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. If you want to learn more about what’s happening in the stock market right now and where things might be heading considering the latest economic data sets, investor sentiment, and future decisions by the Federal Reserve, then read 11 Best Stocks to Buy for the Next 10 Years.

5. Lizhi Inc. (NASDAQ:LIZI)

Trailing P/E Ratio: 2.47

Lizhi Inc. (NASDAQ:LIZI) is a Chinese technology company that operates content streaming and social media platforms. The firm has beaten analyst EPS estimates in all four of its latest quarters, but revenue, monthly average users, and paying users all dropped annually during the third quarter.

Just one hedge fund among the 910 tracked by Insider Monkey had bought Lizhi Inc. (NASDAQ:LIZI)’s shares during Q3 2023. This lone investor was Jim Simons’ Renaissance Technologies which owned a $67,000 stake.

4. Castor Maritime Inc. (NASDAQ:CTRM)

Trailing P/E Ratio: 0.77

Castor Maritime Inc. (NASDAQ:CTRM) is a Cyprus based diversified ocean shipping company that transports dry and wet cargo. 2023 has been a busy year for the firm when it comes to fleet management as it has sold several ships to raise funds.

By the end of 2023’s September quarter, four out of the 910 hedge funds surveyed by Insider Monkey were the firm’s investors. Castor Maritime Inc. (NASDAQ:CTRM)’s biggest hedge fund investor in our database is Israel Englander’s Millennium Management as it owns $68,434 worth of shares.

3. Netcapital Inc. (NASDAQ:NCPL)

Trailing P/E Ratio: 0.65

Netcapital Inc. (NASDAQ:NCPL) is an American financial technology firm that enables private investors to invest digitally by connecting with investees. Analysts have set an average share price target of $2.80 for the firm and its average revenue growth rate is 138%.

Insider Monkey scoured through 910 hedge fund portfolios for this year’s third quarter and found that two had held a stake in Netcapital Inc. (NASDAQ:NCPL).

2. Exicure, Inc. (NASDAQ:XCUR)

Trailing P/E Ratio: 0.23

Exicure, Inc. (NASDAQ:XCUR) is an American biotechnology company developing pain and cancer treatments. It is part of the highly speculative biotechnology sector that often sees firms either post explosive growth or go out of business, and Exicure, Inc. (NASDAQ:XCUR)’s average revenue growth rate is 24%.

During 2023’s September quarter, three hedge funds out of the 910 polled by Insider Monkey had invested in the company. Clint Carlson’s Carlson Capital was the largest Exicure, Inc. (NASDAQ:XCUR) stakeholder courtesy of its $82,080 stake.

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.

Disclosure: None. You can also take a look at 15 Best Colognes for Men Under $50 and Billionaire Louis Bacon’s 10 Stock Picks with Huge Upside Potential.

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