In this article we discuss the 5 Best Stocks to Invest Your $1000. If you want to read our detailed analysis of these companies to invest in, go directly to the 10 Best Stocks to Invest Your $1000.
5. American Battery Metals Corporation (OTC: ABML)
Number of Hedge Fund Holders: N/A
American Battery Metals is a cheap stock to profit from the battery boom that is brought about by the EV and energy revolution in the world. The Nevada-based company mines materials used in batteries, including lithium. IEA expects that the demand for lithium is expected to grow by a factor of 30 by 2030.
4. Sea Limited (NYSE: SE)
Number of Hedge Fund Holders: 98
Singapore-based Sea Ltd has been gaining a lot of attention lately as its operates in businesses with explosive growth potential: ecommerce, video games and digital payments. BofA recently upgraded the stock to Buy from Neutral and upped its price target to $340 from $260, citing strengths in Shopee, Sea’s ecommerce business.
Notable hedge funds having stakes in the company include Cathie Wood’s ARK, which owns 3.2 million shares in the company, worth $708 million.
Cathie Wood of ARK Investment Management
Our calculations show that Sea Limited (NYSE: SE) ranks 22nd in our list of the 30 Most Popular Stocks Among Hedge Funds.
ClearBridge Investments, highlighted a few stocks in its Q1 2021 investor letter, and Sea Ltd (NYSE:SE) is one of them. Here is what the fund said:
“Singapore-based Sea maintains leading positions in Southeast Asia in video games and e-commerce and operates an emerging digital payments and banking business. While the company is investing heavily into e-commerce and payments, this growth is being funded by its highly profitable gaming segment. We see a long runway for growth across Sea’s businesses with multiple opportunities like e-commerce expansion in Latin America not fully factored into the valuation today. The company also has a well-respected management team that has successfully executed in expanding its total addressable market. Along with existing holding Alibaba, Sea provides exposure to secular growth trends in emerging markets that are harder to replicate through U.S. stocks.”
3. Plug Power Inc. (NASDAQ: PLUG)
Number of Hedge Fund Holders: 25
Plug Power Inc. (NASDAQ: PLUG) ranks 3rd in or list of the best stocks to invest your $1000 because it’s operating in the hydrogen fuel cell market, which is set to rise as the world shifts towards renewable energy sources. Plug Power’s hydrogen fuel cell systems replace conventional batteries in EVs and other products.
BTIG’s analyst Gregory Lewis recently started covering Plug Power Inc. (NASDAQ: PLUG) with a Buy rating and a $40 price target. The analyst believes the company is a “well-capitalized” first mover with strategic partners in the green hydrogen supply chain. Lewis thinks hydrogen is still in its “infancy” and green hydrogen will gain a lot of momentum in the next two decades.
2. Apple Inc. (NASDAQ: AAPL)
Number of Hedge Fund Holders: 127
Apple Inc. (NASDAQ: AAPL) remains one of the safest options to invest your $1000 as the company goes through major transformations to cut its reliance on iPhone and create new revenue streams like software, services, streaming and self-driving cars. The company reportedly plans to launch a new iPad mini this year and also eyes to announce a new iPad Pro with wireless charging in 2022, according to Bloomberg. Media reports also suggest that Apple (NASDAQ:AAPL) is in talks with Chinese EV battery makers CATL and BYD for battery-related supply deals for Apple Car.
Warren Buffett’s Berkshire Hathaway currently holds 887.1 million shares of Apple that amounts to $108.4 billion. AAPL occupies 40.07% of Berkshire’s total portfolio.
ClearBridge Investments, in its Q1 2021 investor letter, mentioned Apple Inc. (NASDAQ: AAPL). Here is what the fund said:
“As we actively manage holdings and position sizes, we look to regularly recycle capital into more compelling opportunities. Maintaining our valuation discipline, we sharply reduced our position in Apple, whose shares more than doubled following our initial purchase in mid-2019 with an earnings multiple rising from the low-to-mid teens to nearly 30x.”
1. Arena Pharmaceuticals, Inc. (NASDAQ: ARNA)
Number of Hedge Fund Holders: 33
California-based Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) is a small molecule drugs company. Earlier in June, Credit Suisse added the stock to its “top outperform ideas” list. The FDA recently granted Orphan Drug Designation status to the company’s etrasimod, a treatment of eosinophilic esophagitis (EoE), a chronic, allergic inflammatory disease of the esophagus. In the first quarter, Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) posted GAAP EPS of -$1.98, beating the Street’s consensus by $0.20. Cash, cash equivalents and marketable securities came in at $1.1 billion.
VenBio Select Advisor currently owns 4.05 million shares of ARNA, worth $281 million. ARNA occupies 4.85% of VenBio Select’s overall equity.
You can also take a peek at 10 Best Cheap Tech Stocks to Buy According to Cathie Wood and 10 Best Stocks to Buy for Financial Independence.
