In this article, we discuss 5 of the best future stocks to buy now. If you want to check out some more of the best future stocks to buy, go directly to 12 Best Future Stocks to Buy Today.
5. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 128
Apple Inc. (NASDAQ:AAPL) has been one of the most innovative companies in the last twenty years given its introduction of the iPhone, iPad, and app store. With those products, Apple Inc. (NASDAQ:AAPL) stock has been one of the best performing big tech stocks in the last ten years and the company has become the world’s most valuable company.
Given its huge financial resources, Apple Inc. (NASDAQ:AAPL) will likely remain one of the most innovative companies in the future. In terms of new potential products, Apple Inc. (NASDAQ:AAPL) is expected to launch an AR/VR headset, Apple Cars, and potentially even foldable iPhones. If there is strong demand for those products, Apple Inc. (NASDAQ:AAPL) earnings per share could increase.
Berkshire Hathaway owned almost 900 million shares of Apple Inc. (NASDAQ:AAPL) at the end of the second quarter.
4. Alphabet Inc. (NASDAQ:GOOG)
Number of Hedge Fund Holders: 153
Alphabet Inc. (NASDAQ:GOOG) has also been one of the most innovative companies since its founding less than three decades ago. As a result of its innovation, Alphabet Inc. (NASDAQ:GOOG) has arguably the world’s best search engine and also the world’s premier video streaming service. In the future, Alphabet Inc. (NASDAQ:GOOG) is also working on future technologies such as self driving cars, delviery drones, and potential ways of extending life expectancy.
Although it faces headwinds from TikTok and a potential recession in the future, Alphabet Inc. (NASDAQ:GOOG)’s fundamentals are currently strong at least in the near term. Lakehouse Capital commented on Alphabet Inc. (NASDAQ:GOOG) in a July 2022 investor letter:
“Alphabet Inc. (NASDAQ:GOOG) reported another strong quarterly result despite the tough macroeconomic conditions. Revenue increased by 13% as Search proved resilient, primarily led by strength in the travel and retail verticals. YouTube advertising growth was lighter and moderated due to a tough comparison period and a general softening in brand advertising spend. That said, YouTube’s user engagement and time spent still continues to grow which bodes well for future monetisation opportunities. Google Cloud outpaced the company’s overall growth with revenue increasing by 36% and while it has yet to show any signs of profitability, we remain supportive of Alphabet continuing to reinvest in its cloud business given the size of the market opportunity ahead. On the cost front, the company added another 10,000 employees during the quarter, but notably, the CFO mentioned that hiring will likely slow down over the next twelve months as the company focuses on greater operating efficiency. Overall, we’re pleased with how the company has performed and are confident that management will be able to control costs, if or when the economic environment becomes more challenging.”
3. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Holders: 184
Meta Platforms, Inc. (NASDAQ:META) has also been one of the most innovative companies in the world given its Facebook app which billions of people use every month. Meta Platforms, Inc. (NASDAQ:META)’s Instagram and WhatsApp is also simple to use and also very popular.
In terms of the future, Meta Platforms, Inc. (NASDAQ:META) has made a big bet on the metaverse and the associated AR/VR technologies. Although the initial version of the company’s metaverse product, Horizon Worlds, isn’t all that great, the company is planning on improving the product substantially in the future. With advances in AI, there is definitely potential for the metaverse and Meta Platforms, Inc. (NASDAQ:META) will likely be one of the key competitors in the sector.
2. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 252
Amazon.com, Inc. (NASDAQ:AMZN) has become one of the most valuable companies in the world given its innovation of offering its own computing infrastructure on demand through Amazon Web Services.
As a result of starting early and investing substantially in the right ideas, Amazon.com, Inc. (NASDAQ:AMZN) has the leading market share in the world in the cloud, which is a huge market and still has a lot more growth in the future.
Amazon.com, Inc. (NASDAQ:AMZN) has also been one of the leaders in terms of e-commerce with its heavy investment in AI and robotics. In the future, Amazon.com, Inc. (NASDAQ:AMZN) will likely continue to remain a future stock given its investments in AI, robotics, EVs, drones, the cloud, and more.
Fisher Asset Management owned 48.6 million shares of Amazon.com, Inc. (NASDAQ:AMZN) at the end of Q2 2022.
1. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders: 258
Microsoft Corporation (NASDAQ:MSFT) is an innovative company given its cloud leadership and its huge investments in AI. Microsoft Corporation (NASDAQ:MSFT) will likely remain an innovative company given its investments in AR, VR, and AI. Given its leading position in enterprise, it’s likely the company will help develop new technologies related to how to make working in the future even more productive. With 258 hedge fund holders we track owning shares of Microsoft Corporation (NASDAQ:MSFT) at the end of Q2, the company ranks #1 on our list of 12 Best Future Stocks to Buy Today.
You can also take a look at 10 Most Valuable Internet Companies in 2000 vs. Today and 10 Biggest Industries In the US.
