5 Unstoppable Stocks That Will Make You Richer

In this article, we discuss the 5 unstoppable stocks that will make you richer. To read the detailed analysis of the economy and market, go directly to the 10 Unstoppable Stocks That Will Make You Richer.

5. Deckers Outdoor Corporation (NYSE:DECK)

Price Target Upside: 15.49%

Year-to-date Gain as of April 11: 21.65%

Number of Hedge Fund Holders: 38

Deckers Outdoor Corporation (NYSE:DECK) is a designer and distributor of footwear, apparel, and accessories under its brands, Koolaburra by UGG, HOKA, UGG, Ahnu, etc. The stock is 21.65% higher year-to-date, as of April 11.

In the fourth quarter of 2023, 38 hedge funds held positions in Deckers Outdoor Corporation (NYSE:DECK) worth $769.975 million. As of December 31, 2023, Marshall Wace LLP is the largest shareholder in the company. The firm has increased its stake in the company by 210% to 404,745 shares worth $270.543 million.

Over the past 3 months, the stock has received Buy ratings from 12 Wall Street analysts. The average price target of $947.00 has an upside of 15.49% from the current levels, as of April 11.

First Pacific Advisors stated the following regarding Deckers Outdoor Corporation (NYSE:DECK) in its fourth quarter 2023 investor letter:

“Deckers Outdoor Corporation (NYSE:DECK) is a footwear and apparel company that owns the UGG, Hoka, Teva, Sanuk, and Koolaburra brands. Management has done a masterful job growing and extending the UGG franchise. Now they are repeating their success with Hoka running shoes which surpassed $1 billion in sales last year.21 At nearly thirty times earnings (as of Dec. 31, 2023), we have weighed Deckers’ valuation against the quality of its management team, strong brands, and net cash balance sheet and remain comfortable with the Fund’s current position.

We first bought a small position in Deckers in 2015 and 2016 when the company was struggling with supply chain issues. The stock is up more than ten times since then on excellent performance and a broadening of the brand portfolio away from UGG. We have trimmed along the way, but even after the company’s exceptional financial performance and growth, we think the stock still trades in the range of reasonableness.”

4. General Motors Company (NYSE:GM)

Price Target Upside: 16.67%

Year-to-date Gain as of April 11: 21.61%

Number of Hedge Fund Holders: 83

General Motors Company (NYSE:GM) is a famous maker and seller of cars, trucks, and crossovers, and also provides automobile parts, software-enabled services, and subscriptions.

Hedge fund sentiment was positive toward General Motors Company (NYSE:GM) in Q4 of 2023. In the quarter, 83 hedge funds held positions in the company, with positions worth $3.929 billion. This is compared to 66 funds in the prior quarter, with positions worth $2.033 billion. As of December 31, 2023, Harris Associates is the most dominant shareholder in the company and has a position worth $1.284 billion.

The company has gained 21.61% year-to-date, as of April 11, and is the 4th unstoppable stock that will make you richer according to our list. Moreover, on April 10, Morgan Stanley raised the price target on General Motors Company (NYSE:GM) to $46 from $43 and maintained an Overweight rating on the shares.

In the last three months, 19 Wall Street analysts have covered General Motors Company (NYSE:GM), and 12 maintain a Buy-equivalent rating on the stock. The average price target of $51.17 represents an upside of 16.67% from the last price of $43.86, as of April 11.

3. CRH plc (NYSE:CRH)

Price Target Upside: 22.11%

Year-to-date Gain as of April 11: 22.23%

Number of Hedge Fund Holders: 65

CRH plc (NYSE:CRH) is a Fortune 500 company that provides building material solutions and has 3,390 operating locations. As of April 11, the stock is up by 22.23% year-to-date.

10 Wall Street analysts have covered CRH plc (NYSE:CRH) over the past three months, and 9 keep a Buy-equivalent rating on the stock. The average price target of $102.02 represents an upside of 22.11% from present levels, as of April 11. The company takes the third spot on our list of unstoppable stocks that will make you richer.

In the fourth quarter of 2023, hedge fund sentiment was positive toward CRH plc (NYSE:CRH). In the quarter, 65 hedge funds held positions in the company with positions worth $7.231 billion. This is compared to 48 funds in the preceding quarter, with positions worth $4.8 billion.

ClearBridge Investments stated the following regarding CRH plc (NYSE:CRH) in its fourth quarter 2023 investor letter:

“Despite these risks, our holdings in Europe and the U.K. found their footing in the fourth quarter, with eight of the top 10 individual contributors coming from these regions. Irish building materials supplier CRH plc (NYSE:CRH), which has demonstrated strong value creation through M&A and optimization of its portfolio assets over the last several quarters, rose strongly on positive sentiment after its investor day highlighted the company’s accelerating growth in the U.S.”

2. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Price Target Upside: 25.11%

Year-to-date Gain as of April 11: 28.72%

Number of Hedge Fund Holders: 62

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a cybersecurity company that, through its platform, offers corporate endpoint and cloud workload security, threat intelligence, data protection, and more.

As of April 11, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is up by 28.72% year-to-date. Over the past three months, 40 Wall Street analysts have given their recommendations on the stock, with 38 analysts rating the stock a Buy. As of April 11, the stock’s average price target of $396.45 implies an upside of 25.11% from the last price of $316.88.

In the fourth quarter of 2023, 62 hedge funds had stakes in CrowdStrike Holdings, Inc. (NASDAQ:CRWD), with total positions worth $2.6 billion. This is compared to 69 funds with positions worth $1.277 billion in the third quarter. As of Q4 of 2023, Two Sigma Advisors is the top investor in the company with a stake worth $369.575 million.

TimesSquare Capital Management stated the following regarding CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in its fourth quarter 2023 investor letter:

“Across the Information Technology universe, we seek companies possessing differentiated capabilities, products, and services. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) provides cloud-delivered protection across endpoints and cloud workloads. Their stock rallied 53% on the heels of solid fiscal third quarter results, with net new annualized recurring revenues accelerating sequentially.”

1. Sarepta Therapeutics, Inc. (NASDAQ:SRPT)

Price Target Upside: 36.01%

Year-to-date Gain as of April 11: 29.35%

Number of Hedge Fund Holders: 46

Sarepta Therapeutics, Inc. (NASDAQ:SRPT) is a Massachusetts-based company that discovers and develops unique RNA-based therapeutics-based treatments for both rare and infectious diseases. Sarepta Therapeutics, Inc. (NASDAQ:SRPT) tops our list of unstoppable stocks that will make you richer and has gained 29.35% year-to-date, as of April 11.

In the fourth quarter of 2023, 46 hedge funds had stakes in Sarepta Therapeutics, Inc. (NASDAQ:SRPT), with total positions worth $1.559 billion. With 4.344 million shares worth $418,934 million, VenBio Select Advisor is the most significant shareholder in the company as of Q4 2023.

Sarepta Therapeutics, Inc. (NASDAQ:SRPT) has a consensus rating of Strong Buy as per the 16 Wall Street analysts that have covered it over the past three months. The average price target of $169.67 implies an upside of 36.01% from the current levels, as of April 11.

Should you invest $1,000 in Sarepta Therapeutics, Inc. (NASDAQ:SRPT) right now?

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Disclosure: None. You can also look at the 11 Oversold Value Stocks To Buy Now and 30 Unique Business Ideas for Women.

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