5 Best Stocks to Buy in 2024 According to Billionaire D.E. Shaw

1. Microsoft Corporation (NASDAQ:MSFT)

Value of D.E. Shaw’s 13F Position: $2.4 billion

Number of Hedge Fund Shareholders: 309

Microsoft Corporation (NASDAQ:MSFT) made headlines in 2023 as a result of its exposure to the AI market and partnership with OpenAI, the developer of a ChatGPT platform. Furthermore, its solid financial growth has contributed to a 57% increase in its share price in the last twelve months. Microsoft (MSFT) earned $2.99 per share on $56.52 billion in revenue in the September quarter.

White Brook Capital Partners, an investment management firm, mentioned a few stocks, including Microsoft, in its third-quarter inverter letter. Here is what the firm stated: 

“The magnificent seven, that underpin the S&P 500 performance, which includes Microsoft Corporation (NASDAQ:MSFT), now comprise almost 30% of the market capitalization of the S&P500. At least three of the seven stocks have heightened downside risk and suffer from already high penetration, weakening end markets, competitive risk, and lofty valuation. They have been remarkably resilient to increased interest rates and the potential for slowing growth. Small and midcap stocks, on the other hand, have been systemically penalized by fears of recession and continue to price that eventuality even as significantly better outcomes have become more probable. Today, it’s relatively easy to find attractive investments in this segment.”

You can also take a look at the

• 13 Most Promising Tech Stocks According to Analysts and 10 Best Space Stocks to Buy According to Wall Street Analysts.