11 Best Stocks to Buy for the Next 10 Years

Published on December 10, 2023 at 5:10 pm by Ramish Cheema in Hedge Funds, News

In this piece, we will take a look at the 11 best stocks to buy for the next ten years. If you want to skip our take on what’s happening in the stock market right now and some future predictions, then you can take a look at the 5 Best Stocks to Buy for the Next 10 Years.

As 2023 comes to an end, the stock market of today is vastly different from what investors were used to just a couple of years back. Just like the reverberations from the 2008 Great Recessions were felt for years, right now, the market is reflective of the after effects of the coronavirus pandemic. The pandemic, which led to global lock downs, carried the risk of shuttering down economies. To combat this, central banks drastically reduced interest rates and governments provided generous stimulus checks. Combined with the higher demand for tech products, this was a boon for the stock market as major indexes reversed their post coronavirus losses within months.

However, the biggest side effect of this fiscal largess came in the form of high inflation that was compounded by the Russian invasion of Ukraine. To combat this and ensure that inflation does not become a permanent feature of the economy, central banks responded by rapidly jacking up interest rates. This had broad implications for the stock market, as stocks fell due to the tighter credit conditions that higher rates place on businesses as well as due to the leveraged nature of the hedge fund industry.

The latter bit is why today’s stock market isn’t what it was in 2019. If the costs of raising capital for leveraged investments grows, then naturally hedge funds become more selective about their investments. At the same time, corporate valuations are also affected since they now reflect the higher opportunity costs of investing in a company, than say Treasury securities or bank accounts. This also leads to fewer IPOs as boards are unwilling to go public at a time when their valuations might be lower than what they would have been in a low rate environment.

All these shifts lead to investors watching the Federal Reserve with eagle eyes as they try to guess when the current status quo gives way to the golden era of the past. Watching the Fed means watching the data that the central bank uses for its interest rate decisions. On this front, November was a pivotal month as slowing inflation fed into investor optimism of quicker interest rate cuts. Indexes such as the S&P 500 and the NASDAQ Composite posted gains for consecutive days, and for a brief moment, it appeared that the rate clouds were finally dissipating.

However, the start of December shows that perhaps rapid interest rate cut expectations might be a bit too optimistic. As an example, consider the Institute of Supply Management’s (ISM) non-manufacturing Purchasing Managers Index (PMI). This PMI stood at 52.7 in November 2023, with a reading above 50 indicating growth. Growth means inflation and more leeway for the Fed to further raise rates, and the data saw major currencies pare back some of their November gains against the dollar. For the bulls, though, the data also shows that services inflation marginally slowed down in November, in a silver lining that might cull the worrying services inflation that has been a crucial factor in the Fed’s monetary policy decisions.

Another central component of the Fed’s playbook is the Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) data report which measures the state of the labor market. The latest data, which was for October, showed that job openings in America fell to more than a two year low as higher interest rates and inflation take their bite. The implications of a cooling labor market are two fold. At one end, it shows investors that since the market is cooling, inflation is also likely to drop and therefore reduce the incentive that the central bank has to further increase rates. At the other though, a sharp contraction can signal weaker economic growth in the future, which is something that never bodes well for the stock market as capital flows into safe haven assets such as the U.S. dollar.

Finally, the last piece in the December data dump is the non-farm payrolls report that will provide investors a deeper dive into the U.S. labor market to help them decide whether the much hyped ‘soft landing’ for the economy really can materialize or if we’re in the midst of heading into a full blown recession.

With investors looking at 2024 as the year when rate cuts begin, we decided to see which stocks are suitable to buy for the next ten years. Some notable picks are Exicure, Inc. (NASDAQ:XCUR), Imperial Petroleum Inc. (NASDAQ:IMPP), and Netcapital Inc. (NASDAQ:NCPL).

A close-up of a computer monitor displaying real-time financial data on the stock market.

Our Methodology

To make our list of the best stocks for the next 10 years, we made a list of firms with at least 20% average annualized revenue growth for five years. Then, they were ranked by their trailing price to earnings ratio and the best stocks for the next decade are as follows.

Best Stocks to Buy for the Next 10 Years

11. FinVolution Group (NYSE:FINV)

Trailing P/E Ratio: 3.77

FinVolution Group (NYSE:FINV) is a Chinese financial technology company whose platform allows consumers to secure loans. It marks a strong start to our list of the best stocks for the next ten years as the shares are rated Strong Buy on average and analysts have set an average share price target of $6.51.

