Markets

Insider Trading

Hedge Funds

Retirement

Opinion

14 Best Beaten Down Stocks To Buy Right Now

In this piece, we will take a look at the 14 best beaten down stocks to buy right now. If you want to skip our coverage of the latest events in the stock market, then you can take a look at the 5 Best Beaten Down Stocks To Buy Right Now.

The stock market of 2024 is vastly different from what investors were used to at the onset of the coronavirus pandemic and in its immediate aftermath. Before the pandemic, global stocks and the Chinese economy were performing quite well and there was a growing narrative that perhaps America’s days as a global economy might be coming to an end, with up and comers the likes of China all ready to challenge U.S. dominance. Similarly, the stock market was used to low interest rates, and as the coronavirus stimulus packages and the monetary policy of that time showed, there was nowhere but up for stocks to go.

Now, the environment is different. Not only have the major European economies of the U.K. and Germany entered into a recession, but it seems like the American economy still has a lot of juice left when it comes to leading the world. This is because Chinese economic ails simply refuse to go away, and the start of 2024 has also seen billions of dollars flow out of the country’s equity markets as the prospects of a robust economic recovery appear to dim down.

However, even though the American economy has been an exception for the last year or so, this doesn’t mean that the future is clear. The start of the year saw stock market investors deal with the same set of challenges that they had become accustomed to in 2023. The two key stock market themes in 2024 are interest rates and artificial intelligence, and so far, they’ve turned out to be bearish and bullish indicators, respectively. While AI stocks such as NVIDIA Corporation (NASDAQ:NVDA) have already posted double digit percentage returns year to date, indexes such as the S&P 500 have pared back from their new all time records as inflation continues to be stubborn and the first rate cut dates from the Federal Reserve are still unclear.

On the inflationary side, the latest data set to dent investor hopes for rapid rate cuts is the producer price index (PPI). This data set measures ‘inflation out of the gate’ i.e., the product prices as they leave factories and make their way to retailers. Naturally, it is a leading inflation indicator and higher PPI readings can hint at higher consumer prices down the road. For January 2024, the PPI rose by 0.9% annually and 0.3% monthly, which ended up overshooting economist estimates. Naturally, the markets weren’t impressed, and as the data made rounds, major indexes registered significant drops, led by the tech heavy NASDAQ index that lost 82 basis points.

Yet, an 82 basis point drop is still rather small when we consider some beaten down stocks that have marked significant drops. Two such beaten down stocks are the shares of the semiconductor firm Super Micro Computer, Inc. (NASDAQ:SMCI) and the ride sharing firm Lyft, Inc. (NASDAQ:LYFT). Starting from the former, Super Micro’s shares had posted stunning triple digit percentage gains of 250% year to date as of February 15th, 2024. Then in the following days, they have dropped by 20% so far, making the stock quite an interesting case study for breakout and beaten down stocks. The Super Micro breakout took place as investors determined that it had successfully established itself as a key partner to NVIDIA and others. The beating took place after Wells Fargo & Company (NYSE:WFC) warned that while the firm has significant AI upside, this has already been priced into the shares.

What about Lyft? Well, its shares soared by 57% after the latest earnings release but soon reversed the trend as management shared that the margin expansion estimate for 2024 will be 50 basis points instead of the 500 basis points that the official release had stated. Margin expansion means that Lyft earns more profit per dollar unit of sales, and naturally, the stock fell after the correction.

So, if you’re wondering about the best beaten down stocks to buy, we made such a list and the top names are Transocean Ltd. (NYSE:RIG), Twilio Inc. (NYSE:TWLO), and Biogen Inc. (NASDAQ:BIIB).

A close-up of a laptop monitor with stock market prices scrolling up and down.

Our Methodology

To make our list of the best beaten down stocks, we first made a list of all stocks that have set a new 52 week low and have a market capitalization greater than $300 million. Then, they were ranked with their year to date share price performance, and the 40 stocks with the most percentage drops were chosen. Finally, this list of  beaten down stocks was re-ranked by the number of hedge funds that had bought the shares in Q4 2023, and the top stocks were chosen.

