Earlier on July 1, Ralph Schlosstein, Evercore’s chairman emeritus and BlackRock’s co-founder, joined ‘Closing Bell Overtime’ on CNBC to talk about his outlook for markets heading into H2 2025. Schlosstein explained that it’s impossible to say that tariffs are entirely behind us. Still, he expressed cautious optimism and noted a strong desire from both the US government and its negotiating counterparts to reach the least disruptive settlement possible. While he acknowledged that there might be some mini tantrums, he overall expects no major disruptions from tariffs in H2. Schlosstein also stated that while predicting future economic statistics with certainty is impossible, the trend for inflation appears positive and lays a strong foundation for a September rate cut. He also observed a slight loosening in the labor markets, which would support a downward move in interest rates. He concluded that the next directional change in Fed interest rates would be downward. The only remaining question was the number of cuts this year. Schlosstein expected two, and if not two, then three rather than just one.
Schlosstein also noted signs of the IPO market percolating, an increase in M&A activity, and more liquidity entering the market. Schlossstein first addressed M&A and reiterated his earlier prediction that 2025 would be stronger than 2024 in terms of dollar volume, and 2026 would be stronger than 2025. While the initial pace had been slower than anticipated due to volatility and uncertainty in the first few months of the year, he stood by his forecast. Regarding the markets generally, he pointed to several key factors: monetary policy would become accommodative in the latter half of the year, and a stimulative fiscal policy was almost certain to pass. He believed government actions would strive not to disrupt the building of confidence in the economy.
That being said, we’re here with a list of the 10 most profitable new stocks to buy now.
A portfolio manager studying various stocks and other securities on a tablet.
Methodology
We sifted through the Finviz stock screener to compile a list of the top companies that went public in the last 2 years and had a TTM net income greater than $300 million. We then selected 1o stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q1 2025.
Note: All data was recorded on July 23.
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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10 Most Profitable New Stocks to Buy Now
10. Inhibrx Biosciences Inc. (NASDAQ:INBX)
TTM Net Income as of July 23: $1.72 billion
Number of Hedge Fund Holders: 10
Inhibrx Biosciences Inc. (NASDAQ:INBX) is one of the most profitable new stocks to buy now. On July 18, it was reported that Inhibrx Biosciences is currently conducting a pivotal Phase 2/3, randomized clinical study, titled “HexAgon-HN,” to evaluate the efficacy and safety of INBRX-106.
The study combines INBRX-106, which is a hexavalent OX40 agonist antibody, with pembrolizumab (an anti-PD-1 antibody) as a first-line treatment for patients with recurrent or metastatic Head and Neck Squamous Cell Carcinoma/HNSCC that expresses PD-L1 (with a Combined Positive Score of ≥20). The combination therapy is being compared against pembrolizumab monotherapy. Both INBRX-106 and pembrolizumab are administered intravenously every 3 weeks.
The study design is randomized with a parallel assignment model, and the Phase 3 portion will be double-blind, ensuring that neither participants nor investigators are aware of the treatment allocations. The primary objective is to evaluate treatment efficacy. The HexAgon-HN study commenced on May 14 earlier this year and is actively recruiting participants. The most recent update regarding the study’s progress was submitted on July 15.
Inhibrx Biosciences Inc. (NASDAQ:INBX) is a clinical-stage biopharmaceutical company that engages in the development of biologic therapeutics for people with life-threatening conditions.
9. Hamilton Insurance Group Ltd. (NYSE:HG)
TTM Net Income as of July 23: $324.1 million
Number of Hedge Fund Holders: 21
Hamilton Insurance Group Ltd. (NYSE:HG) is one of the most profitable new stocks to buy now. On July 14, Morgan Stanley raised its price target for Hamilton Insurance from $20 to $21 per share, while maintaining an Equal Weight rating on the shares. This indicates a slightly more optimistic outlook for the company’s valuation.
Despite global catastrophe losses, the company reported a net income of $81 million in Q1 2025. Gross premiums written increased by 17% due to growth in both its Bermuda and International segments. The company also saw strong investment returns, which totaled $167 million and helped offset catastrophe losses.
However, the company experienced high catastrophe loss ratio of 30.2% primarily due to the California wildfires. The combined ratio increased to 111.6% from 91.5% in the previous year, mainly attributed to these catastrophe losses. The expense ratio also rose by 1.2 points to 32.4%, driven by higher acquisition costs and changes in business mix. The Bermuda segment specifically incurred an underwriting loss of $59 million, which resulted in a combined ratio of 122.8% due to catastrophe losses.
Hamilton Insurance Group Ltd. (NYSE:HG) is a specialty insurance and reinsurance company in Bermuda and internationally.
