Reddit’s WallStreetBets is Buying These 5 Stocks for 2024

1. Microsoft Corp (NASDAQ:MSFT)

Number of Hedge Fund Investors: 306

Redditors do not intend to lose any of the AI-fueled gains coming for Microsoft Corp (NASDAQ:MSFT) in the next few months and years. Microsoft Corp (NASDAQ:MSFT) is one of the most popular stocks Redditors have been piling into because of AI catalysts.

Here is what White Brook Capital has to say about Microsoft Corporation (NASDAQ:MSFT) in its Q3 2023 investor letter:

“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.”

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