Hey, hey, hey! Welcome back, traders and investors! It’s your favorite financial YouTuber here, bringing you the hottest stocks to buy right now! And let me tell you, we’ve got some real gems for you today! First up, we’ve got Palantir Technologies Inc. (NYSE:PLTR), which has already returned a whopping 32.24% to investors year to date as of March 31st! And get this, on February 13th, they reported some killer earnings for their fiscal fourth quarter of 2022. They generated a revenue of $502.62 million, up 17.50% year over year, and beat consensus by $3.65 million! And their EPS of $0.04 beat EPS estimates by $0.01! It’s no wonder this stock is on fire right now! Next on our list is Devon Energy Corporation (NYSE:DVN), which is causing quite a stir on WallStreetBets! As of March 31st, they’re trading at a PE multiple of 5x and offering a forward dividend yield of 10%! That’s some serious value right there, folks! And speaking of WallStreetBets, we’ve got Block, Inc. (NYSE:SQ) on our radar too! BofA analyst Jason Kupferberg just reiterated a Buy rating on the shares with a $96 price target! And as of March 31st, they’ve gained a solid 23.07% over the past 6 months! Moving on, we’ve got Occidental Petroleum Corporation (NYSE:OXY), which is a favorite among hedge funds! 71 of them disclosed having positions in the company at the end of Q4 2022, with a total value of $16.6 billion! And Berkshire Hathaway is the top shareholder, holding a position worth a cool $12.2 billion! But wait, there’s more! Tesla, Inc. (NASDAQ:TSLA) is definitely one of the best WallStreetBets stocks to buy right now, with a return of 91.91% to investors year to date as of March 31st! And Morgan Stanley just maintained an Overweight rating with a $220 price target! And let’s not forget about Advanced Micro Devices, Inc. (NASDAQ:AMD), which is held by a whopping 97 hedge funds with positions worth $5.70 billion as of December 31st! Citadel Investment Group is the leading shareholder with a stake worth $424.7 million! Now, onto NVIDIA Corporation (NASDAQ:NVDA), which is another favorite among hedge funds! 106 of them were long on the stock at the end of Q4 2022, with stakes worth a collective $6.08 billion! And Matrix Capital Management was the largest investor with a position worth $741 million! Alibaba Group Holding Limited (NYSE:BABA) is also a winner, with an EPS of $2.79 and revenue of $35.90 billion for their fiscal third quarter of 2023! They beat EPS expectations by $0.39 and estimates by $11.30 million! And we can’t forget about Apple Inc. (NASDAQ:AAPL), which is held by a whopping 135 hedge funds with stakes worth $136.3 billion as of December 31st! And Berkshire Hathaway is the top investor, holding a position worth $116.3 billion! Meta Platforms, Inc. (NASDAQ:META) is also on the rise, with shares surging 52.90% over the past 6 months as of March 31st! It’s one of the most talked-about stocks on WallStreetBets right now and ranked third among the best stocks to buy!
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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.
SOURCES:
https://www.insidermonkey.com/blog/5-best-wallstreetbets-stocks-to-buy-now-1137444/?singlepage=1
