5 Best Stocks to Buy for High Returns

In this piece, we will take a look at the five best stocks to buy for high returns. For more stocks, head on over to 10 Best Stocks to Buy for High Returns.

5. UnitedHealth Group Incorporated (NYSE:UNH)

Q/Q Sales Growth: 13%

Number of Hedge Fund Holders in Q4 2022: 110

UnitedHealth Group Incorporated (NYSE:UNH) is one of the largest healthcare companies in America. The firm was set up in 1977 and is headquartered in Minnetonka, Minnesota. It provides benefit plans, consultancy, and other products.

UnitedHealth Group Incorporated (NYSE:UNH) raked in a whopping $81.9 billion in revenue during its December quarter, which, despite its heft, marked a 13% annual growth. During the same time period, 110 of the 943 hedge funds polled by Insider Monkey had invested in the firm.

UnitedHealth Group Incorporated (NYSE:UNH)’s largest investor is Rajiv Jain’s GQG Partners which owns 3.9 million shares that are worth $2 billion.

4. Salesforce, Inc. (NYSE:CRM)

Q/Q Sales Growth: 14%

Number of Hedge Fund Holders in Q4 2022: 117

Salesforce, Inc. (NYSE:CRM) is a software company headquartered in San Francisco, California. The firm enables other companies to navigate their customer relationships, generate insights, and run analytics.

Salesforce, Inc. (NYSE:CRM)’s third fiscal quarter which ended in October 2022 enabled it to earn $7.8 billion in revenue for a 14% annual growth. This growth was hampered by a strong U.S. dollar, as its overseas earnings saw less dollar income. The company explained that in constant currency terms, the results would have marked a 19% annual growth. 117 of the 943 hedge funds polled by Insider Monkey during last year’s fourth quarter had bought the firms’ shares.

Salesforce, Inc. (NYSE:CRM)’s largest investor in our database is Ken Fisher’s Fisher Asset Management which owns 13.8 million shares that are worth $1.8 billion.

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

Q/Q Sales Growth: 16%

Number of Hedge Fund Holders in Q4 2022: 97

Advanced Micro Devices, Inc. (NASDAQ:AMD) is an American firm that designs and sells computing products such as CPUs, GPUs, and more. It is headquartered in Santa Clara, California.

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s fourth quarter of fiscal 2022 allowed it to remain on a growth trajectory even as the industry was facing a slowdown. The firm earned $5.59 billion in revenue for 16% annual growth. Insider Monkey polled 943 hedge funds for their Q4 2022 investments to discover that 97 had held a stake in the company.

Ken Fisher’s Fisher Asset Management is Advanced Micro Devices, Inc. (NASDAQ:AMD)’s largest shareholder. It owns 25 million shares that are worth $1.6 billion.

2. JPMorgan Chase & Co. (NYSE:JPM)

Q/Q Sales Growth: 17.7%

Number of Hedge Fund Holders in Q4 2022: 100

JPMorgan Chase & Co. (NYSE:JPM) is the world’s biggest private bank in terms of total assets. It is also one of the oldest since it was set up in 1799 and is currently headquartered in New York, New York.

As part of its fourth quarter of 2022 earnings, JPMorgan Chase & Co. (NYSE:JPM) raked in a massive $34.5 billion in net sales. This recorded a 17.7% annual growth, and as of December 2022, 100 of the 943 hedge funds surveyed by Insider Monkey had owned its shares.

JPMorgan Chase & Co. (NYSE:JPM)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 8.1 million shares that are worth $1 billion.

1. S&P Global Inc. (NYSE:SPGI)

Q/Q Sales Growth: 41%

Number of Hedge Fund Holders in Q4 2022: 97

S&P Global Inc. (NYSE:SPGI) is a research and analysis firm that provides credit ratings, analytics, and other products to the global investment community. The firm is based in New York, New York.

S&P Global Inc. (NYSE:SPGI) had a bumper fourth quarter of 2022 as it earned $2.4 billion in revenue for a 41% annual growth. However, the firm’s bottom line shrank by 35% as its ratings business struggled. Insider Monkey dug through 943 hedge funds for their fourth quarter of 2022 portfolios and found out that 97 had invested in the firm.

Out of these, Chris Hohn’s TCI Fund Management is S&P Global Inc. (NYSE:SPGI)’s largest shareholder. It owns 9.1 million shares that are worth $3 billion.

Disclosure: None. You can also take a look at 12 High Growth Penny Stocks that are Profitable and Bill Gates’ Current Portfolio: 10 Dividend Stocks.

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