5 Blue Chip Stocks to Buy According to Mario Gabelli

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1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 259

Mario Gabelli’s Stake Value: $46,602,000

Percentage of Gabelli’s Portfolio: 0.42%

Stock Price as of June 15: $252.99

Microsoft Corporation (NASDAQ:MSFT) is a Washington-based tech giant with exposure in various industries ranging from cloud computing, consumer electronics, gaming consoles, personal computer, and software.

The company’s cloud computing platform, Azure, has taken center stage in recent quarters as it contributed $19.1 billion of $49.4 billion in quarterly sales during Q3 FY2022. The revenue from Azure and other cloud-related services increased by 46% YoY. Raimo Lenschow at Barclays thinks that Microsoft Corporation (NASDAQ:MSFT) is a “growth engine” with annual revenues of $200 billion and is experiencing broad-based growth across various segments.

Baron Funds, an asset management firm, mentioned Microsoft Corporation (NASDAQ:MSFT) in its Q1 2022 investor letter. Here’s what the firm said:

“Microsoft (NASDAQ:MSFT) re-enters our portfolio after a long gap. MSFT sells enterprise and consumer software products as well as hardware products such as the Xbox video game console and Surface laptops. All business segments experienced double-digit revenue growth and earnings per share have compounded in the mid-double digits over the last 5 years. We believe MSFT continues this momentum in the years ahead.”

As of Q1 2022, 259 funds held a stake in Microsoft Corporation (NASDAQ:MSFT).

You can also take a peek at the 10 Best CBD Stocks To Buy Now and 10 Best Recession Stocks To Buy.

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