5 Stocks to Buy According to Don Morgan’s Brigade Capital

3. Noble Corporation (NYSE:NE)

Brigade Capital’s Stake Value: $17,118,000
Percentage of Brigade Capital’s 13F Portfolio: 1.91%
Number of Hedge Fund Holders: 31

Noble Corporation (NYSE:NE) is an offshore drilling business with its main office in London, United Kingdom. It has a fleet of 20 offshore drilling units operating as of February 16, 2022, including 12 floaters and 8 jackups. On July 6, DNB Markets analyst Martin Huseby Karlsen reaffirmed a ‘Buy’ rating on Noble Corporation (NYSE:NE) and increased his price objective from $43 to $49.

Noble Corporation (NYSE:NE), in which Brigade Capital increased its position by 222% in Q2 2022, is ranked third on Don Morgan’s list of ten stocks to purchase. The hedge fund holds 675,270 shares in Noble Corporation (NYSE:NE) worth over $17.12 million, representing 1.91% of its portfolio.

31 hedge funds held stakes in Noble Corporation (NYSE:NE) in the second quarter of 2022, collectively worth $457.57 million, compared to the same number of funds in the preceding quarter, holding stakes in Noble Corporation (NYSE:NE) valued at $621.73 million.