5 Best High Volume Stocks To Buy Today

3. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 156

While Alphabet Inc. (NASDAQ:GOOG) shares are wavering amid the pressure the company is feeling after the launch of ChatGPT, weak quarterly results and headwinds in the advertising business space, the stock is still one of the best high-volume stocks to buy now. Analysts believe Alphabet Inc. (NASDAQ:GOOG) is in a strong position to counter the ChatGPT threat as it’s a pioneer in the AI domain. Alphabet Inc. (NASDAQ:GOOG) recently revealed its ChatGPT competitor, Bard. As of the end of the third quarter of 2022, 196 hedge funds had stakes in Alphabet Inc. (NASDAQ:GOOG). This makes Alphabet one of the top stocks to buy according to hedge funds.

Here is what Stewart Asset Management has to say about Alphabet Inc. (NASDAQ:GOOG) in its Q3 2022 investor letter:

“We invest in businesses with strong, resilient earnings growth which are less cyclical. In the pandemic recession of 2020, the aggregate earnings of the portfolios we manage did not decline year-over-year, and in fact grew, albeit modestly. Looking at the Great Recession which began at year-end 2007 and lasted to mid-year 2009 is helpful too. Our four largest current holdings in the portfolio weathered that period well. Alphabet (NASDAQ:GOOG), then called Google, reported earnings that doubled from 2007 to 2010.”