In this article, we discuss the 5 most active stocks to buy now. If you want to read about some more active stocks, go directly to 12 Most Active Stocks to Buy Now.
5. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Number of Hedge Fund Holders: 87
Volume as of November 14: 92.98 million
Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor company worldwide. It is one of the most active stocks to buy now. On October 20, Advanced Micro Devices revealed it would soon unveil the next generation of AMD Radeon graphics which will deliver new levels of performance, and efficiency to gamers and content creators.
On November 2, Stifel analyst Ruben Roy maintained a Buy rating on Advanced Micro Devices, Inc. (NASDAQ:AMD) stock and lowered the price target to $91 from $100, noting that the overall sales for the firm in Q3 increased 29% year-over-year on strong growth across the Data Center, Gaming and Embedded segments, despite significantly lower client revenue.
At the end of the second quarter of 2022, 87 hedge funds in the database of Insider Monkey held stakes worth $4.8 billion in Advanced Micro Devices, Inc. (NASDAQ:AMD), compared to 83 in the previous quarter worth $6.9 billion.
In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Advanced Micro Devices, Inc. (NASDAQ: AMD) was one of them. Here is what the fund said:
“Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global fabless semiconductor company focusing on high-performance computing technology, software, and products. AMD designs leading high-performance central and graphics processing units (known as CPUs and GPUs) and integrates them with hardware and software to build differentiated solutions for customers.
AMD has been gaining meaningful share in personal computing and server end markets over the past several years driven by the performance of its processors and technology and strong execution against its technology roadmap, and we believe share gains will continue over the coming years from a combination of AMD’s continued advancements and Intel’s stumbles in developing its leading-edge technology (…read more)
4. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 128
Volume as of November 14: 91.40 million
Apple Inc. (NASDAQ:AAPL) designs, manufactures and markets smartphones, personal computers, tablets, wearables, and accessories. It is one of the most active stocks to buy now. On November 2, Apple confirmed the launch of the 5G iOS 16 Beta program in India. Apple Airtel and Jio customers who participate in the iOS 16 Beta software program will be able to try out 5G before it is available publicly.
On October 28, Baird analyst William Power maintained an Outperform rating on Apple Inc. (NYSE:AAPL) stock and lowered the price target to $170 from $185.
At the end of the second quarter of 2022, 128 hedge funds in the database of Insider Monkey held stakes worth $143 billion in Apple Inc. (NASDAQ:AAPL), compared to 131 in the previous quarter worth $182 billion.
In its Q2 2022 investor letter, Alger Capital, an asset management firm, highlighted a few stocks and Apple Inc. (NASDAQ:AAPL) was one of them. Here is what the fund said:
“Apple Inc. (NASDAQ:AAPL) is a leading technology provider in telecommunications. computing and services. Apple’s iOS operating system is the company’s unique intellectual property and competitive strength. This software drives extremely tight engagement with consumers and enterprises. The engagement is fostering the growing purchase of high-margin services like music, apps, and apple pay. Apple’s shares detracted from performance as management lowered its guidance for the second quarter due to headwinds from the war in Ukraine, adverse foreign currency shifts, and dampened consumer demand associated with the coronavirus in China. Additionally, many investors were concerned that lockdowns implemented to curtail the spread of COVID-19 would impact the production of apple products, however, the manufacturing facilities have resumed activity.”
3. Uber Technologies, Inc. (NYSE:UBER)
Number of Hedge Fund Holders: 129
Volume as of November 14: 28.30 million
Uber Technologies, Inc. (NYSE:UBER) develops and operates proprietary technology applications worldwide. It is one of the most active stocks to buy now. On November 1, Uber revealed $8.3 billion in revenue for the three months ending in September, which is a 72 percent increase from the prior year because of the strong demand for rides and meal deliveries amidst inflation and recession.
On October 24, Cowen analyst John Blackledge maintained an Outperform rating on Uber Technologies, Inc. (NYSE:UBER) stock and lowered the price target to $70 from $76, noting that the company’s third quarter gross bookings were driven by the ongoing recovery in Mobility and expansion of core EBITDA margins.
At the end of the second quarter of 2022, 129 hedge funds in the database of Insider Monkey held stakes worth $5.3 billion in Uber Technologies, Inc. (NYSE:UBER), compared to 144 in the preceding quarter worth $8.5 billion.
