In this article, we will look at the 10 Most Profitable NYSE Stocks to Buy Now.
On August 5, Ryan Detrick, Carson Group chief market strategist, appeared on CNBC’s ‘Closing Bell: Overtime’ to talk about the bull rally and why he expects weakness in August.
Detrick considers this a volatile time for the market with weak labor data, but simultaneously does not consider it a reason to sell. He stated that the market saw a 28% summer rally, but spoke against blindly investing in seasonals.
August has historically been one of the weakest months, especially in a post-election year and with a second-term president, which is why, according to him, it is wise to prepare for some bumps.
Detrick’s take on the sector positioning is industrials, techs, and financials, while being overweight to large caps.
READ ALSO: 10 Oversold NYSE Stocks to Buy Now and 10 NYSE Stocks with the Highest Upside Potential.
He added that one of his near-term worries is that the number of stocks above their 20-day moving average has been trending a little lower in the past few days while the S&P has been moving higher, which may suggest that it is time to take a break.
The reality, however, according to Detrick, is that we are still in a global bull market, led by strong earnings and profit margins.
The strategist stated that amid these circumstances where we have been “spoiled”, it is prudent to be cautious and expect some turbulence over the next several weeks.
With these trends in view, let’s look at the most profitable NYSE stocks to buy now.
A close-up view of a stock market floor, traders bustling around the trading board.
Our Methodology
We used stock screeners to make a list of profitable NYSE stocks (with a TTM net income over $500 million) and selected the top 10 with the highest number of hedge fund holders as of Q1 2025. We sourced the hedge fund sentiment data from Insider Monkey’s database. The list is sorted in ascending order of hedge fund holders.
Note: All data was sourced on August 6.
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 NYSE Stocks to Buy Now
10. Oracle Corporation (NYSE:ORCL)
TTM Net Income: $12.44 billion
Number of Hedge Fund Holders: 97
Oracle Corporation (NYSE:ORCL) is one of the top most profitable NYSE stocks to buy now. On August 6, TD Cowen raised the firm’s price target on Oracle Corporation (NYSE:ORCL) to $325 from $275, keeping a Buy rating on the shares.
The firm told investors that it updated its model after a July 22 OpenAI blog that reflected the advancement of Stargate with an expanded 4.5GW DC partnership with Oracle.
This raises the probability of blue sky scenarios that the firm discussed previously, supporting the optimistic rating for Oracle Corporation (NYSE:ORCL).
Oracle Corporation (NYSE:ORCL) provides products and services addressing aspects of corporate IT environments, including applications and infrastructure technologies. The company’s operations are divided into the following business segments: Cloud and License, Hardware, and Services.
9. Bank of America Corporation (NYSE:BAC)
TTM Net Income: $26.59 billion
Number of Hedge Fund Holders: 117
Bank of America Corporation (NYSE:BAC) is one of the top most profitable NYSE stocks to buy now. In a report released on August 1, Vivek Juneja from J.P. Morgan maintained a Buy rating on Bank of America Corporation (NYSE:BAC), setting a price target of $51.00.
In other news, Bank of America Corporation (NYSE:BAC) announced on July 23 that its Board of Directors declared a regular quarterly cash dividend on common stock of $0.28 per share, up $0.02 from the previous quarter. The dividend is payable on September 26 to shareholders of record as of September 5.
Bank of America Corporation (NYSE:BAC) also reported that its Board authorized a new $40 billion common stock repurchase program, effective August 1. The new program would replace the company’s current program expiring on that date.
Bank of America Corporation (NYSE:BAC) is a bank and financial holding company that operates in the Consumer Banking, Global Wealth and Investment Management (GWIM), Global Banking, and Global Markets segments.
8. Eli Lilly and Company (NYSE:LLY)
TTM Net Income: $11.11 billion
Number of Hedge Fund Holders: 119
Eli Lilly and Company (NYSE:LLY) is one of the top most profitable NYSE stocks to buy now. On August 7, Leerink downgraded Eli Lilly and Company (NYSE:LLY) to Market Perform from Outperform with a $715 price target.