For these best beaten down 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.

Best Beaten Down Stocks To Buy Right Now

14. Forward Air Corporation (NASDAQ:FWRD)

Number of Hedge Fund Investors In Q4 2023: 27

52-Week Range: $39.16 – $121.38

Current Share Price: $39.27

Forward Air Corporation (NASDAQ:FWRD) is an American freight and logistics company headquartered in Tennessee. 2024 is off to a turbulent start for the firm, as a slew of leadership changes has affected the very top and led to the appointment of a new CEO as well.

By the end of December 2023, 27 out of the 933 hedge funds part of Insider Monkey’s database had held a stake in Forward Air Corporation (NASDAQ:FWRD). Israel Englander’s Millennium Management was the firm’s biggest hedge fund investor since it owned $28.8 million worth of shares.

Forward Air Corporation (NASDAQ:FWRD) joins Twilio Inc. (NYSE:TWLO), Transocean Ltd. (NYSE:RIG), and Biogen Inc. (NASDAQ:BIIB) in our list of the best beaten down stocks.

13. Telephone and Data Systems, Inc. (NYSE:TDS)

Number of Hedge Fund Investors In Q4 2023: 28

52-Week Range: $6.44 – $21.75

Current Share Price: $14.04

Telephone and Data Systems, Inc. (NYSE:TDS) is an American telecommunications company that serves the needs business, regular people, and other customers. The shares are rated Buy on average, but earnings performance has been poor with EPS misses in three out of the four latest quarters.

Insider Monkey’s Q4 2023 survey of 933 hedge funds revealed that 28 were the firm’s shareholders. Telephone and Data Systems, Inc. (NYSE:TDS)’s largest stakeholder in our database is Dan Loeb’s Third Point due to its $39.2 million stake.

12. Pacific Biosciences of California, Inc. (NASDAQ:PACB)

Number of Hedge Fund Investors In Q4 2023: 28

52-Week Range: $5.68 – $14.55

Current Share Price: $5.74

Pacific Biosciences of California, Inc. (NASDAQ:PACB) is a backend medical company that provides researchers and others with equipment and products used in operations such as gene sequencing. February 2024 has been a busy month for the firm, as not only did it announce a 113% annual revenue growth during the fourth quarter, but Pacific Biosciences of California, Inc. (NASDAQ:PACB) also announced a new line of products.

By the end of last year’s fourth quarter, 28 out of the 933 hedge funds profiled by Insider Monkey had bought and owned Pacific Biosciences of California, Inc. (NASDAQ:PACB)’s shares. Catherine D. Wood’s ARK Investment Management was the biggest investor due to its $338 million investment.

11. Yelp Inc. (NYSE:YELP)

Number of Hedge Fund Investors In Q4 2023: 29

52-Week Range: $26.53 – $48.99

Current Share Price: $38.02

Yelp Inc. (NYSE:YELP) is a popular American company that allows small businesses and their potential customers to connect with each other online. Its fourth quarter results came with a disappointment for analysts, as while they had projected Yelp Inc. (NYSE:YELP)’s full year operating income estimate to sit at $341 million, the high end of the actual guidance was lower.

Insider Monkey scoured through 933 hedge fund holdings for their December quarter of 2023 shareholdings and discovered that 29 had invested in the firm. The largest Yelp Inc. (NYSE:YELP) hedge fund shareholder is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital as it owns a $64 million stake.

10. PENN Entertainment, Inc. (NASDAQ:PENN)

Number of Hedge Fund Investors In Q4 2023: 31

52-Week Range: $18.35 – $32.08

Current Share Price: $18.60

PENN Entertainment, Inc. (NASDAQ:PENN) is an American casino and gaming company headquartered in Pennsylvania. Its fourth quarter earnings report was a disappointing set of results that saw PENN Entertainment, Inc. (NASDAQ:PENN) not only miss analyst Q4 revenue estimates of $1.53 billion by posting $1.40 billion but also post a 12% annual drop in the segment.