In its Q2 2022 investor letter, RiverPark Funds, an asset management firm, highlighted a few stocks and Uber Technologies, Inc. (NYSE:UBER) was one of them. Here is what the fund said:
“Uber Technologies, Inc. (NYSE:UBER) is a global technology platform that enables the transportation of people and products across cities and countries. The company’s three main business lines are 1) Mobility where the company is the number one or two player in the app-based personal transportation market in 10,000+ cities globally, 2) Delivery- (Uber Eats in the US) home delivery of prepared meals, grocery, liquor, and increasingly general retail products in seven of the top ten GDP markets globally, and 3) Freight- the largest global marketplace for end-to-end freight solutions including one million digitally connected truck drivers. In the company’s most recent quarter, it grew gross bookings by 35% year over year, consummated transactions with 115 million unique customers, completed 1.7 billion trips a month, and all three divisions were adjusted EBITDA positive (…read more)
2. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Holders: 184
Volume as of November 14: 59.83 million
Meta Platforms Inc. (NASDAQ:META) develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It is one of the most active stocks to buy now. On November 2, the CEO of Instagram, a subsidiary of Meta Platforms, made it clear that the iPad app is not a big priority for the company. On October 31, Instagram disclosed that it has fixed the bug which caused thousands of users to sign out from the app.
On October 27, MKM Partners analyst Rohit Kulkarni maintained a Buy rating on Meta Platforms, Inc. (NASDAQ:META) stock and lowered the price target to $140 from $195, noting that the company reported a surprising upside in Q3 revenue, with healthy growth in engagement and active users.
At the end of the second quarter of 2022, 184 hedge funds in the database of Insider Monkey held stakes worth $18.2 billion in Meta Platforms, Inc. (NASDAQ:META), compared to 200 in the preceding quarter worth $19.3 billion.
In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Meta Platforms, Inc. (NASDAQ:META) was one of them. Here is what the fund said:
“Shares of Meta Platforms, Inc., the owner of Facebook, the world’s largest social network, fell 28.4% during the second quarter due to quarterly results that missed consensus estimates, driven by the impact of Apple’s new privacy changes in its iOS operating system. These changes have made it harder for Facebook to measure the effectiveness of its advertising across its mobile apps.
In the longer term, we expect Facebook to continue utilizing its leadership in mobile to provide global advertisers targeted marketing capabilities at scale, with substantial monetization optionality ahead in newer areas such as Reels (Meta’s competing solution to TikTok) and e-commerce.”
1. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 252
Volume as of November 14: 85.20 million
Amazon.com, Inc. (NASDAQ:AMZN) engages in the retail sale of consumer products and subscriptions in North America and internationally. It is one of the most active stocks to buy now. On November 1, Amazon stated that it is putting breaks on its Treasure Truck deal of the day program. On November 1, QuEra, a Quantum computing startup, revealed that its computer is now accessible to the public through Amazon.com’s cloud quantum computer service Bracket.
On October 28, Morgan Stanley analyst Brian Nowak maintained an Overweight rating on Amazon.com, Inc. (AMZN) stock and lowered the price target to $140 from $175, noting that the company’s retail and AWS businesses were slowing faster than expected, which leads to a slower realization of volume-based efficiencies and EBIT growth
At the end of the second quarter of 2022, 252 hedge funds in the database of Insider Monkey held stakes worth $30 billion in Amazon.com, Inc. (NASDAQ:AMZN), compared to 271 in the preceding quarter worth $48 billion.
In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Amazon.com, Inc. (NASDAQ:AMZN) was one of them. Here is what the fund said:
“Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest retailer and cloud services, provider. Shares of Amazon declined 35% in the quarter due to weaker-than-expected profits resulting from the overcapacity of resources coming out of COVID. We expect Amazon to grow its retail capacity in the quarters to come, which would enable it to improve profitability accordingly. Amazon remains one of our largest holdings due to its durable competitive advantages with a leading position in multiple trillion-dollar markets with a long runway for growth (…read more)
You can also take a peek at 12 Best Blue Chip Stocks To Buy Today and 10 Best Auto Stocks To Buy Now.
