5 Best Short-Term Stocks To Buy Now

In this article, we will be taking a look at the 5 best short-term stocks to buy now. To read our detailed analysis of current stock market dynamics, you can go directly to see the 15 Best Short-Term Stocks To Buy Now.

5. Airbnb, Inc. (NASDAQ:ABNB)

Number of Hedge Fund Holders: 54

One-year Return as of February 28: -17.02%

Airbnb, Inc. (NASDAQ:ABNB) is a company operating a platform enabling hosts to offer stays and experiences to guests. The company is based in San Francisco, California.

John Staszak at Argus upgraded Airbnb, Inc. (NASDAQ:ABNB) shares from Hold to Buy on February 28.

Airbnb, Inc. (NASDAQ:ABNB) shares have risen by 45.21% year-to-date, and analysts foresee a further upside on the stock of 14.22%. Argus analysts have a $144 price target on the stock as of February 28. When the company went public in 2020, its stock rallied up to 50% and then fell by 40%. As of this February, the stock has again risen to now be trading around its IPO levels, showing how volatile it really is.

There were 54 hedge funds long Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter. Their total stake value was $1.6 billion.

ClearBridge Investments, an investment management firm, mentioned Airbnb, Inc. (NASDAQ:ABNB) in its fourth-quarter 2022 investor letter. Here’s what the firm said:

“Names like Airbnb, Inc. (NASDAQ:ABNB) and data warehouse software provider Snowflake (SNOW), which we added to during the quarter, offer better than average growth exposure with strong margins and cash generation that should allow the Strategy to capture better upside in markets with greater price momentum. We partner these higher-growth names with the stability, predictability and economic insensitivity provided by our large cap health care positions. We are striving to strike a balance in the portfolio across varying growth rates, consumer and enterprise as well as international and domestic equity markets.”

4. Warner Bros. Discovery Inc. (NASDAQ:WBD)

Number of Hedge Fund Holders: 60

One-year Return as of February 28: -37.67%

Warner Bros. Discovery Inc. (NASDAQ:WBD) is a communication services company. It is based in New York.

An Outperform rating was reiterated on Warner Bros. Discovery Inc. (NASDAQ:WBD) shares on January 31 by Macquarie analyst Tim Nollen.

Despite their one-year decline, Warner Bros. Discovery Inc. (NASDAQ:WBD) shares have risen by 63.73% year-to-date. Analysts like Nollen at Macquarie have place higher price targets on the stock, with Nollen’s price target standing at $20 as of January 31. In general, analysts foresee an upside potential of 18.82% on the shares.

Out of the 943 hedge funds tracked by Insider Monkey in the fourth quarter, 60 funds were long Warner Bros. Discovery Inc. (NASDAQ:WBD), with a total stake value of $1.3 billion.

Longleaf Partners, managed by Southeastern Asset Management, mentioned Warner Bros. Discovery Inc. (NASDAQ:WBD) in its fourth-quarter 2022 investor letter. Here’s what the firm said:

“Warner Bros. Discovery, Inc. (NASDAQ:WBD) – Media conglomerate Warner Bros Discovery (WBD) was another top detractor in the quarter and for the year. As has been documented in almost every form of media over the last several months, while we and WBD’s board/management knew there were things wrong at Warner Brothers under AT&T, it turned out to be even worse than expected. The aforementioned advertising market is not helping WBD either. While the brand and library values remain intact, the realization of this value has been deferred. With leverage closer to 5x than the sub-4x we thought we would be looking at in 2023, the market’s judgment has been harsh. We remain confident in management and growing free cash flow from here, with eight different insiders buying shares personally this year. We encourage you to listen to Partners Fund PM Ross Glotzbach interviewing WBD CEO and President David Zaslav in the latest episode of the Price-to-Value Podcast.”

3. Shopify Inc. (NYSE:SHOP)

Number of Hedge Fund Holders: 66

One-year Return as of February 28: -41.09%

Shopify Inc. (NYSE:SHOP) is a commerce company offering a commerce platform across the globe. It is based in Ottawa, Canada.

On February 22, DA Davidson’s Gil Luria upgraded shares of Shopify Inc. (NYSE:SHOP) from Neutral to Buy.

Year-to-date, Shopify Inc. (NYSE:SHOP) shares have gained about 15.30%. Analysts foresee a further upside potential of 16.26% on the shares. The company has been on an upwards climb since 2013 when its revenue came in at $50.3 million. This is represented by its 2022 revenue of about $5.6 billion.

Our hedge fund data for the fourth quarter shows 66 funds long Shopify Inc. (NYSE:SHOP). Their total stake value was $2.6 billion.

2. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Number of Hedge Fund Holders: 97

One-year Return as of February 28: -36.80%

Advanced Micro Devices, Inc. (NASDAQ:AMD) is an information technology and semiconductors company. It is based in Santa Clara, California.

A Buy rating was reiterated on Advanced Micro Devices, Inc. (NASDAQ:AMD) shares on February 14 by Benchmark analyst Cody Acree.

Analysts see an upside potential of 18.17% on Advanced Micro Devices, Inc. (NASDAQ:AMD) shares, and the stock has already gained about 22.74% year-to-date. In 2022, the company saw significant financial growth, with revenues rising by 44% year-over-year from $16.4 billion to $23.6 billion.

A total of 97 hedge funds were long Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, with a total stake value of $5.7 billion.

1. Salesforce.com, inc. (NYSE:CRM)

Number of Hedge Fund Holders: 117

One-year Return as of February 28: -22.90%

Salesforce.com, inc. (NYSE:CRM) is an application software company providing customer relationship management technology. It is based in San Francisco, California.

Keith Bachman at BMO Capital holds an Outperform rating on Salesforce.com, inc. (NYSE:CRM) shares as of February 24.

Bachman also raised his price target on Salesforce.com, inc. (NYSE:CRM) shares from $172 to $185. This shows analyst sentiment on the stock having significant upside potential, with most analysts agreeing that Salesforce.com, inc. (NYSE:CRM) has an upside potential of about 16.81%. The company’s shares have already risen by about 21.39% year-to-date despite their one-year decline.

Salesforce.com, inc. (NYSE:CRM) was found among the 13F holdings of 117 hedge funds in the fourth quarter. Their total stake value was $8.4 billion.

See also 10 Best Guru Stocks To Buy and 10 Cheap Warren Buffett Stocks To Buy.