In this article, we will discuss the 15 best websites to research stocks.
When it comes to building a strong portfolio, retail investors conduct a great deal of research to learn about the macroeconomic climate, read up on the most recent stock market trends, become familiar with investing strategies, and observe the most notable actions of smart investors and elite hedge funds. A sizable portion of the investing community consists of retail investors, and they have access to a wealth of online information that can assist them in navigating the volatile stock market. According to Gallup’s survey, 162 million Americans, or 62% of adults in the United States, own shares in public companies. That is a 1% rise over 2023 and the highest percentage observed by Gallup since 2008. During the Great Recession, stock ownership declined and remained low for more than a decade, reaching lows of 52% in 2013 and 2016. Before 2008, the majority of Gallup surveys revealed that at least 60% of American adults owned stocks.
Today, the stock market is very different from what existed at the time of the millennium. The internet has democratized information, resulting in increased stock market involvement, which has been accelerated during the pandemic. Wall Street welcomed retail investors for the first time as a result of the pandemic, even though the global outbreak is primarily remembered for the deadly virus and lockdowns. In a poll, 15% of American stock market participants stated they started investing in 2020. The study additionally shows that these new investors tended to be more optimistic about their prospects for success in the stock market. A study revealed that 19.5% of all stock market shares exchanged in the first half of 2020 were made by individual investors. That is about twice as many trades by ordinary investors as there were in 2010, and it represents an increase of 4.5% over 2019. This occurred during the meme stock mania in 2021, which saw prominent businesses skyrocketing on the stock market as retail investors banded together on social media and purchased the shares in bulk.
Notwithstanding the attraction of potential profits, new research from eToro indicates that many retail investors in the United States appear to be more afraid of losing money than they are of missing out on the next great opportunity. Rethinking Risk, research by eToro, finds that while 31% of US retail investors are driven by the fear of missing out on the next great thing, 61% of investors indicate that their investment strategy is shaped by the fear of losing money through immoderate risk. Their behaviors, however, reveal a different tale, as many retail investors continue to invest in risky assets, with 70% holding single stocks and 41% holding crypto assets in their portfolios. Additionally, this research shows that 62% of people who began investing in the markets now feel better about it.
Amidst these developments, the demand for easily available, reliable information to aid retail investors in their decision-making is rising. According to a survey conducted by BNY Mellon and the World Economic Forum on global retail investment, three-quarters of current retail investors said they would trade more actively if they had more opportunities to learn about investing along with personalized, goal-oriented stock guidance. Here’s where trustworthy websites for stock research would come in very handy.
So let’s look at the 15 Best Websites To Research Stocks.
A portfolio manager looking over the stock market, contemplating the strength of the publicly traded companies.
Methodology:
For our list of the best websites to research stocks, we ranked them on the basis of consensus of several sources and reddit threads on the same topics. A website received one point everytime it appeared on a source, and we only selected websites that appeared at least thrice in our research. Furthermore, we also considered quantifiable factors in these websites that create substantial value for their audience and scored them additional points for that.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here)
15. TradingView
TradingView is a prominent online platform for traders and investors that offers a variety of tools and resources for researching financial markets, exchanging trading ideas, and placing trades. It provides real-time data and charts for commodities, FX, cryptocurrencies, equities, and other assets. In addition to following other traders and viewing their analysis and insights, users may design their indicators, methods, and trading alerts. TradingView is a tool for both new and seasoned traders because of its intuitive layout and extensive range of community features.
On January 13, TradingView reported that Google, a division of Alphabet Inc. (NASDAQ:GOOG), has signed a deal with a Berkshire Hathaway electric company to use geothermal energy to power its data centers in Nevada.
According to a statement from Google, the planned agreement with NV electricity has been submitted to the Nevada Public Utilities Commission for approval, and it would help Google achieve its goal of powering its data centers and offices fully on carbon-free electricity by 2030. As per the announcement, Google will get around 115 megawatts of geothermal electricity through the energy supply agreement. This represents a 25-fold increase in the amount of improved geothermal capacity that Google presently has enabled. Geothermal electricity is produced from the earth’s heat.
NV Energy Chief Executive Doug Cannon stated, “If approved, it provides a blueprint for other utilities and large customers in Nevada to accelerate clean energy goals.”
For TTM and 2023, the YoY growth rates are around 3.50% and 8.68%, respectively.