By the end of this year’s third quarter, nine out of the 910 hedge funds part of Insider Monkey’s database had held a stake in FinVolution Group (NYSE:FINV). Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital was the firm’s largest shareholder as it owned 2.5 million shares that are worth $12.7 million.

Just like Imperial Petroleum Inc. (NASDAQ:IMPP), Exicure, Inc. (NASDAQ:XCUR), and Netcapital Inc. (NASDAQ:NCPL), FinVolution Group (NYSE:FINV) is a top stock based on revenue growth and valuation.

10. JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Trailing P/E Ratio: 3.23

JinkoSolar Holding Co., Ltd. (NYSE:JKS) is a Chinese solar power company that sells products used to generate electricity. Despite a slow Chinese economy, the firm has beaten analyst EPS estimates in three out of its four latest quarters and the shares are rated Buy on average.

After digging through 910 hedge funds for their shareholdings during 2023’s September quarter, Insider Monkey found that 12 had invested in the firm. JinkoSolar Holding Co., Ltd. (NYSE:JKS)’s biggest hedge fund investor is Paul Marshall and Ian Wace’s Marshall Wace LLP as it owns $22.1 million worth of shares.

9. AGM Group Holdings Inc. (NASDAQ:AGMH)

Trailing P/E Ratio: 3.22

AGM Group Holdings Inc. (NASDAQ:AGMH) is a Hong Kong based technology company that develops chips used in blockchain technologies. 2022 was a good year for the firm on the financial front as it managed to grow its earnings per share by a strong 186%. The firm’s annualized average revenue growth rate for the past five years is 80.82% according to data from Morningstar Financial.

8. KLX Energy Services Holdings, Inc. (NASDAQ:KLXE)

Trailing P/E Ratio: 3.20

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) is an American backend oil exploration firm that provides drilling equipment and associated products and services to oil exploration firms. The firm’s third quarter financial results saw it report $221 million in revenue and $8 million in profit.

Insider Monkey’s third quarter of 2023 survey covering 910 hedge funds revealed that 12 had bought and owned KLX Energy Services Holdings, Inc. (NASDAQ:KLXE)’s shares. Jeffrey Gendell’s Tontine Asset Management was the largest shareholder among these due to its $17.8 million stake.

7. Teekay Tankers Ltd. (NYSE:TNK)

Trailing P/E Ratio: 3.12

Teekay Tankers Ltd. (NYSE:TNK) is an ocean based oil and gas transportation company headquartered in Hamilton, Bermuda. Its average revenue growth rate is a strong 33.04% according to Morningstar Financial, the shares are rated Strong Buy on average, and analysts have set an average share price target of $63.83.

For their September quarter of 2023 investments, 20 out of the 910 hedge funds profiled by Insider Monkey had held a stake in the company. Israel Englander’s Millennium Management owned 640,821 shares that were worth $26.6 million, making it Teekay Tankers Ltd. (NYSE:TNK)’s biggest investor in our database.

6. Callon Petroleum Company (NYSE:CPE)

Trailing P/E Ratio: 3.03

Callon Petroleum Company (NYSE:CPE) is an American oil and gas exploration and production company headquartered in Houston, Texas. 2023 has been a rather slow year for the firm, as after buying and exiting multiple properties in May, the firm has made no major moves.

30 out of the 910 hedge funds part of Insider Monkey’s Q3 2023 database had invested in Callon Petroleum Company (NYSE:CPE). Ryan Schedler And Bradley Shisler’s Condire Investors was the firm’s largest shareholder due to its $62 million stake.

Exicure, Inc. (NASDAQ:XCUR), Callon Petroleum Company (NYSE:CPE), Imperial Petroleum Inc. (NASDAQ:IMPP), and Netcapital Inc. (NASDAQ:NCPL) are some top stocks for the next ten years.

Click here to continue reading and check out 5 Best Stocks to Buy for the Next 10 Years.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Published on May 1, 2024 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 75%.

For a ridiculously low price of just $24, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

The Name of the Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.
Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
Lifetime Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund ANYTIME, no questions asked.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

Head over to our website and subscribe to our Premium Readership Newsletter for just $24.
Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.
Sit back, relax, and know that you’re backed by our ironclad lifetime money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

A New Dawn is Coming to U.S. Stocks

Published on May 2, 2024 at by Insider Monkey Staff

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up