5 Most Buzzing Stocks To Buy Now

In this article, we will discuss the 5 most buzzing stocks to buy now. If you want to explore similar stocks, you can go to 12 Most Buzzing Stocks To Buy Now.

5. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Volume as of March 15: 86.17 million

Average Volume (3-Month): 57.04 million

Number of Hedge Fund Holders: 97

Advanced Micro Devices, Inc. (NASDAQ:AMD) was spotted on 97 hedge funds’ portfolios at the end of Q4 2022. These funds held collective positions worth $5.70 million in the company, up from $4.99 million in the previous quarter with 89 positions. The hedge fund sentiment for the stock is positive.

This March, Raymond James analyst Srini Pajjuri initiated coverage of Advanced Micro Devices, Inc. (NASDAQ:AMD) with a Strong Buy rating and a $100 price target. The stock is creating a lot of buzz on Wall Street and has an intraday trading volume of 86.17 million, as of March 15.

As of December 31, Citadel Investment Group is the top shareholder in Advanced Micro Devices, Inc. (NASDAQ:AMD) and holds a position worth $424.7 million in the company.

Here is what L1 Capital International had to say about Advanced Micro Devices, Inc. (NASDAQ:AMD) in its third-quarter 2022 investor letter:

“The share price of Advanced Micro Devices, Inc. (NASDAQ:AMD) was weak during the quarter and weakened further in early October when the pre-announced revenue was significantly below prior guidance, reflecting an acute slowdown in the PC market. Data centre related revenue grew strongly, albeit below our expectations, while gaming and embedded revenue was in line with our base case.

Geopolitical risks have increased for the semiconductor sector, with the U.S. Government announcing restrictions on the sale of certain technologies to China. Despite near term headwinds, AMD is well positioned for the medium term, with a technology lead over Intel in servers for data centres and rapidly gaining share in the PC/notebook sectors. Its gaming and embedded applications continue to grow strongly. AMD is a very capital light business, with manufacturing outsourced. After expending nearly $5b on research and development, AMD generates around $5b of free cashflow. With a net cash balance sheet, we expect management will accelerate buyback activity at a share price well below fair value.

The share price of our more cyclical businesses, in particularly the building products companies which have exposure to the U.S. residential, repair and renovation and infrastructure sectors, were broadly flat for the quarter. Rapidly escalating mortgage rates and rapidly reducing affordability will have a pronounced negative effect on near term new residential construction activity. We believe these cyclical pressures are well understood and are more than reflected in current share prices. Overall, we strongly believe share prices are overly reflecting near-term challenges and our portfolio of companies are now meaningfully undervalued.”

4. The Charles Schwab Corporation (NYSE:SCHW)

Volume as of March 15: 86.53 million

Average Volume (3-Month): 15.23 million

Number of Hedge Fund Holders: 74

On March 15, The Charles Schwab Corporation (NYSE:SCHW) disclosed in a regulatory filing that the company’s director Stephen Ellis bought $2 million worth of shares of the company’s common stock. The stock is buzzing and, as of March 15, has an intraday trading volume of 86.53 million.

This March, Piper Sandler updated its price target on The Charles Schwab Corporation (NYSE:SCHW) to $95 from $100 and maintained an Overweight rating on the shares. The stock is placed fourth on our list of the most buzzing stocks to buy now according to analysts and hedge funds.

At the close of Q4 2022, 74 hedge funds were eager on The Charles Schwab Corporation (NYSE:SCHW) and held positions worth $8.18 billion in the company. This is compared to 75 hedge funds in the previous quarter with stakes worth $7.36 billion. As of December 31, GQG Partners is the top stockholder in the company and has a position worth $1.44 billion.

Here is what Ron Baron’s Baron Funds had to say about The Charles Schwab Corporation (NYSE:SCHW) in its Q4 2022 investor letter:

“Shares of online brokerage firm The Charles Schwab Corporation (NYSE:SCHW) rose in the quarter on rising interest rates, which should generate increased profits on Schwab’s more than $600 billion of interest-earning assets. Despite turbulent markets, the company attracted over $400 billion of net new client assets over the past 12 months. In addition to strong organic growth, we believe operating expenses per client assets will drop to record lows once the equity markets improve.”

3. Ford Motor Company (NYSE:F)

Volume as of March 15: 107.02 million

Average Volume (3-Month): 65.23 million

Number of Hedge Fund Holders: 40

On February 3, Benchmark analyst Michael Ward revised his price target on Ford Motor Company (NYSE:F) to $19 from $21 and maintained a Buy rating on the shares. The stock is one of the most buzzing stocks to buy now according to analysts and hedge funds. As of March 15, Ford Motor Company (NYSE:F) has an intraday trading volume of 107.02 million, well-above its 3-month average volume of 65.23 million.

