5 Best Strong Buy Stocks To Invest In

In this piece, we will take a look at the five best strong buy stocks to invest in. If you want to take a deeper look at how strong buy ratings fit in with the broader financial industry, then read 15 Best Strong Buy Stocks To Invest In.

5. Insmed Incorporated (NASDAQ:INSM)

Number of Q3 2023 Hedge Fund Shareholders: 38

Insmed Incorporated (NASDAQ:INSM) is a small biotechnology company that develops treatments for people with severe lung diseases and the resulting impacts on heart and cardiovascular health. Heading into its fourth quarter of 2022 earnings report that is due later this month, investors will be hoping for a much needed EPS beat after recent poor performance.

For their Q3 2023 shareholdings, 38 out of the 910 hedge funds profiled by Insider Monkey had bought Insmed Incorporated (NASDAQ:INSM)’s shares. David Kroin’s Deep Track Capital owned the biggest stake out of these which was worth $151 million.

4. Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Number of Q3 2023 Hedge Fund Shareholders: 40

Frontier Communications Parent, Inc. (NASDAQ:FYBR) is a telecommunications company that is one of the oldest of its kind since it was set up in Dallas, Texas. Perhaps there’s some trouble brewing at the firm that has escaped the public’s attention, as a shareholder released a letter in February 2024 outlining that it has full faith in Frontier Communications Parent, Inc. (NASDAQ:FYBR)’s management’s ability to unlock future value and deliver growth.

During 2023’s September quarter, 40 out of the 910 hedge funds covered by Insider Monkey’s research had invested in the company. Frontier Communications Parent, Inc. (NASDAQ:FYBR)’s largest stakeholder among these is Matthew Barrett’s Glendon Capital Management due to its $378 million investment.

3. Lantheus Holdings, Inc. (NASDAQ:LNTH)

Number of Q3 2023 Hedge Fund Shareholders: 44

Lantheus Holdings, Inc. (NASDAQ:LNTH) is a small medical materials provider that provides doctors and other healthcare professionals with products used to diagnose and treat cancer. The firm has been doing well on the financial front as of late since it has beaten analyst EPS estimates in all four of its latest quarters.

For their third quarter of 2023 shareholdings, 44 out of the 910 hedge funds profiled by Insider Monkey were Lantheus Holdings, Inc. (NASDAQ:LNTH)’s shareholders. Thomas Steyer’s Farallon Capital owned the biggest stake among these which was worth $111 million.

2. Baidu, Inc. (NASDAQ:BIDU)

Number of Q3 2023 Hedge Fund Shareholders: 44

Baidu, Inc. (NASDAQ:BIDU) is one of the biggest social media companies in China. Its massive user base provides it with key stability for today’s Chinese environment and has allowed Baidu, Inc. (NASDAQ:BIDU) to hold the fort and beat analyst EPS estimates in all four recent quarters as well. Baidu, Inc. (NASDAQ:BIDU) making big moves in the Chinese artificial intelligence industry, and the firm announced a partnership with Lenovo on that front recently.

By the end of last year’s third quarter, 44 out of the 910 hedge funds surveyed by Insider Monkey had bought and owned a stake in the firm. Baidu, Inc. (NASDAQ:BIDU)’s largest hedge fund investor among these is Panayotis Takis Sparaggis’s Alkeon Capital Management as it owns $331 million worth of shares.

1. Valaris Limited (NYSE:VAL)

Number of Q3 2023 Hedge Fund Shareholders: 48

Valaris Limited (NYSE:VAL) is a backend energy company that provides oil and gas companies with drilling equipment. January 2024 saw the firm score a big win, after it landed a deal with Brazil’s largest state owned oil exploration company for an offshore drillship contract covering more than three years.

As of Q3 2023 end, 48 out of the 910 hedge funds tracked by Insider Monkey had bought and owned Valaris Limited (NYSE:VAL)’s shares. William B. Gray’s Orbis Investment Management was the firm’s biggest shareholder due to its $378 million investment.

Disclosure: None. You can also take a look at 11 Best Gold Stocks For Inflation and 15 Best Blue Chip Dividend Stocks To Buy.

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