In this article, we will look at the 10 Good Stocks to Invest In Now.
On June 10, Tom Lee appeared on a CNBC Television interview to discuss the latest market moves. Despite the recent correction for many tech names, Lee believes that this market action is healthy and will not impact the tech rally. He elaborated that most of the technology sell-off has been due to investor nervousness ahead of the SpaceX IPO. Moreover, big tech names, including Google, Meta, Anthropic, and OpenAI, are expected to raise a huge sum of capital. Hence, Lee believes that the market is pricing in these actions ahead of the SpaceX IPO.
SpaceX is a $75 billion IPO, and because of the stock’s inclusion in the NASDAQ 100, Lee notes that a lot of institutional holders will need to raise funds to buy the IPO and keep cash for better positioning. Lee noted that institutional holders and retail investors have been selling recent winners to get the cash they can allocate for the SpaceX IPO. Lee expects the new stock to trade well and believes that the tech trade remains healthy and will continue to move higher.
With that, let’s take a look at the 10 Good Stocks to Invest in Now.
Our Methodology
To curate the list of 10 Good Stocks to Invest in Now, we used the iShares MSCI USA Quality Factor ETF and reputable financial media. Using the sources, we aggregated a list of Good Stocks (High Quality) and ranked them in ascending order of the number of hedge fund holders. We have limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment.
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 Good Stocks to Invest In Now
10. Eli Lilly and Company (NYSE:LLY)
Number of Hedge Fund Holders: 132
Eli Lilly and Company (NYSE:LLY) rose around 12% in May 2026, primarily driven by strong FQ1 2026 earnings beat and FDA approval for Foundayo and expansion of insurance coverage of obesity treatment. With 132 hedge funds holding the stock as of Q1 2026, Eli Lilly and Company (NYSE:LLY) is one of the Good Stocks to Invest in Now.
Recently, on June 9, Goldman Sachs analyst Asad Haider reiterated a Buy rating on the stock with a price target of $1,283. The analyst noted the company’s expanding growth pipeline of obesity treatment as a key driver of the bullish sentiment. Haider highlighted Lilly’s Retatrutide, which is showing strong efficacy at a lower 4 mg dose and delivers weight loss comparable to Zepbound’s highest dose. The analyst noted that the simpler titration schedule and better tolerability of the drug suggest a much broader patient base than previously anticipated.
Moreover, the firm also points to Eloralintide, which is a differentiated amylin agonist offering double-digit weight loss with placebo-like tolerability and no titration required. The analyst believes that this position makes Eloralintide a more accessible alternative to current GLP-1 therapies and a cornerstone of one of Lilly’s most expansive development programs.
Goldman Sachs sees potential for upward revisions as potential launches are expected in 2027 and 2028.
Eli Lilly and Company (NYSE:LLY) is a healthcare company that develops human pharmaceutical products, including cardiometabolic health, oncology, and immunology products.
9. Applied Materials, Inc. (NASDAQ:AMAT)
Number of Hedge Fund Holders: 138
Applied Materials, Inc. (NASDAQ:AMAT) rose more than 17% in May 2026, driven by record-breaking FQ2 2026 earnings and growing AI-driven demand. The stock was held by 138 hedge funds in Q1 2026, and 32 out of 40 analysts covering the stock maintain a Buy rating. Applied Materials, Inc. (NASDAQ:AMAT) is also among our Good Stocks to Invest in.
During the fiscal Q2 2026 earnings, the company delivered record revenue of $7.91 billion, reflecting 11% year-over-year increase and exceeding the expectations of $7.69 billion. The non-GAAP adjusted EPS also reached a record high of $2.86, topping the consensus by 6.5%. The performance was driven by value-based pricing and the market shift towards leading-edge foundry logic, DRAM, and advanced packaging, which now fuel over 80% of growth.
Moreover, recently, on May 26, Applied Materials, Inc. (NASDAQ:AMAT) also announced partnering with SCREEN Semiconductor Solutions as SCREEN joins EPIC Center in Silicon Valley as a new innovation partner. Both companies are expected to join expertise to develop advanced chip manufacturing solutions.
Management noted that as semiconductors grow more complex, wafer surface cleanliness has become critical to yield, performance, and reliability. To cater to this, Applied Materials will combine its expertise in deposition, dry etch, and materials modification with SCREEN’s industry-leading wafer cleaning, wet etch, and surface preparation capabilities. The companies aim to deliver end-to-end, co-optimized process solutions that help chipmakers achieve higher yields and faster production timelines.
Applied Materials, Inc. (NASDAQ:AMAT) is a materials engineering solutions company that provides equipment, software, and services to the semiconductor, display, and related industries. The company operates through its Semiconductor Systems and Applied Global Services (AGS) segments.
