10 Best Booming Stocks to Buy Now

Published on June 9, 2023 at 9:11 am by Usman Kabir in Hedge Funds, News

In this article, we discuss the 10 best booming stocks to buy now. If you want to skip our detailed analysis of these stocks, go directly to 5 Best Booming Stocks to Buy Now.

Despite predictions of an impending recession since mid-2022, the US economy has not shown any signs of a downturn in the past nine months. Factors such as increasing interest rates, high inflation, an inverted yield curve, and an unexpected banking crisis have all been cited as potential triggers for a recession. The New York Fed’s recession probability indicator, which is at its highest level in over four decades, suggests a 68.2% chance of a US recession within the next year. Other reliable economic indicators also indicate warning signs for the US economy. However, despite these factors, the labor market in the US remains strong, and economists have differing opinions on whether a recession is inevitable given the unique economic circumstances. Recession is a common occurrence in economic cycles and has historically presented attractive opportunities for long-term investors.

Although the first quarter showed strong performance, the forecast for real GDP growth is revised in 2023 to 0.9%. However, a recession is anticipated in the latter half of the year, which will drag down growth to 0.8% in 2024. The headline CPI inflation is expected to average 4.0% in 2023 before easing to 2.8% in 2024. As part of ongoing efforts to tighten credit, the Federal Reserve recently raised its policy rate once more to a range of 5.00-5.25%. This additional credit tightening is expected to result in 25-100 basis points of rate hikes and roughly a 0.25 percentage point decrease in real GDP growth in 2023. It is anticipated that the 10-year Treasury yield to reach 3.4% by the end of 2023 and 3.0% in 2024.

The US stock market is booming. Some of the top stocks to monitor as the US recovers from recession fears and embarks on a path to growth include NVIDIA Corporation (NASDAQ:NVDA), DraftKings Inc. (NASDAQ:DKNG), and Exact Sciences Corporation (NASDAQ:EXAS). As the stock market soars, the economy is showing signs of picking up as well. The significance of the US economy lies in its role as an engine of global economic growth, its influence on financial markets and trade, and its capacity for innovation and technological advancement. Changes in the US economy, and by extension US stocks, can have far-reaching implications, impacting not only the domestic population but also businesses, investors, and economies worldwide.

Our Methodology

For this article, we selected stocks that have gained more than 30% in price over the past six months and ranked them based on overall hedge fund sentiment. We have assessed the hedge fund sentiment from Insider Monkey’s database of 943 elite hedge funds tracked as of the end of the first quarter of 2023. The list is arranged in ascending order of the number of hedge fund holders in each firm.

Source:Pixabay

Best Booming Stocks to Buy Now

10. Opera Limited (NASDAQ:OPRA)

Number of Hedge Fund Holders: 8

Percentage Increase in Share Price Over Past Six Months: 267%

Opera Limited (NASDAQ:OPRA) provides mobile and PC web browsers. The company recently launched a new integrated messaging service called Hype. Hype aims to combine social media, chat, and streaming services into one platform. The service will initially be available in Africa, starting with Kenya, South Africa, and Nigeria. In late April, the firm also beat top and bottom line estimates on earnings for the first quarter of 2023, raising the full year fiscal outlook.

On June 1, investment advisory TD Cowen maintained an Outperform rating on Opera Limited (NASDAQ:OPRA) stock and raised the price target to $19 from $14, noting the firm was in the early stages of its above-average revenue growth and margin expansion.

Among the hedge funds being tracked by Insider Monkey, Baltimore-based investment firm Greenhouse Funds is a leading shareholder in Opera Limited (NASDAQ:OPRA) with 2.2 million shares worth more than $22 million.

Just like NVIDIA Corporation (NASDAQ:NVDA), DraftKings Inc. (NASDAQ:DKNG), and Exact Sciences Corporation (NASDAQ:EXAS), Opera Limited (NASDAQ:OPRA) is one of the booming stocks to buy right now.

In its Q1 2023 investor letter, Fairlight Capital, an asset management firm, highlighted a few stocks and Opera Limited (NASDAQ:OPRA) was one of them. Here is what the fund said:

“We mentioned in our previous quarterly letter that we had built a position in Opera Limited (NASDAQ:OPRA) and that it had just declared a dividend (along with a host of other positive business developments). We continue to hold this position after building a position at prices between $5 and $6; the stock trades as of the time of writing at $10.95. This is one of those ideas that has several elements to the investment thesis as well as a continually evolving business picture.

To summarize, the thesis is a combination of value, substantial cash and investee balances creating an attractive enterprise valuation combined with growth and business opportunities. As of the last quarter cash balances were $119 million. The company also owns a portion of several investee businesses and managed to move its investment in Nanobank4 to the more attractive OPay business at a good valuation. The cash plus investee balances total $436 million (depending on valuation assumptions that are likely conservative for OPay) giving the company an enterprise value of approximately $550 million at the time of writing. Performing a normalized earnings analysis, we estimate a level of net income of $119 million. This is then equivalent to an EVE of 4.6x. This is even after the share price doubled in the last two months…” (Click here to read the full text)

9. UFP Technologies, Inc. (NASDAQ:UFPT)

Number of Hedge Fund Holders: 13

Percentage Increase in Share Price Over Past Six Months: 34%

UFP Technologies, Inc. (NASDAQ:UFPT) designs, engineers, and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. In March, the firm posted earnings for the fourth fiscal quarter, reporting earnings per share of $1.10, beating market estimates by $0.19. The revenue over the period was $91 million, up more than 60% compared to the revenue over the same period last year and beating expectations by $5 million. The firm has stepped up investments in single-use medical devices over the past few months.

