In this article, we will look at the 10 Best Commodity Stocks to Buy for the Supercycle.
On May 20, Katherine Bordlemay, Co-Head of Equity Client Portfolio Management at Goldman Sachs Asset Management, appeared on CNBC’s ‘Closing Bell Overtime’ to discuss the day’s market action.
She stated that while she is concerned about the high rate, high oil environment, ultimately, the underpin is earnings growth. The recent earnings season showed us that US companies are growing at 28% year-over-year, and outside of Covid, this is actually the best earnings season we have seen in almost 20 years. She believes that something even more remarkable is that while the markets are very narrow, earnings are very broad. Ultimately, earnings are going to be the anchor that supports stocks on the path to success.
READ ALSO: 10 Oversold Growth Stocks to Invest In Now AND 10 Oversold Growth Stocks to Invest In Now.
Bordlemay agreed that earnings growth has been broad, in the sense that most companies have shown growth, even though the proportion of that growth and the forward revision still seems to be dominated by the AI tech theme. The magnitude does get to be higher on the AI side, and we are also seeing a step up in profitability, ultimately, in particular for the companies linked to the AI trade, according to her.
With these broader market trends in view, let’s look at the best commodity stocks to buy for the supercycle.
Our Methodology
We sifted through relevant online media reports to identify the best commodity stocks for the supercycle and selected the top 10 most popular among hedge funds as of Q4 2025, using the hedge fund sentiment data from Insider Monkey’s database. The stocks are arranged in ascending order of hedge fund sentiment.
Note: All data was recorded on May 20.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
10 Best Commodity Stocks to Buy for the Supercycle
10. Equinor ASA (NYSE:EQNR)
Number of Hedge Fund Holders: 20
Equinor ASA (NYSE:EQNR) is one of the best commodity stocks to buy for the supercycle. Morgan Stanley cut the price target on Equinor ASA (NYSE:EQNR) to NOK 376 from NOK 388 on May 12, maintaining an Equal Weight rating on the shares. The rating update came after the company reported its fiscal Q1 2026 financial results, stating that it delivered an adjusted operating income of $9.77 billion and $2.86 billion after tax in fiscal Q1 2026. Net operating income for the quarter came up to $8.78 billion, with a net income of $3.10 billion and adjusted net income of $3.70 billion, which led to adjusted earnings per share of $1.48.
Equinor ASA (NYSE:EQNR) reported production growth of 9% from strong operational performance while maintaining cost and capital discipline. It also closed several key strategic milestones in the quarter, including seven commercial discoveries on the NCS and the start of drilling at the Raia gas field in Brazil.
Equinor ASA (NYSE:EQNR) explores, transports, produces, refines, and markets petroleum and petroleum-derived products. The company’s operations are divided into the following segments: Exploration and Production Norway, Exploration and Production International, Exploration and Production USA, Marketing, Midstream, Processing, Renewables, and Other.
9. TotalEnergies SE (NYSE:TTE)
Number of Hedge Fund Holders: 26
TotalEnergies SE (NYSE:TTE) is one of the best commodity stocks to buy for the supercycle. TotalEnergies SE (NYSE:TTE) announced on May 13 the signing of a Memorandum of Understanding (MoU) with the Egyptian Natural Gas Holding Company (EGAS) on exploration activities, covering a significant area located in the north-western offshore of Egypt. Management stated that the MoU forms a technical cooperation framework, including preliminary exploration and subsurface evaluation activities. Nicola Mavilla, Senior Vice President Exploration at TotalEnergies SE (NYSE:TTE), stated that the agreement will “support the assessment of Egypt’s deep offshore exploration potential”.
In a separate development, TD Cowen lifted the price target on TotalEnergies SE (NYSE:TTE) to $106 from $102 on May 1, maintaining a Buy rating on the shares. The firm stated that fiscal Q1 results benefited from the strong trading, while the company reiterated capex despite a fiscal Q1 miss. It added that TotalEnergies SE (NYSE:TTE) acknowledged the strong operating environment presents upside to previously guided buybacks and an opportunity to get leverage below target.
TotalEnergies SE (NYSE:TTE) operates as a global integrated energy company that produces natural gas and green gases, oil and biofuels, as well as renewables and electricity. It is headquartered in Courbevoie, France, and operates through the following business segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.