8. Venture Global Inc. (NYSE:VG)
TTM Net Income as of July 23: $1.50 billion
Number of Hedge Fund Holders: 24
Venture Global Inc. (NYSE:VG) is one of the most profitable new stocks to buy now. On July 16, Venture Global and Italy’s Eni announced a new 20-year Sales and Purchase Agreement/SPA. Under the agreement, Eni will purchase 2 million tonnes per annum/MTPA of liquefied natural gas/LNG from CP2 LNG, which is Venture Global’s third project.
The deal marks Eni’s first long-term agreement with a US LNG producer. With this new contract, ~13.5 MTPA of CP2 Phase One has now been sold. This brings the total contracted capacity for all of Venture Global’s projects to 43.5 MTPA. To date, Venture Global has already supplied Italy with nearly 40 cargoes of US LNG from its operational Calcasieu Pass and Plaquemines LNG facilities, which began producing LNG in 2022 and December 2024, respectively.
CP2 LNG is located in Louisiana along the Gulf of America and is an important project for global energy supply and security, as it attracts international customers from Europe, Asia, and other regions. Venture Global aims to produce and export over 100 MTPA of low-cost US LNG across its projects in production, construction, or development.
Venture Global Inc. (NYSE:VG) develops, constructs, and produces natural gas liquefaction and export projects near the US Gulf Coast in Louisiana.
Eni is a global energy tech company that is headquartered in Italy and operates in 60+ countries.
7. Smithfield Foods Inc. (NASDAQ:SFD)
TTM Net Income as of July 23: $1.02 billion
Number of Hedge Fund Holders: 29
Smithfield Foods Inc. (NASDAQ:SFD) is one of the most profitable new stocks to buy now. On June 21, Smithfield Foods announced that it will be relocating ~115 US corporate jobs to its headquarters in Hampton Roads, Virginia, by the end of 2026. The move involves closing two regional Midwest offices located in Illinois and Missouri.
The company has not yet determined the exact number of employees who will relocate versus new hires for these roles. The consolidation will improve operating efficiency, reduce the company’s real estate footprint, and better utilize existing office capacity.
In 2024, Smithfield Foods reported contributing $2.5 million in cash and in-kind donations and generating $3.9 million in tax revenue within Virginia. The company also operates an R&D facility and a bacon and fresh pork processing plant in Smithfield.
Smithfield Foods Inc. (NASDAQ:SFD) produces packaged meats and fresh pork in the US and internationally.
6. Arm Holdings (NASDAQ:ARM)
TTM Net Income as of July 23: $792 million
Number of Hedge Fund Holders: 42
Arm Holdings (NASDAQ:ARM) is one of the most profitable new stocks to buy now. On July 9, Arm Holdings significantly expanded its presence in the data center market, with the number of customers using Arm-based chips in data centers surging to 70,000.
This represents a remarkable 14x increase since 2021.This growth is attributed to the high demand for GenAI computing, with Arm reporting a 12x increase in startups using its chips since 2021.
Companies like Amazon.com Inc. (NASDAQ:AMZN), Alphabet Inc.’s (NASDAQ:GOOGL) Google, and Microsoft Corp. (NASDAQ:MSFT) have developed their own in-house Arm-based chips for their extensive infrastructure. For instance, Amazonrolled out several generations of its Arm-based data center processors (CPUs) since 2018, which include AI-optimized versions, adding millions of these chips to its AWS cloud computing platform.
Arm Holdings (NASDAQ:ARM) engages in the architecture, development, and licensing of central processing unit products and related technologies for semiconductor companies and OEMs.
5. Veralto Corporation (NYSE:VLTO)
TTM Net Income as of July 23: $874 million
Number of Hedge Fund Holders: 45
Veralto Corporation (NYSE:VLTO) is one of the most profitable new stocks to buy now. On July 22, Veralto announced a €20 million investment commitment to Emerald Technology Ventures’ Global Water Fund II.
The commitment establishes Veralto as a cornerstone investor in the new fund, which is targeting between €150 million and €180 million and is expected to launch in October.
Veralto’s investment provides it with early insight and access to promising early and growth-stage water technology businesses that aim to solve complex challenges faced by Veralto’s current customers. In turn, Emerald’s portfolio companies will benefit from Veralto’s strong customer relationships, global market reach, and proven expertise in scaling innovative businesses.
Veralto Corporation (NYSE:VLTO) provides water analytics, water treatment, marking & coding, and packaging & color solutions. It operates through 2 segments: Water Quality/WQ and Product Quality & Innovation/PQI.
Emerald Technology Ventures is a venture capital firm that focuses on sustainable industrial innovation and manages over €1.2 billion in assets.
4. Viking Holdings Ltd. (NYSE:VIK)
TTM Net Income as of July 23: $537.9 million
Number of Hedge Fund Holders: 58
Viking Holdings Ltd. (NYSE:VIK) is one of the most profitable new stocks to buy now. On July 23, Bank of America/BofA increased its price target for Viking Holdings from $51 to $70, while reiterating a Buy rating on the shares.
