In this article, we will discuss the 10 Best Hot Stocks to Buy for June.
The volatility in global markets is yet again in the spotlight, with stocks pulling back from all-time highs. The rotation from all-time highs follows data from the options market showing that investors were extremely bullish, making the market vulnerable to sharp declines.
According to Ben Snider, chief US equity strategist at Goldman Sachs, the strength of the recent rally has generated a wave of client concern. That’s in part because stocks have moved ‘too far , too fast asserting an unsustainable degree of investor euphoria.
Amid heightened volatility, Wall Street Strategists, led by Morgan Stanley’s Mike Wilson, are already looking past the recent corrections, insisting they were inevitable.
“Markets rarely move in a straight line at the pace seen since the March lows,” he wrote in a research note published Monday. “A correction was inevitable and ultimately healthy if this bull market is going to extend into year-end.”
Mike Bell, head of market strategy at RBC BlueBay, insists investors have been conditioned to buy the dip over the past 15 years. Consequently, the recent pullback has presented an opportunity for investors who missed out on the initial leg high. A bounce back is on the cards as the market is coming off an impressive earnings season supported by a strong labor market.
Our Methodology
To compile a list of the 10 Best Hot Stocks to Buy for June, we used screeners to identify stocks that have gained at least 50% over the past 6 months and had an average upside potential of at least 20%. We then limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds in Q1 2026. We ranked the stocks in ascending order based on the number of hedge funds that hold stakes in them.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research shows we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
Best Hot Stocks to Buy for June
10. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)
Stock Upside Potential: 22.25%
Year to Date Gain: 48.91%
Number of Hedge Fund Holders: 41
Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is one of the best hot stocks to buy for June. On May 28, Petróleo Brasileiro S.A. – Petrobras entered into an agreement with SBM Offshore for two floating oil and gas production vessels for its Sergipe deepwater project.
The deal is part of the company’s bid to bring to life two approved oil and gas development projects with the potential of producing more than 1 billion barrels of oil equivalent. As part of the deal, SBM Offshore has been granted contracts by Petroleo Brasileiro S.A for two FPSO projects in the Sergipe-Alagoas basin. Consequently, SBM Offshore is to design, build, and operate FPSOs SEAP-I and SEAP-II. Petrobras is to own the FPSOs, with SBM Offshore operating them for an initial period of 6.5 years.
SBM Offshore is to design SEAP-II FPSO (P-87) to produce 120,000 barrels of oil per day, backed by an associated gas treatment capacity of 425 million standard cubic feet per day and water injection capacity of 120,000 barrels per day. Delivery is expected in 2030.
Petróleo Brasileiro S.A. – Petrobras is a majority state-owned Brazilian multinational corporation that operates as an integrated energy company. It specializes in oil and gas exploration, offshore production, refining, marketing, and the distribution of petroleum products.
9. Venture Global Inc. (NYSE:VG)
Stock Upside Potential: 28.21%
Year to Date Gain: 82.39%
Number of Hedge Fund Holders: 50
Venture Global Inc. (NYSE:VG) is one of the best hot stocks to buy for June. On June 4, JPMorgan upgraded Venture Global Inc. to an Overweight from a Neutral and raised the price target to $17 from $16. The investment bank expects the company to be one of the beneficiaries of a spike in LNG prices if the lingering conflict in the Middle East persists and European refilling continues to stress the market.
JPMorgan views geopolitical developments as a positive, playing to Venture Global’s strengths, and sees the potential for outsized margin capture. Venture Global was one of the stocks that spiked higher at the start of the US-Iran war, which disrupted supply chains and sent LNG prices soaring.
The Middle East conflict has led to significant changes in LNG supply and demand. Reports that Qatari infrastructure damage could take three to five years to repair also signal extended supply constraints. JPMorgan expects LNG volatility capture, pricing upside, and growth execution to act as a catalyst for Venture Global ahead.
Venture Global Inc. is a major American energy infrastructure company that produces and exports liquefied natural gas (LNG). They convert natural gas into a liquid state so it can be safely transported via ships to global utility and energy markets.
8. Semtech Corporation (NASDAQ:SMTC)
Stock Upside Potential: 29%
Year to Date Gain: 110.99%
Number of Hedge Fund Holders: 56
Semtech Corporation (NASDAQ:SMTC) is one of the best hot stocks to buy for June. On May 27, UBS reiterated its Buy rating on Semtech Corp. and raised its price target to $225 from $165. The price target hike is in response to the company delivering impressive first-quarter results amid strong 800G optical demand.
The company delivered record first-quarter results, driven by expanding design wins across its data center and LoRa businesses. The company expects data center growth to accelerate throughout the year as FiberEdge and CopperEdge 1.6T revenues layer onto the strong growth base. Revenues in the quarter were up 16% year over year to a record $291 million, while non-GAAP adjusted diluted EPS increased 34% to $0.51 per share.
UBS expects the growth momentum to persist throughout the year, driven by the 1.6T Optical ecosystem. Additional active copper cable wins and expanding product set at the HieFo fab are also expected to drive incremental growth in 2027 and 2028.
