5 Best Stocks to Buy for the Next 10 Years

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1. Imperial Petroleum Inc. (NASDAQ:IMPP)

Trailing P/E Ratio: 0.23

Imperial Petroleum Inc. (NASDAQ:IMPP) is an ocean wet and dry cargo carrier headquartered in Athens, Greece. During the first nine months of this year, it earned $64.7 million in net income to mark a rather explosive 309% annual growth. Its third quarter was a slow one, as fleet utilization dropped to 70% due to a slow market.

Three out of the 910 hedge funds part of Insider Monkey’s Q3 2023 database had bought Imperial Petroleum Inc. (NASDAQ:IMPP)’s shares.

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