According to Insider Monkey’s Q1 FY2024 data, 165 hedge funds were long on Alphabet Inc. (NASDAQ:GOOG) at the end of the quarter, which decreased from 166 funds in the prior quarter. Ken Fisher’s Fisher Asset Management is the largest stakeholder in the company, with 46.33 million shares worth $6.99 trillion.
Lakehouse Global Growth Fund stated the following regarding Alphabet Inc. (NASDAQ:GOOG) in its April 2024 investor letter:
“Alphabet Inc. delivered a strong quarterly result that came in well ahead of analysts’ expectations. Revenue grew 15.4% (16.0% constant currency) to $80.5 billion and operating income grew 46.0% to $25.5 billion. Revenue growth accelerated across Search, YouTube Ads, and Google Cloud, all whilst the company delivered its highest operating margin since 2021 – showing meaningful progress in the company’s efforts to durably re-work their cost structure. On the Generative AI front, management emphasised the company’s infrastructure advantages including 5th generation TPUs(chips developed by Google specifically for AI training and inference), high performance data centre architecture, and AI models that are 100x more efficient versus 18 months ago. Overall, we believe that Alphabet is well placed for the AI opportunity ahead and still has significant latent earnings power. When combined with a relatively undemanding valuation of 21x forward net profit and over $100 billion of cash on the balance sheet, it’s not hard to see why we remain positive on the range of outcomes in the years ahead.”
14. Zacks Investment Research
Zacks Investment Research, Inc. is an online resource for financial research, analysis, and investment advice. Typically, the website provides a variety of financial data, stock analysis, investment advice, and other investor services.
MoneyLion Inc. (NYSE:ML), a provider of customized financial products and services, is one of the Zacks #1 Rank Top Movers for June 12, 2024. Its price per share was $92, and its stock price had increased by more than 10%. The YoY growth percentages for MoneyLion Inc. (NYSE:ML) are around 24.27% for 2023 and 6.48% for TTM.
MoneyLion Inc. (NYSE:ML), a provider of customized financial products and services, is one of the Zacks #1 Rank Top Movers for June 12, 2024. As of that day, its price per share was $92, and its stock price had increased by more than 10%. The YOY growth percentages for MoneyLion Inc. (NYSE:ML) are around 24.27% for 2023 and 6.48% for TTM.
In Q1 FY 2024, 23 hedge funds reported holding shares in MoneyLion Inc. (NYSE:ML), up from 19 funds the previous quarter.
13. Market Watch
MarketWatch is an online resource offering stock market statistics, business news, analysis, and financial information. It is a subsidiary of Dow Jones & Company, which is owned by News Corp., along with Barron’s and The Wall Street Journal. MarketWatch, MarketWatch + Barron’s, and WSJ+ are the three subscription options that provide users with complete access to all of MarketWatch’s original news and an ad-free browsing experience.
MarketWatch reported on June 13 that Virgin Galactic Holdings, Inc. (NYSE:SPCE), a British-American spaceflight company, shares fell around 10% during extended trading on June 12 following the space tourism company’s announcement of a reverse stock split. The reverse stock split is anticipated to take effect on June 14 at 5 p.m. Eastern, following the conclusion of trading on the New York Stock Exchange, according to a statement from Virgin Galactic Holdings, Inc. (NYSE:SPCE). When the market opens on June 17, the company’s common stock is anticipated to begin trading on a split-adjusted basis under the current ticker, SPCE. Interestingly, in 2024, Virgin Galactic’s stock dropped 65.2% while the S&P 500 index increased by 13.7%. Summit Materials, Inc.’s revenue growth rate percentage YoY (2022–2023) was a remarkable 194.1%.
In Q1 FY 2024, 8 hedge funds reported holding shares in Virgin Galactic Holdings, Inc. (NYSE:SPCE), up from 9 funds the previous quarter. The company’s largest shareholder, Daniel Katzner’s Skaana Management, owned 45,500 shares, valued at more than $4.33 million.
12. Stock Analysis
Stock Analysis is a stock research website specifically designed for regular investors. It offers thorough and precise financial data, including financials, statistics, ratios, dividends, and business biographies, for over 5,600 US equities and 3,360 ETFs. In addition, it offers financial predictions, price goals, analyst ratings, sophisticated charting tools, an efficient stock screener with 221 criteria, and a free daily newsletter called “Market Bullets” to keep users informed about developments in the financial markets.
