In this piece, we will take a look at the five stocks with the potential to explode. If you want to learn about current stock market news, then check out 12 Stocks that Could Skyrocket.
5. Constellation Energy Corporation (NASDAQ:CEG)
Number of Hedge Fund Investors in Q2 2023: 46
Date of Newsletter: October 4, 2023
Title of Newsletter: Answers: Whitney Tilson’s Seven “Secret Project E-92” Stocks
Constellation Energy Corporation (NASDAQ:CEG) is an American utility company that provides electricity across several American states. Its shares are rated Buy on average and analysts have penned in a $8 downside to the stock based on the average share price.
During Q2 2023, 46 out of the 910 hedge funds part of Insider Monkey’s database had held a stake in Constellation Energy Corporation (NASDAQ:CEG). Out of these, the firm’s largest shareholder is William B. Gray’s Orbis Investment Management since it owns 5.4 million shares that are worth $495 million.
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4. Vistra Corp. (NYSE:VST)
Number of Hedge Fund Investors in Q2 2023: 48
Date of Newsletter: October 4, 2023
Title of Newsletter: Answers: Whitney Tilson’s Seven “Secret Project E-92” Stocks
Vistra Corp. (NYSE:VST) is another American utility company with tens of thousands of megawatts of power generation capacity. It is one of the top rated stocks on our list since the shares are rated Strong Buy on average. Analysts have set an average share price target of $36.67 for the company.
As of June 2023, 48 hedge funds out of the 910 polled by Insider Monkey had invested in the firm. Howard Marks’ Oaktree Capital Management is Vistra Corp. (NYSE:VST)’s biggest hedge fund investor due to its $446 million investment.
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3. Deere & Company (NYSE:DE)
Number of Hedge Fund Investors in Q2 2023: 56
Date of Newsletter: October 9, 2023
Title of Newsletter: Answered: All the AI Stock Picks from Everybody! 25 Different Stocks That Have been Teased as A.I. Picks This Year…
Deere & Company (NYSE:DE) is one of the biggest industrial machinery companies in the world. Some folks believe that the firm is one of the safest investments when it comes to artificial intelligence since its machines provide a massive opportunity for data collection and analysis.
By the end of this year’s second quarter, 56 out of the 910 hedge funds surveyed by Insider Monkey had bought Deere & Company (NYSE:DE)’s shares. Among these, Michael Larson’s Bill & Melinda Gates Foundation Trust owns the largest stake which is worth $1.5 billion.
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Follow Deere & Co (NYSE:DE)
2. Arista Networks, Inc. (NYSE:ANET)
Number of Hedge Fund Investors in Q2 2023: 62
Date of Newsletter: October 2, 2023
Title of Newsletter: Answered: Motley Fool’s “We’ve Recommended This Stock 14 Times” Teaser
Arista Networks, Inc. (NYSE:ANET) is a technology company that provides businesses with cloud networking hardware and software products. The company received a rather surprising downgrade from Piper Sandler in October, as the research firm warned about an IT slowdown and downgraded the stock to Neutral from Overweight.
After scouring through 910 hedge funds for their shareholdings during 2023’s June quarter, Insider Monkey found 62 Arista Networks, Inc. (NYSE:ANET) investors. Andreas Halvorsen’s Viking Global is the biggest hedge fund shareholder, owning two million shares that are worth $330 million.
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1. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)
Number of Hedge Fund Investors in Q2 2023: 121
Date of Newsletter: October 18, 2023
Title of Newsletter: Reveal: Brownstone’s “Next NVIDIA”
The Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the biggest semiconductor contract manufacturing firm in the world. The firm had some good news for investors in September, as its revenue for the month dropped lower than expected, indicating a recovery in the global semiconductor market.
121 hedge funds out of the 910 that are part of Insider Monkey’s database have invested in the company. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s largest investor out of these is Ken Fisher’s Fisher Asset Management due to its $2.9 billion stake.
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Disclosure: None. You can also take a look at Top 15 Cloud Computing Companies in the World and 20 Biggest Augmented Reality And VR Companies In The World.
