Stocks On the Rise: 10 Best Stocks to Buy Right Now

4) KE Holdings Inc. (NYSE:BEKE)

% Gain on a YTD Basis: ~34.8%

Market cap as on March 6: ~$28.8 billion

Number of Hedge Fund Holders: 47

KE Holdings Inc. (NYSE:BEKE) is engaged in operating an integrated online and offline platform for housing transactions and services. The company remains well-placed to benefit from the Chinese government’s focus on stabilizing the broader real estate market. Given its leading market position, any policies stimulating market activity or increasing buyer confidence can directly translate to increased transaction volumes for KE Holdings Inc. (NYSE:BEKE). The company has also highlighted that supportive policy packages rolled out by the government at September-end have shown promising results. In October, transaction volumes on the company’s platform saw a rebound, hinting at the start of the market recovery.

KE Holdings Inc. (NYSE:BEKE)’s technology-driven approach can also align well with government initiatives focused on modernizing and bringing greater efficiency to the broader real estate sector. Furthermore, in its home renovation and furnishing and home rental services, KE Holdings Inc. (NYSE:BEKE) has been strengthening its foundational capabilities throughout its product development, process restructuring, and supply chain improvements. With increased urbanization in China and the concept of the sharing economy, the rental market is expected to see strong growth.

Baird Asset Management controlled Chautauqua Capital Management, a boutique investment firm, released the Q3 2024 investor letter. Here is what the fund said:

“KE Holdings Inc. (NYSE:BEKE) reported better-than-expected results this year, but its valuation was depressed due to pessimism toward the property market in China. Recently announced stimulus measures in China and specific measures for its property market have somewhat reduced the extreme pessimism seen earlier in the year.”