5 Safe Stocks to Buy For Beginner Investors

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 269     

Microsoft Corporation (NASDAQ:MSFT) develops, licenses, and supports software, services, devices, and solutions worldwide.  It is one of the major safe stocks to buy for beginners. On October 31, Microsoft noted that it is preparing another update for Moment, an update for Windows 11, called Moment 2. The update will add new features to Windows 11 version 22H2 as early as 2023. These features have been in testing for most of 2022. The firm is a tech giant with a wide variety of investments spread over software, gaming, and other industries, protecting it from short-term market swings. 

On November 2, Macquarie analyst Sarah Hindlian-Bowler initiated coverage of Microsoft Corporation (NASDAQ:MSFT) stock with a Neutral rating and $234 price target, noting the slowness in the macro environment, high energy costs and a soft consumer as near-term headwinds.

At the end of the third quarter of 2022, 258 hedge funds in the database of Insider Monkey held stakes worth $61.2 billion in Microsoft Corporation (NASDAQ:MSFT), compared to 258 in the previous quarter worth $56 billion.

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Microsoft Corporation (NASDAQ:MSFT) was one of them. Here is what the fund said:

“Shares of Microsoft Corporation (NASDAQ:MSFT), a leading global provider of software solutions, declined 16.6% in the quarter along with the broader software group as well as due to growing concerns of a potential macro-driven slowdown. This is despite the company posting strong quarterly financial results and successfully absorbing headwinds from the war in Ukraine. The company had 21% revenue growth, 23% operating income growth, and 35% growth in Microsoft Cloud (all year-over-year in constant currency), which now represents 47% of total revenues. (read more…)

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