It features an improved pro edition that is subscription-based and includes investing ideas from leading Wall Street experts, unlimited use of all tools and data, sophisticated options for sorting and filtering analysts, and thirty years or more of financial history.
Summit Materials, Inc. (NYSE:SUM) is one of the top stocks, according to Stock Analysis. Summit Materials stock has 11 analysts with 12-month price projections, with an average goal of 47.18, a low of 38, and a high of 53. The average goal indicates a 25.35% rise from the June 12 current stock price of $37.64. Out of 12 stock analysts, the average analyst rating for SUM stock is “Buy”. This indicates that experts think there’s a good chance this stock will beat the market in the upcoming year. The revenue growth rate YoY (2022–2023) for Summit Materials, Inc. was 8.58%.
According to Insider Monkey’s Q1 FY2024 data, 26 hedge funds were long on Summit Materials, Inc. (NYSE:SUM) at the end of the quarter, which increased from 23 funds in the prior quarter. Israel Englander’s Millennium Management is the largest stakeholder of the company, with 2.35 million shares worth $104.95 million.
Carillon Eagle Small Cap Growth Fund stated the following regarding Summit Materials, Inc. (NYSE:SUM) in its fourth quarter 2023 investor letter:
“Summit Materials, Inc. (NYSE:SUM) is a vertically integrated construction materials company supplying aggregates, cement, ready-mix concrete and asphalt in the United States and British Columbia. The company’s stock performed well due to continued strong pricing and margin trends. Investors have also had time to digest a notable acquisition that was announced in the prior quarter, analyzing the value it could create for shareholders over time. Summit is well positioned to benefit from accelerating levels of infrastructure spending, and the recent move in interest rates could provide an additional boost for its more traditional construction markets going into 2024.”
11. Finviz
Finviz is an established platform in the financial sector, noted for its extensive functionality and user-friendly layout. It is renowned for its stock screening abilities, availability of real-time data, advanced charting tools, insights into insider trading, heatmaps, visualizations, and effective portfolio management features.
On June 13, Finviz published a story from Market Watch stating that Dave Inc. (NASDAQ:DAVE) stock is declining due to persistently low sales. The stock fell 10% to $45.14 in post-market trade after ending up 4.2%. As of June 12, shares were down around 7% thus far this year. The company’s revenue dropped 1.5% to $588.1 million, short of the $615.9 million that FactSet’s panel of analysts had predicted. It was a worse decrease than experts had predicted, with same-store sales falling 5.6%. It has now been five quarters without a rise in comparable sales.
In an attempt to turn things around, Dave Inc. (NASDAQ:DAVE) is renovating its locations, introducing new menu items, and experimenting with price adjustments. The goal of those actions is to increase same-store sales, which declined during the previous fiscal year. Overall, the company had an increase in annual revenue from $204.83 million in 2022 to $259.09 million in 2023.
In Q1 FY 2024, 26 hedge funds reported holding shares in Dave Inc. (NASDAQ:DAVE), up from 21 funds the previous quarter. The company’s largest shareholder, Scott Ross’s Hill Path Capital, owned 7,119,255 million shares, valued at more than $445.66 million.
10. Motley Fool
The Motley Fool is a private company with headquarters in Virginia that provides readers with investing and financial advice. David and Tom Gardner, brothers, are the firm’s chairman. The company has about 300 employees. The Motley Fool has operations in the UK, Australia, Canada, Germany, Japan, Hong Kong, and the United States. Over the past fifteen years, the Fool Stock Advisor, a flagship service offered by The Motley Fool, has exceeded the returns of the S&P 500 Index. Potential investors are also informed about low-risk investment options in light of the current macroeconomic environment via the company’s stock alert newsletters.
The Motley Fool has over 1 million premium members who access new monthly stock picks, in-depth company research, model portfolios, and advanced investment tools, as well as live streaming during market open hours. The Motley Fool’s investment philosophies are based on six principles: a portfolio with over 25 companies, holding periods longer than five years, frequent savings additions, holding onto stocks during market volatility, allowing portfolio winners to amass gains, and long-term return targets.
