5 Best Short-Term Stocks to Invest In

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1. Globalstar, Inc. (NYSE:GSAT)

3-Month Return as of November 21: 37.74%

One-Year Return as of November 21: -19.34%

Number of Hedge Fund Holders: 16

Eagle, Idaho-based, Globalstar, Inc. (NYSE:GSAT) is an international telecom infrastructure provider offering satellite and terrestrial connectivity services. Its LEO satellite constellation assures secure data transmission for consumers, businesses, and government agencies across the globe.

On November 2, Globalstar, Inc. (NYSE:GSAT) released its financial results for Q3 2023. Its revenue increased by 53% y-o-y to $58 million, while it generated a net loss of $6 million, 97% lower than last year.

Earlier on August 29, Globalstar, Inc. (NYSE:GSAT) announced the appointment of Paul E. Jacobs, Ph.D., founder, and CEO of XCOM Labs and former CEO and Executive Chairman of Qualcomm, as CEO of Globalstar.

Globalstar, Inc. (NYSE:GSAT) has made it to the top of our list of 14 Best Short-Term Stocks to Invest In based on its 3-month return of 37.74%, as of November 21. As of September 30, the stock featured in the portfolios of 16 of the 910 hedge funds tracked by Insider Monkey with the total value of shares held by these hedge funds amounting to $71 million.

You may also like to read Billionaire Andreas Halvorsen’s Stock Portfolio: 10 Top Stock Picks and Billionaire Seth Klarman’s Biotech Stock Picks

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