The rating update came after Eli Lilly and Company (NYSE:LLY) posted its fiscal Q2 2025 earnings the same day, with revenue growing 38% to $15.56 billion, driven primarily by volume growth from Zepbound and Mounjaro.
Eli Lilly and Company (NYSE:LLY) also raised the midpoint of its 2025 full-year revenue guidance by $1.5 billion, taking it to the $60 billion to $62 billion range. It also raised its reported EPS guidance to be in the $20.85 to $22.10 range.
Eli Lilly and Company (NYSE:LLY) develops, manufactures, discovers, and sells pharmaceutical products. These products span oncology, diabetes, immunology, neuroscience, and other therapies.
7. Alibaba Group Holding Limited (NYSE:BABA)
TTM Net Income: $129.47 billion
Number of Hedge Fund Holders: 125
Alibaba Group Holding Limited (NYSE:BABA) is one of the top most profitable NYSE stocks to buy now. Bloomberg reported on August 5 that Alibaba Group Holding Limited (NYSE:BABA) has plans to gradually wind up the last of its Costco-like members-only stores in a highly competitive Chinese retail arena.
Bloomberg reported that according to an individual familiar with the proceedings, the company’s supermarket chain Hema has started to shut down premium “Hema X” outlets. The outlets charge members an annual subscription fee for access.
Talking further about this non-public decision, Bloomberg reported that the individual stated that Alibaba Group Holding Limited (NYSE:BABA) is taking this initiative to support overall profitability.
Alibaba Group Holding Limited (NYSE:BABA) manages and provides technology infrastructure and marketing platforms. It operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others segments.
6. JPMorgan Chase & Co. (NYSE:JPM)
TTM Net Income: $55.15 billion
Number of Hedge Fund Holders: 129
JPMorgan Chase & Co. (NYSE:JPM) is one of the top most profitable NYSE stocks to buy now. On July 29, Reuters reported that JPMorgan Chase & Co. (NYSE:JPM) is in advanced talks to take over Apple’s credit card program from Goldman Sachs, according to a Wall Street Journal report. Goldman Sachs and JP Morgan refused to comment on the Journal’s report.
The report further stated that talks between the tech giant and the largest US bank were initiated last year, with Goldman Sachs looking to “unwind a partnership that had once been a cornerstone of its consumer banking strategy”.
JPMorgan Chase & Co. (NYSE:JPM) is a financial holding company that provides financial and investment banking services. The company focuses on commercial banking, investment banking, financial transaction processing, asset management, and more.
Its operations are divided into the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.
5. UnitedHealth Group Incorporated (NYSE:UNH)
TTM Net Income: $21.3 billion
Number of Hedge Fund Holders: 139
UnitedHealth Group Incorporated (NYSE:UNH) is one of the top most profitable NYSE stocks to buy now. J.P. Morgan analyst Lisa Gill maintained a Buy rating on UnitedHealth Group Incorporated (NYSE:UNH) on August 6, setting a price target of $310.00.
UnitedHealth Group Incorporated (NYSE:UNH) reported in its fiscal Q2 2025 earnings that it is updating its 2025 outlook, expecting revenues in the $445.5 billion to $448.0 billion range and net earnings of at least $14.65 per share.
The revised outlook also includes adjusted earnings of at least $16.00 per share and reflects performance in the first half of the year, along with expectations for the second. Management stated that it also includes higher realized and expected care trends.
UnitedHealth Group Incorporated (NYSE:UNH) expects to return to earnings growth in 2026. The company’s Q2 2025 earnings were $3.74 per share, while adjusted earnings were $4.08 per share.
UnitedHealth Group Incorporated (NYSE:UNH) provides healthcare coverage, data consultancy, and software services. It operates through the OptumRx, OptumInsight, OptumHealth, and UnitedHealthCare segments, which have solid operations.
4. Salesforce, Inc. (NYSE:CRM)
TTM Net Income: $6.21 billion
Number of Hedge Fund Holders: 140
Salesforce, Inc. (NYSE:CRM) is one of the top most profitable NYSE stocks to buy now. On July 31, Genesys announced $1.5 billion in new investment commitments from Salesforce, Inc. (NYSE:CRM) and ServiceNow, Inc. (NYSE:NOW). According to the announcement, both companies agreed to invest an “equal amount.”
