Jim Cramer Stock Portfolio: 5 Recent Additions

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 269

Microsoft Corporation (NASDAQ:MSFT) is part of Cramer’s Charitable Trust portfolio and the Mad Money host believes that it is one of the hammered tech stocks that can rebound after the Federal Reserve finishes tightening the economy. On November 30, Microsoft Corporation (NASDAQ:MSFT) declared a quarterly dividend of $0.68 per share, in line with previous. The dividend is payable on March 9, 2023 to shareholders of record on February 16. 

On November 29, Morgan Stanley analyst Keith Weiss said investors are concerned that Microsoft Corporation (NASDAQ:MSFT)’s estimates have not been derisked and noted that short-term concerns normally fall into two categories – margins and revenue growth. However, he sees a resilient demand signal in the commercial businesses that should result in improving revenue and EPS growth in the second half of 2023, said the analyst, who argued that Microsoft Corporation (NASDAQ:MSFT)’s “unique positioning as a consolidator” should drive demand. The analyst has an Overweight rating and a $307 price target on Microsoft Corporation (NASDAQ:MSFT) shares.

According to Insider Monkey’s Q3 data, 269 hedge funds were bullish on Microsoft Corporation (NASDAQ:MSFT), compared to 258 funds in the prior quarter. Bill & Melinda Gates Foundation Trust is the largest investor in the company, with a position worth over $9 billion. 

Diamond Hill made the following comment about Microsoft Corporation (NASDAQ:MSFT) in its Q3 2022 investor letter:

“Also among our bottom contributors were media and technology giant Alphabet, software and IT services provider Microsoft Corporation (NASDAQ:MSFT) and insurance company American International Group (AIG). Microsoft shares declined in Q3, along with other tech companies, as rising interest rates impacted the near-term outlook. We expect the business to continue to generate strong revenue growth and benefit from operating leverage. Microsoft’s cloud computing services business, Azure, is generating robust growth, confirming its competitive positioning.”

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