Semtech Corporation is a global technology company that designs, develops, and supplies high-performance semiconductors, Internet of Things (IoT) systems, and cloud connectivity services. It operates under a “fabless” model, focusing solely on research, design, and intellectual property (IP), while outsourcing chip manufacturing to third-party foundries.
7. Hewlett Packard Enterprise Company (NYSE:HPE)
Stock Upside Potential: 35.82%
Year to Date Gain: 106.33%
Number of Hedge Fund Holders: 58
Hewlett Packard Enterprise Company (NYSE:HPE) is one of the best hot stocks to buy for June. On June 3, Argus reiterated a Buy rating on Hewlett Packard Enterprise Company and raised the price target to $70 from $30. The significant price target increase is in response to the company’s strong quarterly results, as the research firm remains optimistic about AI momentum.
The company delivered an exceptional quarter, with record-breaking revenue, higher-than-expected profitability, and free cash flow growth. According to CEO Antonio Neri, the impressive results affirmed strong execution and healthy demand across the business. Revenue in the quarter was up 40% year over year to $10.7 billion, as earnings per share increased by $0.41 to $0.79. Cash flow from operations increased by $1.9 billion to $1.4 billion as free cash flow increased by $1.8 billion to $0.9 billion.
The impressive results came against the backdrop of AI integration into service offerings, including networking. The rise of agentic AI is also boosting Hewlett-Packard Enterprise’s traditional server business. Management has already reiterated that AI infrastructure investments and the acquisition of the Juniper business will strengthen networking capabilities and drive financial performance.
Hewlett-Packard Enterprise Co is an enterprise-focused information technology company. It specializes in edge-to-cloud solutions, helping businesses manage data through servers, high-performance computing, hybrid cloud platforms, and intelligent edge networking.
6. Modine Manufacturing Company (NYSE:MOD)
Stock Upside Potential: 22.38%
Year to Date Gain: 95.46%
Number of Hedge Fund Holders: 61
Modine Manufacturing Company (NYSE:MOD) is one of the best hot stocks to buy for June. On June 1, GLJ Research reiterated a Buy rating on Modine Manufacturing and raised its price target to $428.
The price target hike comes on the heels of the company raising its 2028 guidance beyond current capacity. Modine Manufacturing also announced a volume commitment with an existing hyperscaler customer. The research firm expects the company to achieve EBITDA margins in the high 20s, which should drive comparisons with cooling incumbent Vertiv.
Modine Manufacturing has inked a long-term capacity agreement for its Airedale by Modine cooling solution. The deal solidifies its position as a provider of advanced cooling technologies in the expanding data center market. The deal follows a strong fourth quarter and a fourth consecutive year of record revenue growth.
Revenue in the fourth quarter of fiscal 2026 was up 47% to $954.4 million as net earnings increased 47% to $73.3 million. Full-year net sales were also up 23% to $3.2 billion while net earnings decreased 34% to $123.3 million.
Modine Manufacturing Company specializes in thermal management technology, designing and building systems to heat, cool, and ventilate. They are a major global provider of AI data center cooling, vehicular climate control, and commercial HVAC systems, with a mission to engineer a Cleaner, Healthier World.
5. Onto Innovation Inc. (NYSE:ONTO)
Stock Upside Potential: 28.03%
Year to Date Gain: 62.17%
Number of Hedge Fund Holders: 67
Onto Innovation Inc. (NYSE:ONTO) is one of the best hot stocks to buy for June. On June 4, Stifel reiterated Onto Innovation Inc. as a Buy with a $350 price target. The research firm remains bullish on the company, impressed by the accelerated adoption of its inspection technology by customers.
The company’s long-term prospects for Dragonfly inspection tools also remain intact, with qualification by two key high-bandwidth memory and foundry logic customers. Management had expected the qualification to take three to six months. Stifel expects the faster-than-expected qualification to act as a catalyst, strengthening the company’s sentiment in the second half of the year.
In addition, the research firm expects Onto Innovation to benefit from the strengthening demand for G3 advanced packaging inspection in high-bandwidth memory and foundry logic systems. Consequently, advanced packaging inspection revenue is expected to grow by more than 50%, and overall revenue to grow by more than 30%.
Onto Innovation Inc. is a leading U.S. semiconductor company that designs and builds the advanced equipment and software required to manufacture microchips. Their technology enables chipmakers to inspect microscopic defects, measure nanoscale chip structures, and automate production processes, thereby improving overall yield and reliability.
4. TeraWulf Inc. (NASDAQ:WULF)
Stock Upside Potential: 42.18%
Year to Date Gain: 102.98%
Number of Hedge Fund Holders: 68
Terawulf Inc. (NASDAQ:WULF) is one of the best hot stocks to buy for June. On June 5, reports emerged indicating that Terawulf Inc. is exploring leveraged loan opportunities following successful bond sales. The company is reportedly eyeing a leveraged loan to finance its AI infrastructure expansion following a landmark junk bond sale.