8. Netflix, Inc. (NASDAQ:NFLX)
Number of Hedge Fund Holders: 144
Netflix, Inc. (NASDAQ:NFLX) is one of the Good Stocks to Invest in Now. Although the stock has declined roughly 25% since FQ1 2026 earnings, Wall Street’s 12-month average price target suggests more than 41% upside from the current level.
The company released earnings on April 17, following which the stock started losing value, pressured by cautious full-year 2026 revenue guidance. Netflix posted $12.25 billion in revenue ahead of the expected $12.17 billion and EPS of $1.23. Management maintained its full-year guidance of 12% to 14% revenue growth and a 31.5% operating margin.
Despite the cautious outlook and decline in share price, analysts project significant upside due to the company’s advertising tier scales and live sports business acceleration. For instance, recently, on June 4, Bernstein SocGen Group reiterated an Outperform rating on Netflix, Inc. (NASDAQ:NFLX) with a price target of $110. The firm noted that beneath the backdrop of declining share value lies the fundamental strength of Netflix. The firm highlighted that Netflix remains a utility subscription video-on-demand service at a low cost, and is underpenetrated in non-Anglophone markets.
Management had also pointed towards significant room for growth in the earnings call, noting that the company currently only holds 5% of global TV viewership share.
Netflix Inc. (NASDAQ:NFLX) is a global streaming service offering TV shows, movies, documentaries, and interactive content. It operates a subscription model, produces “Original” content, and supports both ad-free and ad-supported viewing across devices.
7. Mastercard Incorporated (NYSE:MA)
Number of Hedge Fund Holders: 157
Mastercard Incorporated (NYSE:MA) is one of the Good Stocks to Invest in Now. Over the past few days, the stock has climbed around 2% following a preliminary judicial approval for a landmark $38 billion swipe-fee settlement.
Recently, on June 9, Reuters reported that a US federal judge granted preliminary approval to a revised $38 billion settlement between Visa, Mastercard, and merchants over allegations that the card networks charged excessive payment processing fees. The report explained that the litigation goes back to 2005 when merchants accused Visa, Mastercard, and banks of conspiring to violate U.S. antitrust laws through the collection of swipe fees. Previously, in 2024, a $30 billion settlement was rejected by a different judge who deemed the evidence insufficient.
According to the new deal, both Mastercard and Visa have agreed to lower swipe fees by 0.1% for five years, while standard consumer rates would be capped at 1.25% for eight years. Moreover, merchants will now have more flexibility to impose surcharges and could choose whether to accept cards across three distinct categories, including commercial, premium consumer, and standard consumer cards.
Reuters noted that Judge Brian Cogan acknowledged that many objections had merit but emphasized the standard was not perfection; the settlement represents the best achievable outcome given the risks of going to trial.
Mastercard Inc (NYSE:MA) operates in the payments industry and is one of the leading payment processors for everyday consumers, financial institutions, governments, and businesses. The company is headquartered in New York, United States.
6. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 170
The shares of Apple Inc. (NASDAQ:AAPL) have declined by around 8% following the company’s WWDC 2026 conference on Monday, June 8. Wall Street still sees more than 10% upside, and the stock is held by 170 hedge funds, making it a Good Stock to Invest in Now.
During the conference, Apple finally showed functional generative AI across its devices. However, Siri AI is only expected in Beta version later in 2026 with a limited rollout in the US, excluding key markets including Europe and China. Although Wall Street didn’t get the blockbuster agentic AI that it wanted to see from Apple, the company has started to use its cloud as a testing model for heavier AI usage.
Following the conference, on June 9, Morgan Stanley analyst Erik Woodring raised the firm’s price target on Apple Inc. (NASDAQ:AAPL) from $330 to $360 and maintained a Buy rating on the shares. Woodring noted that the WWDC conference demonstrated clear progress on Apple’s AI roadmap and pointed to an earlier monetization opportunity than the firm had previously expected.
Despite the positive signals, Woodring cautioned that Apple’s intelligence improvements will take time to fully materialize. He described WWDC as “a step in the right direction” that should continue to improve, but tempered expectations around the pace of AI development.
Apple Inc. (NASDAQ:AAPL) designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and home accessories. The company develops its own operating systems (iOS, macOS) and provides digital services, including iCloud, Apple Pay, and content streaming through the App Store and Apple TV+.
While we acknowledge the potential of AAPL 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 AAPL and that has 100x upside potential, check out our report about the cheapest AI stock.
Click to continue reading and see the 5 Good Stocks to Invest in Now.
Disclosure: None. Follow Insider Monkey on Google News.
