Today we are going to take a look at best magic formula stocks to buy now, published by Inisder Monkey recently. Insider Monkey created this list according to the legendary investor Joel Greenblatt’s strategy and stock holdings. Joel Greenblatt is an American hedge fund manager and value investor, who is known for “magic formula” investing. The magic formula investing only in those companies that have at least $100 million market cap. Magic formula investing is still relevant, despite every movement of the market.
After all this short introduction, let’s see what Insider Monkey has come up with for today. We have collected two companies from the entire compilation. At first, on the fifth spot, here’s Facebook, Inc. Common Stock (NASDAQ: FB). Jeff Greenblatt is among the top hedge fund holders of Facebook. Actually, in the third quarter, he rose his stake up to 1.29% which is worth $40.37 million. At present, Facebook has to face with several lawsuits by federal authorities and states. One of the lawsuits is the Federal Trade Commission sued Facebook on Dec. 9, accusing Facebook of purchasing and demolishing small startups to eliminate competition. And unfortunately for Facebook, a coalition of 46 states sued Facebook because of antitrust concerns. As a matter of fact, Facebook reported a decrease in the number of users in the United States and Canada. 3. Microsoft Corporation (NASDAQ: MSFT) stands on the third spot on the list. Gotham’s largest holdings is Microsoft. The company has experienced a rise up more than 35% year to date. Although the hedge fund decreased its stake by 11%, at the end of the third quarter its 283,698 MSFT shares, valued at more than $59.67 million. If you are interested in more arresting and detailed information on this issue, please click the best magic formula stocks to buy now.