5 Best Hot Stocks To Buy Right Now

1. Peabody Energy Corporation (NYSE:BTU)

YTD Return as of October 17: 135.80%

Number of Hedge Fund Holders: 29

Peabody Energy Corporation (NYSE:BTU) is a leading coal mining company that has operations in the United States, Japan, Taiwan, Australia, India, Indonesia, China, Vietnam, South Korea, and international markets. The company has four divisions: Seaborne Thermal Mining, Seaborne Metallurgical Mining, Powder River Basin Mining, and Other U.S. Thermal Mining. At the end of Q2 2022, 29 hedge funds disclosed ownership of stakes in Peabody Energy Corporation (NYSE:BTU). The total stakes of these hedge funds amounted to $867.3 million. As of June 30, Elliott Management is the top shareholder in Peabody Energy Corporation (NYSE:BTU) and has stakes worth $551.59 million in the company.

Peabody Energy Corporation (NYSE:BTU) is creating a lot of activity on Wall Street and as of October 17, the stock has surged 135.80% year to date and has a 3-month average trading volume of 5.5 million. The company has free cash flows of $301.7 million and has a trailing twelve-month operating margin of 17.20%. Peabody Energy Corporation (NYSE:BTU) is trading at attractive valuations and presenting investors an opportunity to rack up shares of the stock into weakness. As of October 17, the stock is trading at a PE multiple of 4x. Peabody Energy Corporation (NYSE:BTU) is one of the best momentum stocks to buy now.

On October 11, B. Riley analyst Lucas Pipes raised his price target on Peabody Energy Corporation (NYSE:BTU) to $31 from $28 and reiterated a Buy rating on the shares. Over the past three months, the stock has received 2 Buy ratings and 1 Hold rating from Wall Street analysts and has a consensus Buy rating. The stock’s average price target of roughly $29 implies an upside of 10.39% from current levels.

You can also take a look at 10 Best LNG Stocks To Buy and 10 Best Value Stocks To Buy.

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