5 Thrilling Stocks to Buy According to Louis Navellier

In this article, we will look at 5 thrilling stocks to buy according to Louis Navellier. If you want to explore similar stocks, you can go to 12 Thrilling Stocks to Buy According to Louis Navellier.

5. Sociedad Quimica y Minera (NYSE:SQM)

Number of Hedge Fund Holders: 25

Navellier & Associates’ Stake Value: $6,668,876

3-year Revenue Growth: 76.63%

Sociedad Quimica y Minera (NYSE:SQM) is one of the world’s largest producers of lithium. The company is also a leading producer of iodine and other industrial chemicals. Sociedad Quimica y Minera (NYSE:SQM) has returned 12.25% to investors over the past 12 months, as of March 10. The company reportedly grew its annual revenue by 274.19% year over year in fiscal 2022, and has a 3-year average revenue growth rate of 76.63%.

Sociedad Quimica y Minera (NYSE:SQM) is one of the top high growth stocks held by Louis Navellier and accounts for 1.35% of Navellier & Associates’ 13F portfolio.

At the end of Q4 2022, 25 hedge funds were long Sociedad Quimica y Minera (NYSE:SQM) and disclosed positions worth $543.2 million in the company. As of December 31, Navellier & Associates has a position worth $6.6 million in the company.

4. Devon Energy Corporation (NYSE:DVN)

Number of Hedge Fund Holders: 55

Navellier & Associates’ Stake Value: $7,135,160

3-year Revenue Growth: 41.41%

On February 14, Devon Energy Corporation (NYSE:DVN) reported earnings for the fourth quarter of fiscal 2022. The company reported an EPS of $1.66 and generated a revenue of $4.30 billion, beating market consensus by $6.66 million. In fiscal 2022, Devon Energy Corporation (NYSE:DVN) grew its revenue by 43.88% year over year. On average, Devon Energy Corporation (NYSE:DVN) has grown its annual revenue by 41.41% over the past 3 years and is placed fourth among Louis Navellier’s most thrilling stock picks.

Devon Energy Corporation (NYSE:DVN) was a part of 55 investors’ portfolios at the end of Q4 2022. These funds held collective positions worth $823.5 million in the company. As of December 31, Navellier & Associates’ stake in the company is valued at $7.13 million.

3. CF Industries Holdings, Inc. (NYSE:CF)

Number of Hedge Fund Holders: 53

Navellier & Associates’ Stake Value: $9,878,088

3-year Revenue Growth: 34.57%

CF Industries Holdings, Inc. (NYSE:CF) is a premier American manufacturer of fertilizers and agricultural chemicals. The stock is one of Louis Navellier’s top 10 holdings and accounts for 2.01% of his hedge fund’s portfolio. CF Industries Holdings, Inc. (NYSE:CF) has an average 3-year revenue growth rate of 34.57% and is the third-most-thrilling stock to buy according to Louis Navellier.

At the close of the fourth quarter of 2022, 53 hedge funds were bullish on CF Industries Holdings, Inc. (NYSE:CF) and disclosed collective stakes worth $969.3 million in the company. As of December 31, Navellier & Associates holds a position worth $9.8 million in the company.

2. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 106

Navellier & Associates’ Stake Value: $10,290,152

3-year Revenue Growth: 35.19%

On average, NVIDIA Corporation (NASDAQ:NVDA) has grown its annual revenue by 35.19% over the past 3 years. The company reported strong earnings for the fourth quarter of fiscal 2023 on February 22. The company reported an EPS of $0.88 and outperformed EPS estimates by $0.08. The company’s revenue for the quarter amounted to $6.05 billion and beat revenue expectations by $31.61 million. As of March 10, NVIDIA Corporation (NASDAQ:NVDA) has gained 74.89% over the past 6 months.

As of December 31, Navellier & Associates holds a position worth $10.2 million in NVIDIA Corporation (NASDAQ:NVDA) and the investment covers 2.09% of Louis Navellier’s 13F portfolio. NVIDIA Corporation (NASDAQ:NVDA) is one of Louis Navellier’s top high growth stock picks.

At the end of Q4 2022, 106 hedge funds held stakes in NVIDIA Corporation (NASDAQ:NVDA). The total value of these stakes amounted to $6.08 billion, up from $4.29 billion in the preceding quarter with 89 positions. The hedge fund sentiment for the stock is positive.

Here is what ClearBridge Investments had to say about NVIDIA Corporation (NASDAQ:NVDA) in its Q4 2022 investor letter:

“Promoting diversification and managing risk continue to guide our transaction activity, with a focus on the earnings trajectory of existing and potential holdings leading to our most recent moves. We are directing our research efforts to identifying names that are closer to the bottom than the top in terms of earnings and valuations, adding to our positions in ASML, the leading supplier of high-end production equipment to chip makers, and NVIDIA Corporation (NASDAQ:NVDA), whose valuation has washed out due to weakness in gaming and crypto mining as well as slowing enterprise spending.”

1. ConocoPhillips (NYSE:COP)

Number of Hedge Fund Holders: 67

Navellier & Associates’ Stake Value: $15,248,432

3-year Revenue Growth: 34.19%

American oil giant ConocoPhillips (NYSE:COP) is the top holding of Louis Navellier. As of December 31, Navellier & Associates has a position worth $15.2 million in the company, which accounts for 3.1% of the fund’s 13F portfolio. With a 3-year revenue growth rate of 34.19%, ConocoPhillips (NYSE:COP) is the most thrilling stock to buy now according to Louis Navellier.

On February 2, ConocoPhillips (NYSE:COP) posted earnings for the fiscal fourth quarter of 2022. The company reported an EPS of $2.71 and generated a revenue of $19.26 billion, up 20.67% year over year and ahead of Wall Street consensus by $1.10 billion. As of March 10, the stock has gained 7.94% over the past 12 months.

ConocoPhillips (NYSE:COP) was held by 67 hedge funds at the end of the fourth quarter of 2022. These funds held collective stakes worth $2.98 billion in the company, up from $2.66 billion in the previous quarter when 64 hedge funds held positions in the company. The hedge fund sentiment for the stock is positive.

Here is what ClearBridge Investments had to say about ConocoPhillips (NYSE:COP) in its Q4 2022 investor letter:

“The risk-on environment supported by China reopening drove strong returns for the energy sector, despite underlying commodity prices falling from recent highs. In the portfolio, leading E&P company ConocoPhillips (NYSE:COP) was again among the top contributors; it maintains one of the best balance sheets in the industry and continues to execute well while benefiting from being a low-cost producer and growing liquefied natural gas demand. ConocoPhillips is also investing in field electrification and carbon capture across its portfolio, with ambitions to deliver oil production with industry-low CO2 intensity.”

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