Tesla, Inc. (NASDAQ:TSLA) is one of The Motley Fool’s greatest growth companies to buy for the long term, as of May 13, with a projected 3-year sales growth CAGR of 39%. However, several Wall Street analysts have revised their 12-month price estimates for Tesla shares. Among them are analysts from JP Morgan, which maintained a “sell” rating with a $115 price target, noting the company’s assessment that Robotaxi Tesla will likely not generate revenue for years. According to JPMorgan’s Ryan Brinkman, the upcoming Robotaxi Tesla disclosure would not follow instant profitability, citing his recent discussion with Tesla’s head of investor relations, who stated that the underlying vehicle platform will not be available soon.
Tesla’s net income for Q1 was $1.1 billion on $21 billion in revenue, which is 9% less than the $23.3 billion it made at this time last year. Due to widespread price reductions and a decline in demand, the company’s earnings, which were once the envy of the car industry, are at their lowest point in six years.
Baron Partners Fund stated the following regarding Tesla, Inc. (NASDAQ:TSLA) in its first quarter 2024 investor letter:
“The vast majority of the Fund’s underperformance this quarter stemmed from the Fund’s 10-year investment in Tesla, Inc. Tesla’s shares fell 29.3% during the period and detracted 13.41% from the Fund’s first quarter results. Although Tesla has contributed importantly to the Fund’s performance since 2014, on occasion it has detracted from quarterly performance. In previous instances when Tesla shares have underperformed during a discrete period, they have shortly afterwards reflected the strong growth of the underlying business and the stock has appreciated considerably. We believe that will be the case again, although cannot guarantee it.
A significant decline also occurred at the end of 2022. In that instance, investors had become concerned about a host of external factors. Investors believed the company founder, visionary, and CEO Elon Musk was distracted by his acquisition of Twitter. They also believed a weak Chinese economy emerging from COVID and U.S. government policies would curtail the purchases of Tesla vehicles. These fears proved to be overblown. As the company achieved milestones in the succeeding year, the stock subsequently doubled over the next 12 months…” (Click here to read the full text)
According to Insider Monkey’s data, 74 hedge funds were bullish on Tesla, Inc. (NASDAQ:TSLA) at the end of 1Q FY2024, compared to 82 funds in the earlier quarter. Ken Griffin’s Citadel Investment Group is a significant shareholder in the company, with 39,872,500 million shares worth over $7 billion.
9. Bloomberg
Bloomberg is a privately owned company that operates in the mass media, fintech, and technology sectors and is headquartered in New York. The firm provides tools specialized in electronic trading, hedge funds, portfolio management, private equity, research and analysis, and sales, in addition to financial applications and software for data analytics and equities trading to several organizations. Bloomberg.com also features live stock market broadcasting. Bloomberg stories are highly regarded and frequently mentioned by other publications owing to their trustworthiness as sources.
A recent story from Bloomberg dated June 13 states, “Broadcom Inc. (NASDAQ:AVGO) Shares Surge After AI Computing Demand Fuels Growth.” The CEO reports that AI products contributed a record $3.1 billion to revenues, and the chipmaker also plans a 10-for-1 stock split. With strong demand for artificial intelligence products driving its latest earnings and annual projections, Broadcom Inc., a semiconductor supplier to Apple Inc. and other major tech companies, surged in late trade. In a statement recently released, the business stated that its second-quarter earnings, excluding a few items, were $10.96 per share. In contrast, the average projection was $10.80. Revenue exceeded expectations, ending at $12.5 billion as opposed to the estimated $12.1 billion. The corporation anticipated sales of around $51 billion for the whole fiscal year, which ends in October. Broadcom had originally stated the amount would be closer to $50 billion, while analysts had predicted it would be near to $50.6 billion.
According to Insider Monkey’s Q1 data, 115 hedge funds were long on Broadcom Inc. (NASDAQ:AVGO), compared to 91 funds in the prior quarter with a total value of $14.73 billion.
Carillon Eagle Growth & Income Fund stated the following regarding Broadcom Inc. (NASDAQ:AVGO) in its first quarter 2024 investor letter:
Broadcom Inc. continues to trade higher as a beneficiary of generative artificial intelligence (AI). Management recently highlighted that AI-related silicon now comprises a significant percentage of all semiconductor solution sales. The company also is focused on integrating its acquisition of VMware.
8. CNBC
CNBC offers business news and real-time coverage of the financial markets. CNBC provides information on currencies, cryptocurrencies, futures and commodities, bonds, exchange-traded funds (ETFs), and the U.S., China, Europe, Asia, and global markets. Additionally, CNBC offers two premium segments: CNBC Pro and CNBC Investing Club with Jim Cramer.
