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13 Best Major Stocks to Buy Right Now

In this piece, we will take a look at the 13 best major stocks to buy right now. If you want to skip our coverage of the latest stock market news and some recent trends, then you can take a look at the 5 Best Major Stocks to Buy Right Now.

The start of 2024 for the stock market is more of the same. The first month of the year saw investors turn their attention to the Federal Reserve as usual in order to set expectations for the remainder of 2024. The Fed, if you’re unaware, has been rapidly raising interest rates to combat inflation. Now that inflation has started to drop, Wall Street is eager to know when rates will start to drop, and on this front, ironically, the economy is proving to be the biggest hurdle in forcing the Fed’s hand.

Higher interest rates increase the cost of doing business and restrict consumer access to capital. This means that firms have a tougher time posting both revenue and earnings growth, and when their figures don’t grow, neither does the economy. However, since the American economy continues to outshine peers, the Fed has more leeway to keep rates higher and deflate Wall Street’s balloon that had become accustomed to easy money after the 2008 Great Recession and the more recent coronavirus pandemic.

At the same time, even as rates are high, the stock market is still continuing to impress. In fact, bears have been left rather red faced as major indexes such as the NASDAQ Composite and the S&P 500 have continued to soar despite the depressing effects that high interest rates have on stock valuation. In fact, despite the tepid interest rate environment, it’s the S&P 500 that has once again proven that no matter how shrewd analysts are, they can still miss out on major trends.

This is because the flagship Wall Street stock index which contains the crown jewels of the American stock market set a new all time record in February 2024 when it soared above 5,000 points for the first time in its history. Quite a sharp turnaround from the tail end of 2022 had seen speculation far and wide that a recession was incoming and that everyone should batten down their hatches.

Just like 2023 saw the NASDAQ 100 soar to new highs on the back of major stocks such as NVIDIA Corporation (NASDAQ:NVDA). 2024’s record setting index levels are also influenced by such companies. The start of the year ushered in all important earnings season that saw major stocks the likes of Meta Platforms, Inc. (NASDAQ:META), Microsoft Corporation (NASDAQ:MSFT), and Alphabet Inc. (NASDAQ:GOOG) take the lead on the artificial intelligence front. A.I. was the biggest theme on the stock market last year, and the mega stock earnings calls saw their management share strategies about costs, future plans, and other data that investors parsed over with eagle eyes to see whether the hype in A.I. is really worth investing in.

And as we’ve seen through major stock performance in 2024, seems like investors are impressed. Alphabet, Meta, Microsoft, and NVIDIA’s shares are up by 7.64%, 35%, 13%, and 49.7%, year to date, respectively. This shows that even though small cap stocks that are often touted for their ability to deliver double digit and higher percentage returns, major stocks the likes of some of the magnificent seven that we’ve talked about above can also stun everyone given the market and economic contexts align in their favor.

Before we head on to the best major stocks to buy, another big news for these stocks this year has come from Meta. Meta has traditionally been a high growth technology company whose income statement for years was a classic example of a venture capital model that saw negative profits but revenue growth. Yet in 2024 Meta declared a 50 cent dividend for the first time in its history to mark its entry into the list of stable big guns that can regularly pay out their profits to investors as a reward for patience and belief.

So, as major stocks continue to shine, which ones are hedge funds interested in? We took a look and some notable picks are Meta Platforms, Inc. (NASDAQ:META), Amazon.com, Inc. (NASDAQ:AMZN), and Microsoft Corporation (NASDAQ:MSFT).

Our Methodology

To make our list of the best major stocks to buy, we made a list of the common top constituents of the S&P 500 index and the NASDAQ 100 index and ranked them by the number of hedge funds that had bought the shares as of Q4 2023 end. Out of these, the top stocks were chosen as the best major stocks to buy.

For these best major stocks, we used hedge fund sentiment. Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). That’s why we pay very close attention to this often-ignored indicator.

13 Best Major Stocks to Buy Right Now

13. Intuit Inc. (NASDAQ:INTU)

Number of Q4 2023 Hedge Fund Shareholders: 75

Intuit Inc. (NASDAQ:INTU) is a technology company that enables its customers, such as small businesses, to manage their daily financial operations. Despite a slowing financial environment, not only has it beaten analyst EPS estimates in all four of its latest quarters but the shares are also rated Strong Buy on average.

During December 2023, 86 out of the 933 hedge funds polled by Insider Monkey had held a stake in the firm. Intuit Inc. (NASDAQ:INTU)’s biggest hedge fund investor is Ken Fisher’s Fisher Asset Management as it holds a $1.9 billion stake.

12. Tesla, Inc. (NASDAQ:TSLA)

Number of Q4 2023 Hedge Fund Shareholders: 82

Tesla, Inc. (NASDAQ:TSLA) is the well known electric vehicle manufacturer headquartered in Texas. The firm is seeing a lot of controversy in 2024 that has seen its chief Elon Musk call for its reincorporation outside Delaware after a court blocked his lucrative share award package.

