsoft Corporation (NASDAQ: MSFT) was the most popular stock among hedge funds, with 306 funds holding stakes in the company, collectively valued at nearly $72.1 billion.

You can also take a peek at 15 Best Cybersecurity Stocks To Buy and 25 Smartest Countries in the World.

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