5 Best Stocks to Buy for the Next 10 Years

In this piece, we will take a look at the five best stocks to buy for the next ten years. For more stocks, head on over to 10 Best Stocks to Buy for the Next 10 Years.

5. AMTD IDEA Group (NYSE:AMTD)

Trailing Twelve Month P/E: 1.24

AMTD IDEA Group (NYSE:AMTD) is an asset management company headquartered in Hong Kong. The firm provides different services such as debt services, credit ratings, and institutional sales.

AMTD IDEA Group (NYSE:AMTD) entered into an agreement with another firm in January 2023 to develop products for the metaverse. The firm is also on the SEC’s Holding Foreign Companies Accountable Act list.

4. Imperial Petroleum Inc. (NASDAQ:IMPP)

Trailing Twelve Month P/E: 0.99

Imperial Petroleum Inc. (NASDAQ:IMPP) is a shipping company headquartered in Athens, Greece. The firm ships petroleum products and chemicals through its medium range tankers.

Imperial Petroleum Inc. (NASDAQ:IMPP) announced in February 2023 that it is expanding its shipping portfolio by acquiring two dry bulk carriers. These will add an estimated 71,000 deadweight tonnes of capacity to the firm’s portfolio. The deal is expected to cost the firm $25.5 million and shares of its preferred stock. As of last year’s December quarter, two of the 943 hedge funds surveyed by Insider Monkey had bought the firm’s shares.

3. United Maritime Corporation (NASDAQ:USEA)

Trailing Twelve Month P/E: 0.64

United Maritime Corporation (NASDAQ:USEA) is a shipping company headquartered in Glyfada, Greece. The firm operates flour tankers and dry bulk tanker vessels.

United Maritime Corporation (NASDAQ:USEA) expanded its fleet in February 2023 when it announced that it will buy two Kamsarmax dry bulk vessels. At the same time, it also entered into a charter agreement for a Japanese built PANAMAX vessel. The two new ships are expected to cost the firm $39.2 million, and the charter is expected to cost the firm another $7 million with an option to buy the vessel at end of the agreement’s stipulated 18 month period. One of the 943 hedge funds part of Insider Monkey’s database had invested in the firm in last year’s December quarter.

2. Chimerix, Inc. (NASDAQ:CMRX)

Trailing Twelve Month P/E: 0.78

Chimerix, Inc. (NASDAQ:CMRX) is a healthcare company headquartered in Durham, North Carolina. The firm develops treatments for deadly diseases such as tumors, pancreatic cancer, COVID-19, and leukemia.

Chimerix, Inc. (NASDAQ:CMRX)’s fourth quarter results revealed in March 2023 saw the firm report $814,000 in revenue, which was almost double the consensus estimate of $418,000. As of Q4 2022, 14 of the 943 hedge funds polled by Insider Monkey had bought the firm’s shares.

Chimerix, Inc. (NASDAQ:CMRX)’s largest investor in our database is David Rosen’s Rubric Capital Management which owns 7.5 million shares that are worth $13.9 million.

1. Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN)

Trailing Twelve Month P/E: 0.43

Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN) is a Chinese financial services company headquartered in Shanghai, China. The firm’s platform provides supply chain management solutions as well as allows companies to secure financing.

Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN) announced in February 2023 that it is expanding its presence in the lucrative grain and commodities market. Two of the 943 hedge funds polled by Insider Monkey had bought the firm’s shares in Q4 2022.

Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN)’s largest investor is Hal Mintz’s Sabby Capital which owns one million shares that are worth $609,823.

Disclosure: None. You can also take a look at 10 High-Growth Lithium Stocks to Buy and 10 Most Advanced Countries in Nuclear Fusion.

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