Jim Cramer, the host of Mad Money on CNBC and a former hedge fund manager with a significant social media following and a large number of retail investors seeking him for stock advice, provides exclusive trading guidance through the CNBC Investing Club with Jim Cramer. The Investing Club also offers portfolio management, live market updates, stock research, and trade alerts. Street calls, investing trends, expert analysis and insights, and business day episodes are all covered by CNBC Pro.
Skyworks Solutions, Inc. (NASDAQ:SWKS), an American semiconductor business, was listed in the most recent CNBC report as one of the major market movers as of June 13. On June 3, Ruben Roy of Stifel Nicolaus kept his “Buy” rating on Skyworks Solutions with a $112.00 price target. Skyworks reports Q2 FY24 results with revenue of $1.046 billion, which is lower than revenue of $1.153 billion in the same quarter last year.
Among the hedge funds tracked by Insider Monkey, Richard S. Pzena’s Pzena Investment Management is a notable position holder in Skyworks Solutions, Inc. (NASDAQ:SWKS), with 3.43 million shares worth $371.45 million. Following the first quarter of 2024, 31 hedge funds maintained their bullish position on Skyworks Solutions, essentially unchanged from the previous quarter.
The London Company Mid Cap Strategy made the following comment about Skyworks Solutions, Inc. (NASDAQ:SWKS) in its second quarter 2023 investor letter:
“Skyworks Solutions, Inc. (NASDAQ:SWKS) – SWKS underperformed during 02 reflecting slowing growth at smartphone manufacturers. In the most recent quarter, gross margins were temporarily impacted by a cut in fab utilization and the rightsizing of higher inventories. Looking longer-term, we believe SWKS’s expertise in RF semiconductor design and manufacturing, coupled with its broadening product portfolio are enduring competitive advantages.”
7. Morningstar
Morningstar, Inc. (NASDAQ:MORN), a Chicago-based financial services business, provides investment research and management services. The company has a website where it offers advice on topics including best investments, personal finance, retirement planning, market volatility, and savings. Additionally, funds, ETFs, equities, bonds, markets, and sustainable investments are covered on the website. The Morningstar Legacy Portfolio Manager tracks investment portfolios, evaluates methods, and provides watchlists of prospective possibilities.
As per the May 30 report by Morningstar, NVIDIA (NASDAQ: NVDA) is expected to see record demand for its AI accelerator chips in calendar year 2024 (which includes the majority of fiscal year 2025). However, Analyst Brian Colello believes that the most significant development is the company’s bullishness towards calendar year 2025, which also includes the release of its new Blackwell GPUs and clusters.
For the first quarter that concluded on April 28, 2024, NVIDIA (NASDAQ: NVDA) announced revenue of $26.0 billion, up 18% from the previous quarter and 262% from the same period the previous year.
Insider Monkey’s Q1 FY2024 report indicates that 186 hedge funds, as opposed to 173 funds in the previous quarter, were bullish on NVIDIA (NASDAQ: NVDA). Citadel Investment Group, managed by Ken Griffin, is the company’s largest stakeholder, owning 207.35 million shares valued at $18.74 billion.
RiverPark Large Growth Fund stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its first quarter 2024 investor letter:
“NVIDIA Corporation (NASDAQ:NVDA): NVDA shares were our top contributor in the quarter following blowout 4Q results and 1Q guidance driven by strong data center sales. The company reported quarterly revenue of $22.1 billion, up 265% year-over-year, and EPS in the quarter of $5.16, up 487% year-over-year and 12% ahead of expectations. Revenue guidance for 1Q of $24 billion was 8% above very high expectations. The artificial intelligence arms race kicked-off by ChatGPT and Alphabet’s Bard, among others, has generated tremendous demand for Nvidia’s next generation graphic processors.
NVDA is the leading designer of graphics processing units (GPU’s) required for powerful computer processing. Over the past 20 years, the company has evolved through innovation and adaptation from a predominantly gaming-focused chip vendor to one of the largest semiconductor/software vendors in the world. Over the past decade, the company has grown revenue at a compound annual rate of over 20% while expanding operating margins and, through its asset light business model, producing ever increasing amounts of free cash flow. Following recent results, Jensen Huang, founder and CEO of NVIDIA stated in the company’s press release, “a trillion dollars of installed global data center infrastructure will transition from general purpose to accelerated computing as companies race to apply generative AI into every product, service and business process.”
