Louis Navellier’s Top 5 Stock Picks for Q4 2022

In this article, we discuss the top 5 stock picks from Louis Navellier. If you want to see more stocks in this selection, check out Louis Navellier’s Top 10 Stock Picks for Q4 2022.

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

Navellier & Associates’ Stake Value: $10.16 million

Percentage of Navellier & Associates’ 13F Portfolio: 2.25%

Number of Hedge Fund Holders: 65

Founded in 1946 as the Central Farmers Fertilizer Company, CF Industries Holdings, Inc. (NYSE:CF) is an American manufacturer and distributor of agricultural fertilizers, including ammonia, urea, and ammonium nitrate products, based in Deerfield, Illinois. Louis Navellier holds over $10.16 million worth of stakes in the fertilizer company.

Earlier on November 1, Mizuho analyst Christopher Parkinson lowered his price target on CF Industries Holdings, Inc. (NYSE:CF) to $113 from $117 and maintained a Neutral rating on the shares. Although Parkinson reiterated a favorable view of the agriculture industry, he reduced estimates on the back of “shaky” near-term demand trend.

According to Insider Monkey’s data, 65 hedge funds were bullish on CF Industries Holdings, Inc. (NYSE:CF) at the end of the third quarter of 2022, compared to 52 funds in the prior quarter. Eric W. Mandelblatt’s Soroban Capital Partners held the biggest stake in the company, comprising 2.4 million shares worth $239.45 million.

Here is what Chartwell Investment Partners has to say about CF Industries Holdings, Inc. (NYSE:CF) in its Q2 2022 investor letter:

“We sold the full position in fertilizer company CF Industries, which also had a 20%+ YTD return (through 6/30), as we had concerns that the company would announce capacity additions, which would negatively impact nitrogen pricing.”

4. EOG Resources, Inc. (NYSE:EOG)

Navellier & Associates’ Stake Value: $10.23 million

Percentage of Navellier & Associates’ 13F Portfolio: 2.27%

Number of Hedge Fund Holders: 52

EOG Resources, Inc. (NYSE:EOG) is a Texas-based company that is engaged in the exploration, development, production, and marketing of hydrocarbons, including crude oil, natural gas, and natural gas liquids. Louis Navellier’s hedge fund reported holding 91,571 shares of EOG Resources, Inc. (NYSE:EOG) as of Q3 2022.

Citi analyst Scott Gruber raised the price target on EOG Resources, Inc. (NYSE:EOG) to $160 from $150 and kept a Buy rating on the shares post the Q3 results on November 22.

Among the hedge funds tracked by Insider Monkey, EOG Resources, Inc. (NYSE:EOG) was part of 52 public stock portfolios at the end of the third quarter of 2022, compared to 43 funds in the earlier quarter. Harris Associates held the leading position in the company, comprising 7.04 million shares worth $787.4 million.

Here is what Oakmark Select Fund has to say about EOG Resources, Inc. (NYSE:EOG) in its Q1 2022 investor letter:

“EOG Resources (NYSE:EOG) (+36%), was among our top contributors in the quarter as oil prices rallied due to tight supplies, which were then exacerbated by the Russian invasion of Ukraine. Although their share prices have increased considerably, both companies still look quite undervalued even using longer term oil prices in the $65-70 dollar range. Meanwhile, if times are good over the next couple of years, we expect these companies to return significant percentages of their market caps to shareholders.”

3. NVIDIA Corporation (NASDAQ:NVDA)

Navellier & Associates’ Stake Value: $10.47 million

Percentage of Navellier & Associates’ 13F Portfolio: 2.38%

Number of Hedge Fund Holders: 89

NVIDIA Corporation (NASDAQ:NVDA) is an American multinational technology company that designs and markets graphics processing units (GPU) for consumers and companies for several different purposes, including gaming and cryptocurrency mining.

Needham analyst Rajvindra Gill raised the firm’s price target on Nvidia to $200 from $155 and kept a Buy rating on the shares on November 17. According to Gill, the company’s Q3 results were “solid” with data center revenue outlook slightly higher despite weakening China data center sales. He believes that Nvidia is executing well despite the headwinds.

89 out of the 920 hedge funds polled by Insider Monkey for this year’s third quarter had bought NVIDIA Corporation (NASDAQ:NVDA)’s shares. NVIDIA Corporation (NASDAQ:NVDA)’s largest shareholder is Ken Fisher’s Fisher Asset Management, which owns 12 million shares worth $1.4 billion.

2. Archer-Daniels-Midland Company (NYSE:ADM)

Navellier & Associates’ Stake Value: $12.13 million

Percentage of Navellier & Associates’ 13F Portfolio: 2.69%

Number of Hedge Fund Holders: 37

The Archer-Daniels-Midland Company (NYSE:ADM), commonly known as ADM, is an American multinational food processing and commodities trading corporation based in Illinois. According to the Q3 2022 13F filings, Navellier & Associates owned 150,760 shares of the company, valued at $12.13 million, representing a 2.69% concentration in the portfolio.

On October 26, Baird analyst Ben Kallo raised the price target on The Archer-Daniels-Midland Company (NYSE:ADM) to $98 from $94 and maintained an Outperform rating on the shares.

Diamond Hill Capital mentioned Archer-Daniels-Midland Company (NYSE:ADM) in its Q1 2022 investor letter. Here is what the firm has to say:

“ADM is a leading agricultural processor that also operates a global nutrition business focused on the development of ingredients and flavors for food and beverages, supplements and more. The company’s recent operating results have benefited (unfortunately) from the war in Ukraine as grain prices and agricultural markets globally experienced strong price increases. ADM is positioned well to benefit from the volatility due to its stable North American agricultural base.”

1. ConocoPhillips (NYSE:COP)

Navellier & Associates’ Stake Value: $12.82 million

Percentage of Navellier & Associates’ 13F Portfolio: 2.85%

Number of Hedge Fund Holders: 64

ConocoPhillips (NYSE:COP) is an American multinational corporation engaged in hydrocarbon exploration and production. Based in the Energy Corridor district of Houston, Texas, the firm has facilities in North America, Europe, Canada, Asia, and Australia. As of Q3 2022, Navellier & Associates owned 125,296 of the company shares, valued at $12.82 million, representing 2.85% of its portfolio.

Citi analyst Alastair Syme raised the price target on ConocoPhillips (NYSE:COP) to $160 from $132 and kept a Buy rating on the shares on November 22. According to the analyst, the market rotation into energy equities has “further to run, even though names in our US coverage already sit at all-time highs.” Syme bases his report on historical findings where energy equities have performed well in earnings recessions.

64 out of the 920 hedge funds polled by Insider Monkey during this year’s September quarter had invested in ConocoPhillips (NYSE:COP). ConocoPhillips (NYSE:COP)’s largest shareholder in our database is Ken Fisher’s Fisher Asset Management which owns 6.9 million shares that are worth $708 million.

You can also take a look at 15 Largest Airlines in the World and 10 Best Safe Dividend Stocks for Retirement Portfolios.