Top 5 Stocks To Buy In 5 Different Sectors for the Next 3 Months

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 300

Sector: Information Technology

Redburn Partners’ Alex Haissl holds a Buy rating and a $440 price target on Microsoft Corporation (NASDAQ:MSFT) as of August 11.

We saw 300 hedge funds long Microsoft Corporation (NASDAQ:MSFT) in the second quarter, with a total stake value of $69.8 billion.

Microsoft Corporation (NASDAQ:MSFT) is a systems software company. It is based in Redmond, Washington.

This is what Third Point Management said about Microsoft Corporation (NASDAQ:MSFT) in its second-quarter 2023 investor letter:

“While our gross equity exposure is still modest (below 100% on the long side), we have increased our nets to 70% as of this writing and 77% on a beta adjusted basis. About 45% of that net long exposure is composed of direct and indirect AI beneficiaries trading at reasonable valuations. We have sized up our investments in certain cloud software businesses including Microsoft Corporation (NASDAQ:MSFT), a clear AI winner as a result of its rapidly growing Azure cloud business, upside from applying AI features to its core Office products, investment in Open AI, and ability to provide AI services to other companies (for example, Microsoft holds a stake in one of our portfolio companies, LSE, which it is also assisting in harnessing greater value in its data via AI).”

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