In this article, we will look at the 10 Best Stocks to Buy Now for Long Term Growth.
On May 29, Andrew Slimmon, Senior Portfolio Manager at Morgan Stanley, appeared on CNBC’s ‘Closing Bell’ to talk about equity markets, whether investors should keep riding the tech winning streak, and more.
Talking about Dow, S&P 500, and Nasdaq setting intraday record highs, he was of the view that on the surface, earnings justify it, as the earnings revisions have been “unbelievably strong”. If you draw a line at the end of the year, that validates a market that is higher.
READ ALSO: 10 Best Commodity Stocks to Buy for the Supercycle AND 12 Best Small Cap Tech Stocks to Buy According to Hedge Funds.
However, he also believes that it is not just the AI beneficiaries that scare him, but also the unprofitable, very speculative tech stocks, as they are the ones that did the best in May and quarter-to-date. That, according to him, is a sign of a very “bubbly” market. Slimmon believes that we are due for a cooling off, or it is going to be 2021. He further posed the question of whether valuations justify many of the chip stocks, his answer to which is yes. The earnings estimates for many of these companies are up just as much as the stocks are, and so he believes it is easier to get involved in those stocks.
With these broader market trends in view, let’s look at the best stocks to buy for long term growth.
Our Methodology
We sifted through financial media reports and ETFs tracking blue-chip and high-quality stocks to find the best long-term stocks with stable fundamentals. We 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 hedge fund sentiment.
Note: All data was recorded on May 30.
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 Stocks to Buy Now for Long Term Growth
10. Royal Bank of Canada (NYSE:RY)
Number of Hedge Fund Holders: 32
Royal Bank of Canada (NYSE:RY) is one of the best stocks to buy now for long term growth. Royal Bank of Canada (NYSE:RY) received a rating update from CIBC on May 29, with the firm lifting the price target on the stock to C$279 from C$258 while reaffirming a Neutral rating on the shares. The company also received a rating update from Barclays the same day. The firm lifted the price target on Royal Bank of Canada (NYSE:RY) to C$260 from C$245 and maintained an Overweight rating on the shares. The rating updates came after the bank reported financial results for fiscal Q1 2026 on May 28.
In its financial results for the quarter ended April 30, 2026, the company reported net income of $5.5 billion, up $1,119 million or 25% from the previous year. Diluted EPS rose 27% over the same period to $3.85, highlighting growth across each of Royal Bank of Canada’s (NYSE:RY) business segments. Adjusted net income and adjusted diluted EPS for the quarter were $5.6 billion and $3.90, up 23% and 25%, respectively, from the prior year.
Royal Bank of Canada (NYSE:RY) provides banking and financial services. The company’s operations are divided into the following segments: Personal and Commercial Banking, Wealth Management, Insurance, Capital Markets, and Corporate Support.
9. The Toronto-Dominion Bank (NYSE:TD)
Number of Hedge Fund Holders: 33
The Toronto-Dominion Bank (NYSE:TD) is one of the best stocks to buy now for long term growth. On May 28, Jefferies lifted the price target on The Toronto-Dominion Bank (NYSE:TD) to C$151 from C$142, maintaining a Hold rating on the shares and stating that fiscal Q2 exhibited the company’s breadth, with solid contributions across the board. The firm also stated that further better-than-forecast capital markets results highlight that The Toronto-Dominion Bank (NYSE:TD) has enhanced that platform, noting that credit performance in the U.S. was compelling and management is confident that lending in the region should begin to pick up.
For reference, in its financial results for the quarter ended April 30, 2026, The Toronto-Dominion Bank (NYSE:TD) announced that reported diluted earnings per share were $2.43, compared with $6.27 in the prior year period, while adjusted diluted earnings per share were $2.38, compared to $1.97 in fiscal Q2 2025.
The Toronto-Dominion Bank (NYSE:TD) provides financial products and services. Its operations are divided into the following segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, Wholesale Banking, and Corporate segment.
