In this piece, we will take a look at the five stocks with the potential to explode. If you want to learn all about the latest stock market news and what might be in store for later this year, then check out 12 Stocks with Potential to Explode.
5. Carrier Global Corporation (NYSE:CARR)
Number of Hedge Fund Investors In Q3 2023: 37
Date Investment Newsletter Was Published On: 11/30/2023
Carrier Global Corporation (NYSE:CARR) is an industrial equipment company that sells fire protection, refrigeration, air conditioning, and other products. It’s one of the top performing companies on our list by having beaten analyst EPS estimates in all four of its latest quarters.
During Q3 2023, 37 out of the 910 hedge funds covered by Insider Monkey’s research had bought a stake in Carrier Global Corporation (NYSE:CARR). Ken Fisher’s Fisher Asset Management was the firm’s biggest investor due to its $717 million investment.
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4. Leidos Holdings, Inc. (NYSE:LDOS)
Number of Hedge Fund Investors In Q3 2023: 37
Date Investment Newsletter Was Published On: 1/10/2024
Leidos Holdings, Inc. (NYSE:LDOS) is a technology company that provides automation, security, and other services. Its shares are rated Strong Buy on average and analysts have set an average share price target of $125.13.
By the end of September 2023, 37 out of the 910 hedge funds profiled by Insider Monkey were the firm’s investors. Leidos Holdings, Inc. (NYSE:LDOS)’s largest hedge fund shareholder is Israel Englander’s Millennium Management through its $140 million stake.
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3. Fidelity National Information Services, Inc. (NYSE:FIS)
Number of Hedge Fund Investors In Q3 2023: 55
Date Investment Newsletter Was Published On: 12/11/2023
Fidelity National Information Services, Inc. (NYSE:FIS) allows banks and businesses to manage their transactions and other financial operations. Within the two segments of the finance industry, namely buy and sell side firms, Fidelity National Information Services, Inc. (NYSE:FIS) made a major announcement in January 2024 when it revealed that it will enable buy side firms to expand their revenue options by providing them with some products previously reserved only for sell side companies.
Insider Monkey’s third quarter of 2023 survey covering 910 hedge funds revealed that 55 had bought a stake in Fidelity National Information Services, Inc. (NYSE:FIS). Seth Klarman’s Baupost Group was the firm’s biggest investor as it held a $384 million stake.
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2. Marvell Technology, Inc. (NASDAQ:MRVL)
Number of Hedge Fund Investors In Q3 2023: 57
Date Investment Newsletter Was Published On: 12/19/2023
Marvell Technology, Inc. (NASDAQ:MRVL) is a semiconductor company that limits itself to designing and selling chips used primarily for networking use cases. The buzz around A.I. seems to have served it well as the shares are rated Strong Buy on average and analysts have set an average share price target of $70.
During last year’s September quarter, 57 out of the 910 hedge funds tracked by Insider Monkey’s research had invested in the company. Marvell Technology, Inc. (NASDAQ:MRVL)’s largest shareholder among these is David Goel and Paul Ferri’s Matrix Capital Management due to its $712 million investment.
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1. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)
Number of Hedge Fund Investors In Q3 2023: 107
Date Investment Newsletter Was Published On: 1/9/2024
The Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a Taiwanese contract chip manufacturer that supplies chips to all major designers such as Intel, AMD, and NVIDIA. January 2024 is proving to be a great month for the firm as it beat analyst profit and revenue estimates for the fourth quarter and echoed bullish sentiment for A.I. chips that sent its depository receipts soaring by more than 8% on the NYSE.
107 out of the 910 hedge funds part of Insider Monkey’s database were Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s investors as of Q3 2023 end. Ken Fisher’s Fisher Asset Management was the biggest investor since it owned 30.6 million shares that are worth $2.6 billion.
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Follow Taiwan Semiconductor Mfg Co Ltd (NYSE:TSM)
Disclosure: None. You can also take a look at 10 Best Long-Term Tech Stocks To Buy and These Stocks under $10 Are Poised To Explode.
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