By the end of last year’s fourth quarter, 81 out of the 933 hedge funds surveyed by Insider Monkey had bought and owned Tesla, Inc. (NASDAQ:TSLA)’s shares. Phillippe Laffont’s Coatue Management owned the biggest stake which was worth $1 billion.

11. Booking Holdings Inc. (NASDAQ:BKNG)

Number of Q4 2023 Hedge Fund Shareholders: 83

Booking Holdings Inc. (NASDAQ:BKNG) is a technology company that enables guests and hospitality establishments to work with each other. With the global travel industry finally having recovered from the coronavirus pandemic, its shares have rewarded investors through a 200%+ growth.

As of Q4 2023 end, 81 out of the 933 hedge funds profiled by Insider Monkey were the firm’s investors. Booking Holdings Inc. (NASDAQ:BKNG)’s largest stakeholder in our database is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital as it owns $1.7 billion worth of shares.

Just like Amazon.com, Inc. (NASDAQ:AMZN), Meta Platforms, Inc. (NASDAQ:META), and Microsoft Corporation (NASDAQ:MSFT), Booking Holdings Inc. (NASDAQ:BKNG) is a top major stock to buy.

10. Netflix, Inc. (NASDAQ:NFLX)

Number of Q4 2023 Hedge Fund Shareholders: 89

Netflix, Inc. (NASDAQ:NFLX) is a global brand name in the media and entertainment industry. The shares are rated Buy on average, and analysts have set an average share price target of $575.64.

For their fourth quarter of 2023 shareholdings, 102 out of the 933 hedge funds profiled by Insider Monkey were Netflix, Inc. (NASDAQ:NFLX)’s shareholders. Ken Fisher’s Fisher Asset Management owned the largest stake, which came through 4.1 million shares and was worth $2 billion.

9. Broadcom Inc. (NASDAQ:AVGO)

Number of Q4 2023 Hedge Fund Shareholders: 91

Broadcom Inc. (NASDAQ:AVGO) is an important semiconductor company known for its connectivity products such as smartphone modems. It is also one of the most underrated plays when it comes to artificial intelligence, as was evident in a recent note by JPMorgan that outlined strong opportunities for Broadcom’s custom chips for A.I. data centers.

After digging through 910 hedge fund Q3 2023 shareholdings, Insider Monkey found 87 Broadcom Inc. (NASDAQ:AVGO) shareholders. Ken Fisher’s Fisher Asset Management was the largest stakeholder due to its $2.3 billion investment.

8. Micron Technology, Inc. (NASDAQ:MU)

Number of Q4 2023 Hedge Fund Shareholders: 92

Micron Technology, Inc. (NASDAQ:MU) is another important semiconductor company, and that operates in the market for memory products. 2024 is seeing an interesting landscape develop for its products, as rumors suggest that Taiwan’s TSMC and Korea’s SK hynix are teaming up to develop advanced memory chips.

As of December 2023 end, 90 out of the 933 hedge funds covered by Insider Monkey’s research had held a stake in the firm. Micron Technology, Inc. (NASDAQ:MU)’s biggest hedge fund investor is Ken Griffin’s Citadel Investment Group courtesy of its $604 million stake.

7. Adobe Inc. (NASDAQ:ADBE)

Number of Q4 2023 Hedge Fund Shareholders: 105

Adobe Inc. (NASDAQ:ADBE) is one of the biggest productivity software companies in the world. Keeping the pedal to the metal on the A.I. front, Adobe announced in February 2024 that its generative A.I. app Firefly will now be available to users of the Apple Vision Pro.

As of Q4 2023 end, 112 out of the 933 hedge funds covered by Insider Monkey’s research had bought and owned the firm’s shares. Ken Fisher’s Fisher Asset Management was naturally Adobe Inc. (NASDAQ:ADBE)’s investor since it owned $2.7 billion worth of shares.

6. Apple Inc. (NASDAQ:AAPL)

Number of Q4 2023 Hedge Fund Shareholders: 131

Apple Inc. (NASDAQ:AAPL) is one of the most valuable technology companies in the world. However, its market capitalization was rendered second place to Microsoft Corporation (NASDAQ:MSFT) in 2024 as the hype surrounding A.I. saw investors continue to pile into the Redmond-based giant’s shares.

For their Q4 2023 shareholdings 134 out of the 933 hedge funds part of Insider Monkey’s database had bought Apple Inc. (NASDAQ:AAPL)’s shares. Warren Buffett’s Berkshire Hathaway remained the firm’s biggest shareholder due to its $174 billion investment.

Meta Platforms, Inc. (NASDAQ:META), Apple Inc. (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), and Microsoft Corporation (NASDAQ:MSFT) are some major stocks finding favor among hedge funds.

Click here to continue reading and check out 5 Best Major Stocks to Buy Right Now.

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Disclosure: None. 13 Best Major Stocks to Buy Right Now is originally published on Insider Monkey.

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

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.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…