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5 Best Stocks To Buy Right Now

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In this article, we will discuss the 5 best stocks to buy right now. If you want to explore similar stocks, you can also take a look at 10 Best Stocks To Buy Right Now.

5. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 153

Alphabet Inc. (NASDAQ:GOOG) is one of the most innovative companies in the world and is constantly releasing new products and services. The stock is currently trading at a PE multiple of 18x and is offering an optimal buying opportunity for investors. The company has a trailing twelve-month operating margin of 29.65% and an ROE of 29.22%. In addition to being profitable and efficient at making profits for shareholders, Alphabet Inc. (NASDAQ:GOOG) also has a strong cash position. The company has free cash flows of $65 billion.

On October 25, KeyBanc analyst Justin Patterson revised his price target on Alphabet Inc. (NASDAQ:GOOG) to $120 from $125 and reiterated an Overweight rating on the shares. This October, Deutsche Bank analyst Benjamin Black adjusted his price target on Alphabet Inc. (NASDAQ:GOOG) to $130 from $135 and maintained a Buy rating on the shares.

At the end of Q2 2022, 153 hedge funds were bullish on Alphabet Inc. (NASDAQ:GOOG) and held stakes worth $22.29 billion in the company. As of June 30, TCI Fund Management is the most prominent investor in Alphabet Inc. (NASDAQ:GOOG) and has stakes worth $5.4 billion in the company.

Here is what Ensemble Capital Management had to say about Alphabet Inc. (NASDAQ:GOOG) in its third-quarter 2022 investor letter:

“Alphabet Inc. (NASDAQ:GOOG) (-12.2%): While Google’s advertising business has been far more resilient than the overall online ad industry, second quarter results showed slowing demand. After starting the year hiring at a 20% annualized growth rate, Google has greatly slowed hiring as online advertising demand has slowed abruptly.”

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AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

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Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

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Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

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AI is at a similar inflection point.

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Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…