In this article, we will look at the 10 Best Non-Tech Stocks to Buy According to Analysts.
On June 24, Tom Lee, Head of Research at Fundstrat Global Advisors, appeared on CNBC to talk about how the semiconductor selloff is a buying opportunity, earnings growth is supporting higher stocks, and the S&P 500 has upside beyond current targets.
He talked about the note they published recently, looking at the 17 times that the semi index, SMH, had fallen 6% more in a single day. He said that this may or may not surprise viewers, but these almost always occur in the middle of a bull market. These sharp one-day drops are not a sign of a top but are actually rather buyable entry points. One month later, 80% of the time, the semi index is higher with a 12% median gain, which means that your 6% drop is more than recovered within a month. He believes this is a “buy the pullback” moment.
READ ALSO: 12 Cheap Growth Stocks to Get Rich AND 12 Best Big Tech Stocks to Buy According to Wall Street Analysts.
Lee further talked about how, in some ways, we know that these stocks are overbought because technical measures like RSI have never been more overbought. However, when you look at valuations for the market overall, it is actually cheaper today than it was six months ago. The S&P earnings have gone up almost $50 since January of this year, and so the forward P/E went from 19.4 to 18.4. He added that viewers might think the market is ahead of earnings, but it turns out that the stock market hasn’t caught up to the rise in earnings so far.
With these broader market trends in view, let’s look at the best non-tech stocks to buy according to analysts.
Our Methodology
We used the Finviz stock screener to identify the best non-tech stocks that have high analyst upside potential (atleast 30%) and then selected the top 10 stocks most popular among hedge funds as of Q1 2026, using the hedge fund sentiment data from Insider Monkey’s database. The stocks are arranged in ascending order of analyst upside.
Note: All data was recorded on June 22.
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. Insider Monkey’s quarterly newsletter 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).
10 Best Non-Tech Stocks to Buy According to Analysts
10. HCA Healthcare, Inc. (NYSE:HCA)
Analyst Upside: 33.54%
HCA Healthcare, Inc. (NYSE:HCA) is one of the best non-tech stocks to buy according to analysts. TD Cowen cut the price target on HCA Healthcare, Inc. (NYSE:HCA) to $431 from $500 on June 22 and maintained a Buy rating on the shares. The firm told investors in a research note that it reduced the company’s 2026 and 2027 growth assumptions after its May hospital survey showed flat year-over-year revenue. It further stated that the survey commentary shows weaker surgical volumes that were partially offset by growth in medical volumes.
In a separate development, HCA Healthcare, Inc. (NYSE:HCA) and The College of Health Care Professions announced on May 27 an agreement for HCA Healthcare to acquire ownership of CHCP. CHCP provides healthcare education to more than 8,000 students per year, across 10 campuses throughout Texas and online. Management stated that the agreement highlights a shared commitment to academic quality, student success, and workforce readiness. HCA Healthcare and CHCP have been partnering for decades, primarily through clinical sites, program advisory boards, and career placement.
HCA Healthcare, Inc. (NYSE:HCA) is a health services company involved in operating hospitals, urgent care facilities, freestanding surgery centers, emergency care facilities, walk-in clinics, diagnostic and imaging centers, comprehensive rehabilitation and physical therapy centers, radiation and oncology therapy centers, and several more. The company operates general and acute care hospitals that offer medical and surgical services.
9. SLB N.V. (NYSE:SLB)
Analyst Upside: 34.17%
SLB N.V. (NYSE:SLB) is one of the best non-tech stocks to buy according to analysts. SLB N.V. (NYSE:SLB) announced on June 15 the launch of the SLB Digital Marketplace, which is a curated digital destination specialised to help energy companies rapidly discover and deploy specialized AI agents, skills, domain models, tools, data connectors, and digital applications within their existing digital environments. It further stated that the SLB Digital Marketplace “extends the company’s open platform strategy to its Tela™ agentic AI assistant by enabling SLB, partners, independent software vendors (ISVs), developers, and customers to bring purpose-built digital capabilities to the energy industry through a single, governed channel”. SLB N.V. (NYSE:SLB) stated that all marketplace offerings are certified against SLB standards for security, compatibility, and interoperability before listing.
Olivier Le Peuch, chief executive officer of SLB N.V. (NYSE:SLB), stated that AI in energy is “shifting from promise to performance,” and that the “SLB Digital Marketplace is designed to accelerate that shift by creating an open ecosystem where innovation can scale, solutions can interoperate, and customers can move faster from insight to action”.
SLB N.V. (NYSE:SLB) provides energy technology and operates through the following business segments: Digital and Integration, Reservoir Performance, Well Construction, and Production Systems.
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