Ken Fisher’s Top 5 Growth Stock Picks

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 269

Fisher Asset Management’s Holdings: $6,758,014,000

Percentage of Fisher Asset Management’s Portfolio: 5.06%

Microsoft Corporation (NASDAQ:MSFT) is a Redmond, Washington-based diversified technology company with exposure in consumer electronics, cloud computing, personal computers, and software segments.

Keith Weiss at Morgan Stanley shortlisted Microsoft Corporation (NASDAQ:MSFT) stock as a top pick in the software industry. Mr. Weiss recommends picking companies that are focused on enterprise solutions and have a subscription-based revenue model. The analyst thinks the current stock price provides an attractive entry point for investors as Microsoft Corporation (NASDAQ:MSFT) is operating in key software segments of cloud, data management, and security. The demand for its offerings is still solid and durable. Presently, Microsoft Corporation (NASDAQ:MSFT) is in the middle of the $69 billion acquisition of Activision Blizzard, Inc. (NASDAQ:ATVI), which is pending due to regulatory requirements.

Here’s what TimesSquare Capital Management said about Microsoft Corporation (NASDAQ:MSFT) in its Q3 2022 investor letter:

“Microsoft Corporation (NASDAQ:MSFT) develops, licenses, and supports software solutions worldwide. Fiscal fourth quarter results were generally in line with consensus estimates, though profits missed slightly. While its Azure cloud business continues to perform well, the personal computer market has declined with inflation having an impact. Its shares experienced a -9% selloff.”