5 Cheap Reliable Stocks to Buy Now

In this piece, we will take a look at five cheap reliable stocks to buy now. For more stocks to buy, head on over to 10 Cheap Reliable Stocks to Buy Now. 

5. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Shareholders in Q4 2022: 66

Walmart Inc. (NYSE:WMT) is the world’s largest retailer. It has more than ten thousand stores all over the world and more than two million employees. The firm is known for large warehouses, alongside supermarkets, hypermarkets, and cash and carry stores.

Insider Monkey dug through 943 hedge funds for their fourth quarter of 2022 investments and found out that 66 had held a stake in Walmart Inc. (NYSE:WMT). Out of these, Ken Fisher’s Fisher Asset Management is the company’s largest investor since it owns 8.4 million shares that are worth $1.1 billion.

4. Lowe’s Companies, Inc. (NYSE:LOW)

Number of Hedge Fund Shareholders in Q4 2022: 68

Lowe’s Companies, Inc. (NYSE:LOW) is an American company that is headquartered in Mooresville, North Carolina. Like Home Depot, it also primarily sells home improvement products. Some of the products in its stores include hardware, flooring, plumbing, kitchen, and bathroom products.

As of Q4 2022, 68 of the 943 hedge funds part of Insider Monkey’s database had bought the company’s shares. Lowe’s Companies, Inc. (NYSE:LOW)’s largest hedge fund investor is Bill Ackman’s Pershing Square which owns 10.3 million shares that are worth $2 billion.

3. The TJX Companies, Inc. (NYSE:TJX)

Number of Hedge Fund Shareholders in Q4 2022: 69

The TJX Companies, Inc. (NYSE:TJX) is an American company based in Framingham, Massachusetts. It has operations in North America and other countries and sells products including apparel, furniture, cooking accessories, and food products.

Insider Monkey polled 943 hedge funds for their December quarter of 2022 shareholdings and found out that 69 had held The TJX Companies, Inc. (NYSE:TJX)’s shares. Out of these, Panayotis Takis Sparaggis’s Alkeon Capital Management is the company’s largest investor in our database since it owns 5 million shares that are worth $404 million.

2. CVS Health Corporation (NYSE:CVS)

Number of Hedge Fund Shareholders in Q4 2022: 70

CVS Health Corporation (NYSE:CVS) is a healthcare retailer. It operates one of the largest pharmaceutical products retail chain in the U.S., and sells prescriptions and over the counter drugs alongside wellness and beauty products. The company is headquartered in Woonsocket, Rhode Island.

As of last year’s fourth quarter, 70 of the 943 hedge funds profiled by Insider Monkey had invested in the company. CVS Health Corporation (NYSE:CVS)’s largest investor is Cliff Asness’ AQR Capital Management which owns 4.2 million shares that are worth $396 million.

1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Shareholders in Q4 2022: 240

Amazon.com, Inc. (NASDAQ:AMZN) is the largest electronic commerce retailer in the world. The company operates an online platform that connects merchants with their customers. Estimates suggest that Amazon has a whopping 12 million+ products in its inventory.

240 of the 943 hedge funds surveyed by Insider Monkey had bought Amazon.com, Inc. (NASDAQ:AMZN)’s shares in Q4 2022. Ken Fisher’s Fisher Asset Management is Amazon.com, Inc. (NASDAQ:AMZN)’s largest hedge fund investor with a $4.2 billion stake.

Disclosure: None. You can also take a look at 13 Most Profitable Industrial Stocks Now and 11 Best Debt Free Stocks to Buy.

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