5 Stocks to Buy Now According to Billionaire David Tepper

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 258

Appaloosa Management LP’s Stake Value: $64,208,000

Percentage of Appaloosa Management LP’s 13F Portfolio: 4.03%

Redmond, Washington-based Microsoft Corporation (NASDAQ:MSFT) is a leading technology company with products include operating systems, cross-device productivity applications, server applications, business solution applications, desktop and server management tools, software development tools, and video games. Microsoft Corporation (NASDAQ:MSFT) boasts over 1.4 billion monthly active devices running its flagship operating system, Windows 10 or 11.

David Tepper’s Appaloosa Management LP owns 250,000 shares of Microsoft Corporation (NASDAQ:MSFT), accounting for 4.03% of its 13F portfolio. The hedge fund shed its stake by 32% in Q2 2022, as compared to the previous quarter.

In July, Microsoft Corporation (NASDAQ:MSFT) reported its earnings for the quarter ended June 30, 2022. Its revenue increased by 12% y-o-y to $51.9 billion, while net income increased by 2% y-o-y to $16.7 billion. It recorded a normalized EPS of $2.23, missing consensus by $0.06.

Earlier this year, Microsoft agreed to acquire Activision Blizzard, Inc. (NASDAQ:ATVI) in an all-cash transaction valued at $68.7 billion. The proposed acquisition is expected to accelerate growth in Microsoft’s Gaming business across mobile, PC, console, and cloud.

As of Q2 2022, Microsoft Corporation (NASDAQ:MSFT) is the most sought-after stock among the 895 hedge funds tracked by Insider Monkey as 258 of these hedge funds held shares in the software giant, valued at $56 billion. The software giant ranks #1 on the list 10 stocks to buy now according to billionaire David Tepper based on the number of hedge funds invested in the stock.

You can also take a look at the Long-Term Analyst: Buy These 5 Stocks and 10 Best Blue Chip Stocks To Buy.

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