5 Set-It-and-Forget-It Stocks to Buy According to Financial Media

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 306

Microsoft Corporation (NASDAQ:MSFT) is one of the biggest tech companies in the world and develops and manufactures personal computer software systems and applications.

On December 12, Microsoft Corporation (NASDAQ:MSFT) launched a new artificial intelligence model, Phi-2. The company praised the new small language model as it has only 2.7 billion parameters.

Microsoft Corporation (NASDAQ:MSFT) was covered by 37 Wall Street analysts, and 36 kept a Buy rating on the stock. The average price target of $422.91 represented an upside of 12.90% as of the December 22 market close.

White Brook Capital Partners commented on Microsoft Corporation (NASDAQ:MSFT) in its third quarter 2023 investor letter. Here is what it said:

“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 look at the Dividend Contenders List Ranked By Yield: Top 25 and the 15 Best Places in Colorado for a Couple to Live on Only Social Security.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.