At the end of Q4 2022, Ford Motor Company (NYSE:F) was spotted on 40 investors’ portfolios that disclosed collective stakes worth $1.38 billion in the company. This is compared to 47 positions in the preceding hurter with stakes worth $1.18 billion. As of December 31, Citadel Investment Group is the leading investor in the company and has a position worth $203.7 million.

2. Bank of America Corporation (NYSE:BAC)

Volume as of March 15: 130.95 million

Average Volume (3-Month): 45.96 million

Number of Hedge Fund Holders: 100

Bank of America Corporation (NYSE:BAC) is experiencing high levels of activity and creating a lot of buzz. On March 15, the stock experienced an intraday trading volume of 130.95 million. As of March 15, Bank of America Corporation (NYSE:BAC) has a 3-month average trading volume of 45.96 million.

On March 8, Odeon Capital revised its rating on Bank of America Corporation (NYSE:BAC) to Hold from Buy and reiterated a $35.20 price target on the shares.

At the close of the fourth quarter of 2022, 100 hedge funds were long Bank of America Corporation (NYSE:BAC) and disclosed collective stakes worth $37.5 billion in the company. This is compared to 97 hedge funds in the previous quarter with stakes worth $35.6 billion. The hedge fund sentiment for the stock is positive and the stock is placed second on our list of the most buzzing stocks to buy now according to hedge funds.

As of December 31, Berkshire Hathaway is the largest investor in Bank of America Corporation (NYSE:BAC) and holds a stake worth $33.45 billion.

Here is what Ariel Investments had to say about Bank of America Corporation (NYSE:BAC) in its Q3 2022 investor letter:

“We initiated three new positions in the quarter. We added leading financial institution Bank of America Corporation (NYSE:BAC) which serves individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services. The current company was formed through various mergers including NationsBank, FleetBoston, US Trust, Countrywide Financial, and Merrill Lynch with the legacy commercial bank to form a national banking powerhouse and bulge bracket investment firm. As one of the ‘Big Four’ U.S. banks it enjoys scale driven cost advantages and economies of scale which provide meaningful competitive advantages and potential for strong returns in the largely commoditized banking industry. A survivor of the financial crisis, BAC has emerged with a solid capital base and stands to benefit from a rising interest rate environment.”

1. Tesla, Inc. (NASDAQ:TSLA)

Volume as of March 15: 145.99 million

Average Volume (3-Month): 184.60 million

Number of Hedge Fund Holders: 91

Tesla, Inc. (NASDAQ:TSLA) was held by 91 hedge funds at the end of the fourth quarter of 2022. These funds disclosed positions worth $5.93 billion in the company. As of December 31, Citadel Investment Group is the top shareholder in the company and has a stake worth $926.2 million.

Tesla, Inc. (NASDAQ:TSLA) is the most buzzing stock on Wall Street right now. On March 15, the stock experienced an intraday trading volume of 145.99 million. Tesla, Inc. (NASDAQ:TSLA) has a 3-month average trading volume of 184.60 million, as of March 15.

This March, Morgan Stanley maintained an Overweight rating and its $220 price target on Tesla, Inc. (NASDAQ:TSLA).

Here is what ClearBridge Investments had to say about Tesla, Inc. (NASDAQ:TSLA) in its Q4 2022 investor letter:

“Tesla, Inc. (NASDAQ:TSLA), meanwhile, also fits squarely within our earnings reset group. We took advantage of its enterprise multiple falling back to historic lows to initiate a starter position in the leading manufacturer of electric vehicles (EV) and developer of battery technologies. Tesla has a significant structural cost advantage in battery production, EV manufacturing and EV selling, which gives it industry-leading operating margins in EVs. As the auto cycle has softened, the stock has sold off substantially with the rest of the automakers, despite EVs continuing to have a secular growth advantage. Tesla has a clean balance sheet with negative net debt and enormous revenue growth, EBITDA growth and free cash flow generation. Its margin buffer also gives the company the ability to cut prices while still protecting earnings better than competitors, which should help support continued volume growth. There is also significant upside optionality driven by its software offerings, which we do not believe is currently priced into the stock.

That being said, Tesla is highly indexed to a flagging auto market and we expect its earnings outlook to worsen in the near term. We are also monitoring increasing EV competition and the recently emerging risks to the brand and management integrity raised by CEO Elon Musk’s actions at Twitter to determine future position size in the portfolio.”

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