Here are the best stocks to buy right now on the stock market in 2023. Let’s start with Advanced Micro Devices, Inc. (NASDAQ:AMD), which is one of the favorite stocks of the elite hedge funds! 89 hedge funds had stakes in this high-volume stock by the end of Q3 2022 and it’s a top pick for high-volume stock buying. And get this, the company just posted quarterly results and they expect revenue to be between $5 billion to $5.6 billion in Q1 – which shows a 10% decline YoY, but the management remains optimistic about the strength of their data center and embedded systems businesses. Now, Apple Inc. (NASDAQ:AAPL) continues to be a favorite of both hedge funds and retail investors, despite headwinds in 2022. 140 hedge funds had stakes in this tech giant by the end of Q3 2022, up from 128 in the previous quarter. The stock may have had some weak Q1 results, but analysts believe it could see growth from several tailwinds in 2023. Next up, Alphabet Inc. (NASDAQ:GOOG) may be feeling some pressure from the launch of ChatGPT and weak results in the advertising business space, but it’s still one of the best high-volume stocks to buy now. 196 hedge funds had stakes in Alphabet Inc. by the end of Q3 2022, and with their recent launch of ChatGPT competitor Bard, they’re well-positioned to counter the threat. Now, let’s talk about Meta Platforms, Inc. (NASDAQ:META). This stock took a hit in 2022 with major headwinds in the advertising market and rising competition, but they’re finally turning things around! They just posted an upbeat quarter, showing growth is returning to the Facebook platform and it’s a favorite stock pick of elite hedge funds. 177 of the 920 hedge funds tracked by Insider Monkey had stakes in Meta Platforms, Inc. by the end of Q3 2022, with Ken Fisher’s hedge fund being the biggest stakeholder with a $1.6 billion stake. Last but not least, Amazon.com, Inc. (NASDAQ:AMZN) is one of the best high-volume stocks to buy with an average volume over the past three months of over 80 million. 269 hedge funds had stakes in Amazon by the end of Q3 2022, up from 252 in the previous quarter, which shows a positive sentiment from hedge funds. Amazon just posted mixed quarterly results, but analysts are bullish on its long-term growth prospects. Morgan Stanley analyst Brian Nowak says that the headwinds Amazon is facing are transitory and macro-driven and he remains confident in its ”multi-year opportunity”. So, there you have it, folks! Some of the top stocks to watch right now, according to hedge fund sentiment and market trends! Get ready to take your portfolio to the next level!
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Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice or financial advice and it should not be taken as investment advice or financial advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment and or educational purposes only.
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