Top 5 Stock Picks of Claar Advisors

1. Microsoft Corporation (NASDAQ:MSFT)

 Claar Advisors LLC’s Stake Value: $27.1 million
Percentage of Claar Advisors LLC’s 13F Portfolio: 10.64%
No. of Hedge Fund Holders: 258

Microsoft Corporation (NASDAQ:MSFT) is a technology company. The company develops and licenses consumer and enterprise software. Microsoft Corporation (NASDAQ:MSFT) is known for its Windows operating systems and Office productivity suite.

For FY23, Microsoft Corporation (NASDAQ:MSFT) expects revenue and operating income to grow by double-digits. In the first quarter of 2023, the company expects its productivity and business processes segment to deliver revenue of $15.95 billion-$16.25 billion.

On 27^th July, Wedbush initiated coverage on Microsoft Corporation (NASDAQ:MSFT) and reduced their price objective on the shares of the company from $340.00 to $320.00, giving an “Outperform” rating.

At the close of Q2 2022, Insider Monkey found that 258 hedge funds held stakes in Microsoft Corporation (NASDAQ:MSFT), down slightly from 259 funds in the previous quarter.

Alger Capital, an investment management company, released its second quarter investor letter and mentioned Microsoft Corporation (NASDAQ:MSFT). Here is what the fund said:

“Microsoft Corporation (NASDAQ:MSFT) is a positive dynamic change beneficiary of corporate America’s transformative digitization. during a previous earnings call, Microsoft’s CEO estimated that technology spending as a percent of GDP may increase from about 5% today to 10% in 10 years. Microsoft’s enterprise cloud product, Azure, is rapidly growing and accruing market share and its revenues increased 49% during the first three months of this year as the company’s revenue growth approached 20%. Microsoft’s share price declined despite its high unit volume growth as the broad equity market was down due to higher interest rates and slowing economic growth.”

You can also take a peek at Top 10 Video Gaming Stocks To Buy Now  and 15 Largest FMCG Companies in the World

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