The data center giant has already engaged Morgan Stanley and other banks to develop loan products to raise the much-needed capital. The push comes on the heels of a $3.2 billion high-yield bond sale in October, which the company is using to expand its data center in New York. Terawulf received $11 billion worth of orders from investors as part of the bond sale.
Terawulf is tapping the debt market as it continues to pivot away from its Bitcoin mining roots. It has set its sights on expanding its data center footprint to capitalize on the AI boom. The company has already acquired a high-performance computing development site to build an HPC infrastructure.
TeraWulf Inc. is a digital infrastructure company that builds, owns, and operates large-scale data centers for Bitcoin mining, Artificial Intelligence (AI), and high-performance computing (HPC) hosting. The company is strategically transitioning into a diversified computing platform by repurposing legacy industrial sites into massive, low-carbon, power-dense energy campuses.
3. Ciena Corporation (NYSE:CIEN)
Stock Upside Potential: 24.93%
Year to Date Gain: 89.66%
Number of Hedge Fund Holders: 73
Ciena Corporation (NYSE:CIEN) is one of the best hot stocks to buy for June. On June 9, Ciena Corporation priced a private offering of $2.5 billion 0.00% convertible senior notes due 2031. It is a significant increase from a previously announced $2 billion offering.
The company has since granted an initial purchase option to purchase an additional $375 million of notes within 13 days of issuance. The offering should close on June 11, subject to customary closing conditions.
Ciena Corporation intends to use $100 million of net proceeds from the $2.5 billion offering to pay net costs of convertible note hedge transactions. About $140 million is to be used to repurchase 0.3 million shares of common stock at $466.67 per share. On the other hand, $1.14 billion of net proceeds is to be used to repay amounts under the term loan and related fees. The remainder is to be used for general corporate purposes and investments to enhance supply chain capacity.
Ciena Corporation is a global telecommunications networking equipment and Software Company that specializes in optical and packet networking. It provides the hardware and software foundational to the internet, allowing service providers, cloud companies, and governments to build, manage, and scale high-speed data networks.
2. Vertiv Holdings Co (NYSE:VRT)
Stock Upside Potential: 24.74%
Year to Date Gain: 71.16%
Number of Hedge Fund Holders: 96
Vertiv Holdings Co (NYSE:VRT) is one of the best hot stocks to buy for June. On June 3, Vertiv Holdings Co board of directors approved a quarterly cash dividend of $0.0625 to be paid on June 25, 2026, to shareholders of record as of June 15, 2026.
The company has demonstrated consistent dividend growth, starting with a flat $ 0.01-per-share quarterly dividend in 2022. The dividend has since increased to $0.0625, translating to an annualized payout of $0.25 and a forward yield of approximately $0.08%.
The latest quarterly dividend comes on the heels of an impressive first quarter, in which sales were up 30% year over year to $2.65 billion, driven by 23% organic sales growth and 4% from acquisitions. Net cash generated from operating activities was up 153% to $767 million as adjusted free cash flow increased 147% to $653 million.
The robust sales and free cash flow growth underpin Vertiv Holdings’ investments in technology and capacity, combined with strategic acquisitions, which are translating into market share gains. Similarly, the stock’s addition to the S&P 500 underscores its strong financial position and market leadership in digital infrastructure.
Vertiv Holdings Co is a global leader in critical digital infrastructure. It designs, manufactures, and services software for power management, thermal management (cooling), and IT management. Their hardware and systems are essential to keeping data centers, communication networks, and industrial facilities running continuously without overheating.
1. Revolution Medicines Inc. (NASDAQ:RVMD)
Stock Upside Potential: 23.09%
Year to Date Gain: 87.91%
Number of Hedge Fund Holders: 106
Revolution Medicines Inc. (NASDAQ:RVMD) is one of the best hot stocks to buy for June. On June 8, RBC Capital reiterated an Outperform rating on Revolution Medicines Inc. and a $182 price target.
The research firm remains bullish on the company’s outlook for candidate drug daraxonrasib (formerly referred to as daraxibart), which demonstrated an overall survival benefit in patients with metastatic pancreatic cancer. The candidate drug has demonstrated significant, clinically meaningful improvements in progression-free survival (PFS) and overall survival (OS) compared with the standard of care.
According to RBC Capital, the positive clinical trials strengthen Revolution Medicine’s position in the pancreatic ductal adenocarcinoma market. Consequently, it expects the company to become a leader in the space on daraxibart, achieving $5.6 billion in peak sales by combining with other treatment regimens.
Pancreatic cancer is the most RAS-addicted of all major cancers, with patients harboring tumors driven by mutations in RAS proteins. The positive clinical trial results validate the company’s ability to target common RAS-addicted cancers through RAS(ON).
Revolution Medicines Inc. is a clinical-stage precision oncology company that discovers and develops targeted therapies for patients with RAS-addicted cancers. Their focus is on developing specialized drugs called RAS(ON) inhibitors that target and block the specific proteins driving tumor growth in hard-to-treat diseases such as pancreatic, lung, and colorectal cancers.
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