The adjustment shows BofA’s positive sentiment toward the cruise sector. The analyst pointed out that cruise line stocks have outperformed the broader market and other travel stocks. In Q1 2025, the company reported a 24.9% year-over-year increase in revenue, which reached ~$900 million. Net Yield saw a 7.1% increase.
However, Viking Holdings reported a net loss of $105 million for Q1, and its adjusted EPS was a loss of $0.24, despite an improvement. The River segment’s net yield decreased by 2.7% year-over-year, which signaled potential challenges within this segment.
Viking Holdings Ltd. (NYSE:VIK) engages in the passenger shipping and other forms of passenger transport in North America, the UK, and internationally.
3. Maplebear Inc. (NASDAQ:CART)
TTM Net Income as of July 23: $433 million
Number of Hedge Fund Holders: 64
Maplebear Inc. (NASDAQ:CART) is one of the most profitable new stocks to buy now. On July 21, Bernstein upped its price target for Maplebear (more commonly referred to as Instacart) to $60 from $55, while maintaining an Outperform rating on the shares. The adjustment shows the firm’s optimism about Instacart’s current valuation and its potential to surpass market EBITDA forecasts.
A key driver for this outlook is Instacart’s third-quarter Gross Transaction Value/GTV guidance, especially as its Restaurant segment continues to expand. Although Bernstein anticipates a slight slowdown, it believes that Wall Street’s expectations remain achievable due to the ongoing growth of Restaurant operations.
In Q1 2025, the company’s GTV saw a 10% year-over-year growth, reaching the upper end of its guidance. Order growth increased by 14% year-over-year. However, the Average Order Value/AOV experienced a 4% year-over-year decrease.
Maplebear Inc. (NASDAQ:CART), doing business as Instacart, provides online grocery shopping services to households in North America. Its service can be provided through the company’s mobile application or website.
2. SharkNinja Inc. (NYSE:SN)
TTM Net Income as of July 23: $446.9 million
Number of Hedge Fund Holders: 69
SharkNinja Inc. (NYSE:SN) is one of the most profitable new stocks to buy now. On July 22, Goldman Sachs increased its price target for SharkNinja to $126 from $112, while maintaining a Buy rating on the shares. The update shows revisions in the firm’s estimates for the US apparel and softlines sector, incorporating current tariff rates. These rates include 30% for China, 20% for Vietnam, 19% for Indonesia, and 10% for the rest of the world.
In Q1 2025, the company reported its net sales increasing ~15% year-over-year. The company achieved an adjusted gross margin of 50% and adjusted EBITDA of $200 million in Q1 2025. A strategic move includes the successful diversification of its manufacturing capabilities, with an expectation to shift 90% of its US volume outside of China by the end of Q2 2025, and nearly all by the end of 2025.
SharkNinja is actively expanding into new product categories, having launched products like the Slushy frozen drink maker and Cryoglow skincare product. The company is committed to launching at least 25 new products in 2025.
SharkNinja Inc. (NYSE:SN) is a product design and technology company that engages in the provision of various solutions for consumers in the US, China, and internationally.
1. GE Vernova Inc. (NYSE:GEV)
TTM Net Income as of July 23: $1.94 billion
Number of Hedge Fund Holders: 111
GE Vernova Inc. (NYSE:GEV) is one of the most profitable new stocks to buy now. On July 24, JPMorgan analyst Mark Strouse upgraded the price target for GE Vernova to $715 from $620, while keeping an Overweight rating on the stock. The revision followed GE Vernova’s Q2 performance exceeding expectations across all key areas. Strouse particularly highlighted the encouraging improvement in the company’s margins.
In Q2 2025, the company reported orders of $12.4 billion, which was up 4% year-over-year. Revenue increased by 12% due to higher equipment and services revenues and reached $12.4 billion. The equipment backlog grew from $45 billion to $50 billion in Q2, which contributed to a total backlog of $129 billion.
The Power Segment EBITDA Margin stood at 16.4%, while the Electrification Segment EBITDA Margin was 14.6%. However, Wind Segment EBITDA Losses increased by approximately $50 million year-over-year. Year-to-date, the company has spent $1.6 billion on stock buybacks. For the full year, GE Vernova is now trending towards the higher end of its revenue guidance of $36 billion to $37 billion and has raised its full-year Free Cash Flow guidance to $3 billion to $3.5 billion.
However, the European HVDC orders are weaker in 2025 due to affordability challenges, which impacts the company’s electrification segment. The company incurred additional costs in the wind segment due to tariffs. GE Vernova also announced planned restructuring costs of ~$250 million to $275 million over the next 12 months.
GE Vernova Inc. (NYSE:GEV) is an energy company that provides various products and services that generate, transfer, orchestrate, convert, and store electricity in the US, Europe, Asia, the Americas, the Middle East, and Africa.
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