6. The Wall Street Journal
New York City is home to the Wall Street Journal, a worldwide daily business newspaper published in the United States. The Wall Street Journal covers bonds, equities, commodities and futures, commercial real estate, and personal finance in its Markets section. WSJ Money, Streetwise, and Intelligent Investor sections are also available on the WSJ website. Information on venture capital, private equity, central banking, and bankruptcy can be accessed on WSJ Pro.
The Wall Street Journal revealed on May 24 that e.l.f. Beauty, Inc. (NYSE:ELF) has significantly increased its marketing spending, going from 7% of net sales in its fiscal year 2019 to 25% of sales in its fiscal year 2024, even while companies as a whole reduced their marketing spending as a proportion of revenue. For one straightforward reason, the beauty giant has increased spending: “Our marketing investment is working,” Chief Marketing Officer Kory Marchisotto said in an interview following E.L.F. ‘s reported earnings. In the fourth quarter of its fiscal year, which ended on March 31, the cosmetics firm reported net sales of $321 million, a 71% increase over the same time the previous year.
Ken Griffin’s Citadel Investment Group, one of the hedge funds monitored by Insider Monkey, owns $641,400 shares of e.l.f. Beauty, Inc. (NYSE:ELF) is valued at $125.73 million. Overall, 33 hedge funds were long on ELF at the end of Q1, compared to 34 in the previous quarter.
Artisan Small Cap Fund stated the following regarding E.l.f. Beauty, Inc. (NYSE:ELF) in its first quarter 2024 investor letter:
“Along with Iovance Biotherapeutics, notable adds in the quarter included E.l.f. Beauty, Inc. (NYSE:ELF) . We already mentioned emerging signs of consumer weakness, especially among those with lower incomes. We think this environment sets up nicely for companies that provide high-quality products sold at a discount to capture market share from their name-brand competitors. SharkNinja and e.l.f. Beauty are two examples. e.l.f. Beauty is a cosmetics company focusing on a low-price strategy, sizeable social media presence and rapid speed to market. In the core business, it aims to replicate existing prestige products at a lower price along with recognizing new and emerging trends. Its share of the US cosmetic market is around 10%. We believe it will gain more market share in the US and leverage social media to expand into new markets, such as Western Europe, India and Latin America. Furthermore, the company has growth potential within its skincare business, where its recent acquisition of Naturium will benefit from e.l.f.’s innovative distribution model.”
5. Barron’s
Barron’s is a weekly American magazine that was founded in 1921 and is published by Dow Jones & Company. It covers stock analysis, financial news, and global market movements. The Barron’s 400 List, Buy Issues, Business Editorials, and a Financial Advisor Directory are all available on the Barron website. Barron’s Lists & Rankings feature companies from significant CEOs, important entrepreneurs in the United States, top market advisers, and the best-performing elite funds.
Barron’s reported on June 12 that the enterprise software vendor, Oracle Corporation (NYSE:ORCL) recorded $14.3 billion in revenue for Q4 FY 2024, a 4% increase over the same period last year. Profits per share were $1.63 as opposed to $1.67 from the previous year (excluding noncash charges like stock compensation). FactSet’s analysts projected 5.5% higher revenue i.e. $4.6 billion and $1.65 per share in cash earnings for the May quarter of Oracle Corporation (NYSE:ORCL). However, growth prospects in the company’s cloud infrastructure division are of primary interest to investors, and any reference to AI is welcome. Revenue from cloud infrastructure increased by 42% to $2 billion during the quarter.
According to Insider Monkey’s Q1 FY2024 data, 96 hedge funds were long on Oracle Corporation (NYSE:ORCL) at the end of the quarter, compared to 100 funds in the prior quarter. Ken Fisher Asset Management is the largest stakeholder in the company, with 17.92 million shares worth $2.25 billion.
4. Reddit
One of the best websites for stock research is Reddit, which is an online forum. Investors typically discuss their latest trades, trending stocks, portfolio profits and losses, and macroeconomic conditions on Reddit, an online forum. WallStreetBets, a community of 12.5 million Redditors discussing their personal trade ideas and portfolio compositions, is Reddit’s most popular investment thread. Subreddits like r/investing, r/stocks, r/biotech, and r/pennystocks are also crucial for stock research.