Genesys is a global cloud leader in AI-Powered Experience Orchestration, and the milestone supports its position as a strategic customer experience (CX) orchestration platform. It also bolsters the global partnerships between Genesys and Salesforce, Inc. (NYSE:CRM) and ServiceNow, Inc. (NYSE:NOW).
Salesforce, Inc. (NYSE:CRM) designs and develops cloud-based enterprise software for customer relationship management.
Its solutions encompass customer service and support, sales force automation, digital commerce, marketing automation, collaboration, community management, industry-specific solutions, and salesforce platforms. It also offers training, guidance, support, and advisory services.
3. Mastercard Incorporated (NYSE:MA)
TTM Net Income: $13.59 billion
Number of Hedge Fund Holders: 155
Mastercard Incorporated (NYSE:MA) is one of the top most profitable NYSE stocks to buy now. On August 6, Truist raised the firm’s price target on Mastercard Incorporated (NYSE:MA) to $623 from $612 while keeping a Buy rating on the shares.
The firm told investors in a research note that it is optimistic about Mastercard Incorporated’s (NYSE:MA) “strong” fiscal Q2 earnings, adding that it is boosting its estimates across the company’s primary metrics.
The firm is thus raising its FY26 EPS view by 14c to $19.23.
Mastercard Incorporated (NYSE:MA) reported its fiscal Q2 2025 results on July 31, with net revenue for the quarter experiencing a 17% growth (16% on a currency-neutral basis) to $8.1 billion.
Gross dollar volume for fiscal Q2 2025 rose 9% and purchase volume grew 10%, on a local currency basis.
Mastercard Incorporated (NYSE:MA) is a technology company that provides payment solutions for developing and implementing debit, credit, prepaid, commercial, and payment programs via its brands. Its portfolio includes Mastercard, Cirrus, and Maestro. The company also offers intelligence and cyber solutions.
2. Visa Inc. (NYSE:V)
TTM Net Income: $20.06 billion
Number of Hedge Fund Holders: 165
Visa Inc. (NYSE:V) is one of the top most profitable NYSE stocks to buy now. Truist analyst Matthew Coad lowered the firm’s price target on Visa Inc. (NYSE:V) to $392 from $397 on August 4, keeping a Buy rating on the shares.
The rating update came after the company reported its fiscal Q3 results, with net revenue for the quarter reaching $10.2 billion and reflecting a growth of 14% on a nominal and constant-dollar basis.
The analyst told investors in a research note that the firm is slashing its FY26 and FY27 EPS estimates by less than 1% to take into account several factors, including higher personnel costs, increased growth in client incentives, and slower travel-related cross-border volume growth.
Visa Inc. (NYSE:V) provides digital payment services. It offers credit cards, debit cards, prepaid products, global automated teller machines, and commercial payment solutions.
1. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)
TTM Net Income: $44.3 billion
Number of Hedge Fund Holders: 187
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the top most profitable NYSE stocks to buy now. On August 5, Reuters reported that Taiwanese authorities detained three people for the alleged theft of technology trade secrets from Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), according to statements by Taiwanese prosecutors released on Tuesday.
The Taiwan High Prosecutors Office said in a statement that this occurred after Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) reported that an internal investigation caught former and current employees illegally obtaining information from the company. According to the prosecutor office, two other people had been released on bail, while one more had been released.
Earlier on Tuesday, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) announced the launch of legal proceedings and disciplinary action against employees who were potentially involved in the leak of trade secrets after it detected unauthorized activities during routine monitoring.
The company stated that its “comprehensive and robust monitoring mechanisms” allowed it to catch the issue early, resulting in internal investigations and measures against the personnel involved.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the largest contract semiconductor manufacturer in the world. Some of its prominent customers include semiconductor companies that outsource all or part of their chip production, including Advanced Micro Devices, Nvidia, Broadcom, and more.
While we acknowledge the potential of TSM 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 TSM and that has 100x upside potential, check out our report about this cheapest AI stock.
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