During the same time period, out of the 933 hedge funds part of Insider Monkey’s database, 31 had held a stake in PENN Entertainment, Inc. (NASDAQ:PENN). Parag Vora’s HG Vora Capital Management was the firm’s biggest investor since it owned 14.5 million shares that are worth $377 million.

9. Roku, Inc. (NASDAQ:ROKU)

Number of Hedge Fund Investors In Q4 2023: 32

52-Week Range: $51.62 – $108.84

Current Share Price: $72

Roku, Inc. (NASDAQ:ROKU) is a consumer technology company that sells entertainment related hardware and software products. The firm has struggled on the earnings front by having missed analyst EPS estimates in three out of its four latest quarters.

Insider Monkey took a look at 933 hedge fund portfolios for last year’s fourth quarter and found that 32 were the firm’s shareholders. Roku, Inc. (NASDAQ:ROKU)’s largest stakeholder is Catherine D. Wood’s ARK Investment Management as it owns $873 million worth of shares.

8. QuidelOrtho Corporation (NASDAQ:QDEL)

Number of Hedge Fund Investors In Q4 2023: 32

52-Week Range: $41.75 – $98.67

Current Share Price: $41.76

QuidelOrtho Corporation (NASDAQ:QDEL) is a diversified medical raw materials company whose products assist laboratories in diagnosing diseases. The shares are rated Buy on average, and the average analyst share price target is $80.33 for a significant upside over the current share price.

As of December 2023 end, 32 out of the 933 hedge funds part of Insider Monkey’s database had bought and owned QuidelOrtho Corporation (NASDAQ:QDEL)’s shares. Mathew Strobeck’s Birchview Capital was the biggest investor courtesy of its $4.8 million stake.

7. Iridium Communications Inc. (NASDAQ:IRDM)

Number of Hedge Fund Investors In Q4 2023: 33

52-Week Range: $29.94 – $68.34

Current Share Price: $30.14

Iridium Communications Inc. (NASDAQ:IRDM) is a telecommunications company that provides internet and other coverage through a satellite network. Its investors were dealt with bad news in February 2024 when BWS Financial downgraded the stock to Hold from Buy and revised the share price target to $30 as it worried about the competitive landscape.

By the end of last year’s fourth quarter, 33 out of the 933 hedge funds covered by Insider Monkey’s research had held a stake in the firm. The largest Iridium Communications Inc. (NASDAQ:IRDM) hedge fund shareholder is Kevin Kuebler and Ming Lam’s Silver Heights Capital Management due to its $109 million investment.

6. SBA Communications Corporation (NASDAQ:SBAC)

Number of Hedge Fund Investors In Q4 2023: 41

52-Week Range: $185.23 – $279.07

Current Share Price: $206.80

SBA Communications Corporation (NASDAQ:SBAC) is an American real estate investment trust that deals in the telecommunications sector. Amidst a global economic turmoil that has seen businesses struggle, SBA Communications Corporation (NASDAQ:SBAC) is interested in expanding its global portfolio by buying assets in Ireland.

41 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 database were SBA Communications Corporation (NASDAQ:SBAC)’s shareholders. Out of these, the biggest investor is Ken Griffin’s Citadel Investment Group through its $673 million stake.

Transocean Ltd. (NYSE:RIG), SBA Communications Corporation (NASDAQ:SBAC), Twilio Inc. (NYSE:TWLO), and Biogen Inc. (NASDAQ:BIIB) are some top beaten down stocks that hedge funds are buying.

Click here to continue reading and check out 5 Best Beaten Down Stocks To Buy Right Now.

Suggested articles:

Disclosure: None. 14 Best Beaten Down 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.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!

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…