Redditors have a strong community and can easily push up prices and influence the stock market, which is why WallStreetBets has created several meme stocks over the years. GameStop Corp. (NYSE:GME) is one of the most popular meme stocks of 2024 on Reddit. The Texas-based company is a supplier of games and entertainment products. However, a surprising earnings announcement shows that GameStop Corp. (NYSE:GME)’s revenues continue to fall. First-quarter net sales were $0.882 billion, down from $1.237 billion in the same period last year. According to Reuters, the company has been losing money for several years due to its reliance on physical storefronts at a time when people buy video games and collectibles online, and the most recent quarter was no exception.
In Q1 FY 2024, 8 hedge funds reported holding shares in GameStop Corp. (NYSE:GME), down from 12 funds the previous quarter. The company’s largest shareholder, Andrew Sandler’s Sandler Capital Management, owned 3,452,000 shares, valued at more than $43.22 million in Q1.
3. Seeking Alpha
Seeking Alpha is a crowd-sourced company founded in Israel that offers financial commentary and analysis. Former Wall Street analyst David Jackson started the business in 2004. It is an equities research portal that features industry professionals’ research and articles on companies, exchange-traded funds, and investment strategies.
On June 11, Seeking Alpha reported that Microsoft Corporation (NASDAQ:MSFT) is seeing enormous growth tailwinds from the current GenAI boom. Over the last three-quarters, the company has grown its capex by more than 50% YoY revenue growth. CFA analyst Johnny Zhang is positive about Microsoft and believes that its revenue growth may be significantly boosted by faster-than-anticipated AI monetization. His optimistic thesis on the company, despite its premium price, was further strengthened by the recent strong Q3 FY2024 earnings reports. In Q3 FY2024, total revenue increased to 17% YoY from 7.1% YoY in Q3 FY2023.
According to Insider Monkey’s data, 293 hedge funds were Microsoft Corporation (NASDAQ:MSFT) at the end of Q1, compared to 302 funds in the prior quarter. The Bill & Melinda Gates Foundation Trust is the largest stakeholder in the company, with 36.50 million shares worth over $15.37 billion.
Baron Fifth Avenue Growth Fund stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its first quarter 2024 investor letter:
“Our second largest purchase during the quarter was the software platform, Microsoft Corporation (NASDAQ:MSFT), which we continued to add to, after initiating a position in the fourth quarter of 2023. Microsoft continues to report strong quarterly results, with revenue growth of 16% year-over-year in constant currency thanks to better-than-expected demand in its intelligent cloud segment, which saw revenue growth of 19% year-over-year, driven by Azure growth of 28% with AI contributing 6pts to growth compared with 3pts in the prior quarter. While the adoption of GenAI remains in its early stages, Microsoft has disclosed positive initial data points with 53,000 Azure AI customers as of its December quarter up from 18,000 in the prior quarter, 1.3 million paid GitHub Copilot subscribers (up 30% sequentially) and more than 230,000 organizations who have used AI capabilities in the power platform (up 80% sequentially). Management also noted that large cloud optimizations that started a year or so ago have largely finished. Profitability also continues to be strong with 44% non-GAAP operating margins, which was 120bps better than expected.”
2. Yahoo Finance
Yahoo! Finance is a news and entertainment website under the Yahoo! network. The site provides financial news, stock quotations, financial reports, stock and ETF screeners, personal finance tools, exclusive financial content, and affiliate links to other websites. Yahoo! Finance also provides live market coverage and cryptocurrency news. According to the website, Yahoo! Finance has 93.9 million unique visitors each month, making it one of the best sites to research stocks.
On June 11, Yahoo! Finance stated that Meta Platforms, Inc (NASDAQ:META), an American international technology conglomerate, might be the next business to announce a stock split, as it is still the only one of the “Magnificent Seven” that has not split shares. Meta is “ripe for a split,” according to Ken Mahoney, head of Mahoney Asset Management, given its share price of over $500. Buybacks, a new dividend, and AI interest have propelled Meta’s shares to a rise of over 450% from its 2022 low. Meta Platforms, Inc (NASDAQ:META) used AI technologies to build an advertisement that appears on Facebook or Instagram and released an AI ad specifically targeting WhatsApp. As of the last check on June 11, Meta shares were trading up by 0.66% at $505.90.
