In this article, we will discuss the 10 Best Up and Coming Stocks to Invest In Right Now.
On July 7, Colin Stewart, CEO & Portfolio Manager at JC Clark, joined BNN Bloomberg to discuss his reasons for a cautious outlook on the markets, despite the rally in technology stocks. He attributed this wariness to several factors, noting primarily that inflation continues to run above trend. Furthermore, Stewart observed that the probability of a Federal Reserve rate cut has diminished, with growing market discussion regarding a high likelihood of a rate increase later in the year.
Beyond macroeconomic concerns, Stewart points to signs of speculation within popular market sectors, such as semiconductor memory companies and the recent initial public offering of SpaceX. He highlighted the unprecedented retail demand for SpaceX as a point of concern, specifically noting that the company lacks profitability and went public at an implied revenue multiple exceeding 100 times. Stewart concluded that these indicators suggest the market is late in its current cycle. While he acknowledges the difficulty in predicting the exact timing of a correction, he advises investors to exercise caution, prioritize quality businesses, and focus on companies trading at reasonable valuation multiples.
Additionally, Stewart cautions that the technology sector remains an area where many businesses and “hot” sectors command extremely high valuations, even when those companies are not yet generating any profit. On that note, let’s take a look at some of the best up and coming stocks to invest in .
Our Methodology
We used screeners to identify stocks that have gone public in the last 5 years, and 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.
Note: All data was sourced on July 9.
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’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).
10 Best Up and Coming Stocks to Invest In Right Now
10. Haleon (NYSE:HLN)
Number of Hedge Fund Holders: 19
Haleon (NYSE:HLN) is one of the best up and coming stocks to invest in right now. On June 1, Haleon announced a five-year collaboration with Microsoft (NASDAQ:MSFT) to scale its digital, data, and AI capabilities. This partnership aims to accelerate the company’s global “Win as One” strategy by integrating Microsoft’s cloud and AI tools into Haleon’s consumer health operations.
The initiative builds on existing uses of Microsoft 365 Copilot to automate tasks and boost productivity across the organization. By adopting advanced agentic AI, security, and identity features, Haleon intends to scale its AI infrastructure securely and responsibly while streamlining operations from supply chain to commercial execution.
Both companies will co-create high-impact AI use cases to enhance innovation, scientific research, and consumer insights. These efforts support Haleon’s (NYSE:HLN) goal of reaching one billion more consumers by 2030, ultimately enabling the business to make faster, more data-driven decisions.
Haleon (NYSE:HLN), together with its subsidiaries, researches, develops, manufactures, and sells various consumer healthcare products in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific.
9. Sunbelt Rentals Holdings Inc. (NYSE:SUNB)
Number of Hedge Fund Holders: 33
Sunbelt Rentals Holdings Inc. (NYSE:SUNB) is one of the best up and coming stocks to invest in right now. On June 6, Sunbelt Rentals announced its intention to launch a private offering of two series of benchmark-sized senior notes. This offering is subject to market and other prevailing conditions and is directed toward eligible purchasers.
The company plans to utilize the net proceeds from this offering for general corporate purposes. These include funding capital expenditures, working capital, and the potential repayment, refinancing, or redemption of existing indebtedness, such as amounts under current credit facilities.
These notes are being offered exclusively to qualified institutional buyers under Rule 144A and to non-US persons under Regulation S. As they have not been registered under the Securities Act of 1933, they cannot be offered or sold in the US without registration or an applicable exemption.
Sunbelt Rentals Holdings Inc. (NYSE:SUNB) is a rental & leasing services company that offers construction, industrial, and general equipment rental businesses for customers in various sectors.
8. UL Solutions Inc. (NYSE:ULS)
Number of Hedge Fund Holders: 36
UL Solutions Inc. (NYSE:ULS) is one of the best up and coming stocks to invest in right now. On June 24, UL Solutions announced the opening of a new automotive electromagnetic compatibility laboratory in Toyota City, Japan. This facility, which began operations on July 1, is designed to support the development of increasingly complex vehicle technologies in a major global automotive hub.
The laboratory provides critical EMC testing to help manufacturers ensure that vehicle electronics, such as braking and steering systems, remain protected from electromagnetic interference. As the automotive industry shifts toward autonomous and software-defined vehicles, this center offers specialized capabilities for high-voltage, high-current, and high-performance testing.
Located in Japan’s Tokai region, the facility strengthens UL Solutions Inc.’s (NYSE:ULS) global footprint and provides automakers with faster access to advanced testing expertise. By helping manufacturers meet global compliance standards, the lab aims to reduce malfunction risks and accelerate the market entry of next-generation automotive technologies.
UL Solutions Inc. (NYSE:ULS) is a global leader in applied safety science. It provides testing, inspection, and certification services, along with software and advisory solutions, to help businesses in over 110 countries manage regulatory compliance and product innovation.
7. GlobalFoundries Inc. (NASDAQ:GFS)
Number of Hedge Fund Holders: 44
GlobalFoundries Inc. (NASDAQ:GFS) is one of the best up and coming stocks to invest in right now. On June 23, GlobalFoundries announced the production readiness of its SLATE wafer-to-wafer bonding technology on its 9SW radio-frequency silicon-on-insulator platform. Manufactured at the company’s 300mm facility in Singapore, this 3D integration solution is expected to ramp to volume production by the second half of 2027.
The SLATE technology allows designers to stack and integrate large-size field-effect transistors in vertical architectures, reducing die size by up to 45%. This capability helps decrease the total design area for radio-frequency components, such as antenna tuners and amplifiers, in space-constrained 5G mobile devices.
By combining the 9SW platform with advanced 3D packaging, GlobalFoundries Inc. (NASDAQ:GFS) aims to support the development of more compact and power-efficient cellular front-ends. An integrated process design kit is currently available to help designers begin prototyping for next-generation mobile and wireless applications.
GlobalFoundries Inc. (NASDAQ:GFS) is a leading multinational semiconductor manufacturer operating as a pure-play foundry, producing chips designed by other companies.
6. Rubrik Inc. (NYSE:RBRK)
Number of Hedge Fund Holders: 46
Rubrik Inc. (NYSE:RBRK) is one of the best up and coming stocks to invest in right now. On June 9, Rubrik announced a $500 million investment in the UK over the next 5 years and the establishment of its European headquarters in London. This strategic move highlights the importance of the British market to the company’s long-term growth and commitment to its regional customer base.
The investment aims to support Rubrik’s local ecosystem, helping organizations across Europe address data sovereignty needs and recover from cyberattacks. This follows the company’s recent integration with the AWS European Sovereign Cloud to provide secure cyber resilience for highly regulated industries and the public sector.
Beyond core data security, Rubrik Inc. (NYSE:RBRK) is expanding its focus to include AI resilience to protect against errors made by autonomous agents. By utilizing its background in cyber recovery, the company is developing security guardrails and “rewind” features to allow users to reverse unintended actions taken by AI tools.
Rubrik Inc. (NYSE:RBRK) is a cybersecurity company focused on data protection, cyber resilience, and enterprise AI. Rubrik Security Cloud platform helps organizations secure, monitor, and recover data, identities, and workloads across cloud environments. In addition, Rubrik Agent Cloud supports enterprises in deploying trusted AI agents at scale.
While we acknowledge the potential of RBRK to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RBRK and that has 100x upside potential, check out our report about the cheapest AI stock.
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