On May 3, Lake Street analyst Jaeson Schmidt maintained a Buy rating on UFP Technologies, Inc. (NASDAQ:UFPT) stock and raised the price target to $171 from $131, appreciating the strong execution and significant earnings power of the firm.

Among the hedge funds being tracked by Insider Monkey, Washington-based investment firm AltraVue Capital is a leading shareholder in UFP Technologies, Inc. (NASDAQ:UFPT) with 296,411 shares worth more than $38 million.

In its Q4 2022 investor letter, Wasatch Global Investors, an asset management firm, highlighted a few stocks and UFP Technologies, Inc. (NASDAQ:UFPT) was one of them. Here is what the fund said:

“Another meaningful contributor was UFP Technologies, Inc. (NASDAQ:UFPT), which designs and manufactures a range of high-performance cushion packaging and specialty foam and plastic products for industrial and consumer markets. In the past, UFP also made precision-molded fiber packaging primarily from recycled paper. But the company recently divested from that business segment due to margins being lower than those in other business segments. Conversely, UFP has made acquisitions of firms serving the higher-margin medical industry. The company’s recent revenues and earnings were strong, which boosted the stock price. Moreover, with elective medical procedures ramping up after declines amid the pandemic, we expect UFP will start to experience faster growth and even better margins.”

8. Aehr Test Systems (NASDAQ:AEHR)

Number of Hedge Fund Holders: 18

Percentage Increase in Share Price Over Past Six Months: 80%

Aehr Test Systems (NASDAQ:AEHR) provides test systems for burning-in semiconductor devices in wafer level, singulated die, and package part form worldwide. The company recently announced plans to establish a manufacturing facility in Australia. The factory will produce solar trackers to support the country’s growing renewable energy sector. The move aims to reduce costs and increase accessibility of solar technology in Australia.

At the end of the first quarter of 2023, 18 hedge funds in the database of Insider Monkey held stakes worth $92 million in Aehr Test Systems (NASDAQ:AEHR), compared to 17 the preceding quarter worth $63 million.

7. e.l.f. Beauty, Inc. (NYSE:ELF)

Number of Hedge Fund Holders: 30

Percentage Increase in Share Price Over Past Six Months: 91%

e.l.f. Beauty, Inc. (NYSE:ELF) provides cosmetic and skin care products. In the fourth fiscal quarter, the firm posted a 78% net jump in sales year-over-year. Per the management of the firm, this was driven by pricing actions that acted as a key driver of the margin expansion. In addition, supply chain improvements and negotiations with suppliers for lower transportation costs contributed too. These dynamics helped the firm with profitability improvement.

On May 25, Piper Sandler analyst Korinne Wolfmeyer maintained an Overweight rating on e.l.f. Beauty, Inc. (NYSE:ELF) stock and raised the price target to $114 from $105, noting the sales growth of the firm continued to surpass expectations.

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Driehaus Capital is a leading shareholder in e.l.f. Beauty, Inc. (NYSE:ELF) with 981,351 shares worth more than $80 million.

In its Q4 2022 investor letter, Diamond Hill Capital, an asset management firm, highlighted a few stocks and e.l.f. Beauty, Inc. (NYSE:ELF) was one of them. Here is what the fund said:

“New positions initiated in Q4 included shorts International Business Machines (IBM), Acushnet Holdings (GOLF) and E.l.f. Beauty, Inc. (NYSE:ELF). Shares of value-oriented beauty brand ELF received a meaningful boost from normalizing beauty usage and spending in a post-COVID environment, which we believe has contributed to its premium multiple relative to competitors in the beauty space. As this temporary lift unwinds, we expect elf’s valuation to similarly return to a level better aligned with its product offerings.”

6. Axcelis Technologies, Inc. (NASDAQ:ACLS)

Number of Hedge Fund Holders: 34

Percentage Increase in Share Price Over Past Six Months: 108%

Axcelis Technologies, Inc. (NASDAQ:ACLS) markets ion implantation and other processing equipment used for the fabrication of semiconductor chips. The firm recently announced that it would be shipping multiple Purion H200 SiC Power Series ion implanter systems to power device chipmakers in Europe and Asia. The shipments include both evaluation and revenue systems that are used in high volume production of power devices supporting automotive industry EV applications.

On June 5, investment advisory William Blair initiated coverage of Axcelis Technologies, Inc. (NASDAQ:ACLS) stock with an Outperform rating, noting that the firm would increase its market share in SiC ion implantation, capturing a larger portion of the $6 billion estimated market.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Rima Senvest Management is a leading shareholder in Axcelis Technologies, Inc. (NASDAQ:ACLS) with 282,806 shares worth more than $37 million.

Along with NVIDIA Corporation (NASDAQ:NVDA), DraftKings Inc. (NASDAQ:DKNG), and Exact Sciences Corporation (NASDAQ:EXAS), Axcelis Technologies, Inc. (NASDAQ:ACLS) is one of the booming stocks to buy right now.

Click to continue reading and see 5 Best Booming Stocks to Buy Now.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on June 23, 2025 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

The AI infrastructure supercycle
The onshoring boom driven by Trump-era tariffs
A surge in U.S. LNG exports
And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

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A New Dawn is Coming to U.S. Stocks

Published on June 13, 2025 at by Insider Monkey Staff

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