Based on data from Insider Monkey’s Q1 analysis, 246 hedge funds held long positions in Meta Platforms, Inc (NASDAQ:META), up from 242 funds in the previous quarter. Ken Griffin’s Citadel Investment Group is a significant position holder in the company, with 14.568 million shares worth $7.07 billion.
1. Insider Monkey
Insider Monkey is a financial website that provides investors with data on insider trading and hedge funds. The website offers a premium newsletter that uses an exclusive strategy for picking the best stock picks of top hedge funds and insiders. Insider Monkey covers the most recent market news, macroeconomic forecasts, stock screeners, up-to-date 13D and 13G filings, hedge fund analysis, dividend stocks, retirement plans, and insider trading data. Insider Monkey is at the top of our list of the best websites for researching stocks because it provides comprehensive stock picks from a select group of elite hedge funds, market movers, and popular stocks throughout the week, dividend picks, analyst favorites, downgraded securities, and more.
Insider Monkey specializes in hedge funds and provides in-depth analysis of holdings, manager information, and performance statistics for several prominent funds. Individuals can use this information to better understand hedge fund activities as well as reflect on the investments they make. Secondly, access to the most recent 13D and 13G filings is a significant benefit that sets Insider Monkey apart as the top website for stock research. These filings expose hedge fund holdings that surpass certain thresholds, providing readers with actual insight into where these noteworthy investors are investing their money.
Dr. Inan Dogan, the research director of Insider Monkey,’s portfolio of stock picks, returned 199.2% between March 2017 and March 2024, beating the S&P 500 ETFs’ 144.9% gain by more than 54 percentage points.
According to the Insider Monkey Quarterly Newsletter, its flagship small-cap hedge fund strategy has returned 275.3% from its start in May 2014 (through May 20th, 2024), compared to a 125.2% gain for its benchmark (50% S&P 500 index ETF (SPY) and 50% Russell 2000 ETF (IWM)) during the same time. The stock selections outperformed the benchmark by 150 percentage points.
The website offers a premium newsletter that uses an exclusive strategy for picking the best stock picks of top hedge funds and insiders. Insider Monkey’s newsletters turn its insights into practical investing recommendations. So don’t forget to Subscribe to Insider Monkey’s Premium Newsletter.
The article published on May 16 by Insider Monkey discloses “Warren Buffett’s Top Picks for 2024 Stocks”. One of those stocks is Apple Inc (NASDAQ:AAPL), an American multinational corporation and technology company headquartered in Cupertino, California. Warren Buffet’s Berkshire Hathaway is a significant shareholder in the business. Warren Buffett had 789.36 million shares of the company in Q1, valued at $135.36 billion. 150 hedge funds held Apple Inc. (NASDAQ:AAPL) as of the end of March, down from 131 funds in the previous quarter, according to data compiled by Insider Monkey. Moreover, the second-largest shareholder in Apple Inc. is Ken Fisher’s Fisher Asset Management, with 55.88 million shares valued at $9.58 billion.
RiverPark Large Growth Fund stated the following regarding Apple Inc. (NASDAQ:AAPL) in its first quarter 2024 investor letter:
“Apple Inc. (NASDAQ:AAPL): Apple shares were a top detractor in the quarter. The company’s stock was pressured by negative news items including a government antitrust case, an Apple Watch patent dispute, and slowing China iPhone sales. Ultimately the company’s fiscal 1Q24 earnings report delivered a slightly better than expected quarter, but with guidance that disappointed investors. 1Q24 revenue and gross margin were better than feared, buoyed by stronger than expected worldwide iPhone sales which grew 6% despite a slight decline in China iPhone sales. Services revenue in the quarter was as expected and signaled the third quarter in a row of accelerating growth. Gross margins were also stronger than expected at 45.9%, the highest level in more than a decade. Guidance of $90 billion of revenue for 2Q24 was light however, due to weaker than expected iPhone sales in the current period and year-over-year declines in other hardware products facing difficult year-over year comps.
Although near-term trends are a bit muted, Apple is carrying lean inventory into an iPhone refresh cycle later this year. With an installed base of 2.2 billion active devices and significant growth of the company’s recurring revenue Services segment, we believe that Apple remains one of the most innovative, best positioned and most profitable companies in the mobile technology industry.”
While we acknowledge the potential of AAPL, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than AAPL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
