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11 Best Upside Stocks To Buy Right Now

In this piece, we will take a look at the 11 best upside stocks to buy right now. If you want to skip our overview of share valuation, then take a look at the 5 Best Upside Stocks To Buy Now.

The art of buying shares on the market has always gone hand in hand with share price analysis. A share price, in its simplest form, is the market’s estimate of the company’s future. This is why media reports often say that major events have been ‘priced in’ the shares, indicating that higher prices reflect positive developments that investors expect to occur in the future and vice versa. Investor expectations about a stock are also based on what the analysts are saying. Analysts are finance professionals who are tasked with digging through a firm’s business statement, its business model, and its market to see whether there will be any catalysts to the stock in the future.

One way in which analysts measure a stock’s worth is by projecting its earnings and cash flows into the future and then discounting it back to a present value. This value is compared to the market price to determine whether a stock is under or over valued. The positive difference between an analyst’s share price target and the market price is called an upside, and naturally, the greater this upside is, the better the chances that the shares will perform well in the future.

This share price upside also increases when the market as a whole is down. This is because broader market movements bring down the share prices of most companies for a drop that might be unrelated to their fundamentals. And these days, a case can be made that stocks are broadly down due to unfavorable economic conditions in America. While the U.S. economy has continued to grow in 2023 despite rapid interest rate hikes by the Federal Reserve, the fact that rates are so high right now has depressed stocks and made money flow out of the stock market into other markets.

November 2023 though has started to mark a shift in these trends. For instance, the S&P 500, the NASDAQ Composite, the NASDAQ 100, and the Dow Jones Industrial Average (DJIA) are up by 19.2%, 37.20%, 47.13%, and 6.8% year to date. However, all these stock indexes bottomed out on October 26th amidst jitters. Within these trends, while the two NASDAQ indexes still managed to hedge their losses amidst the hype surrounding the tech sector due to artificial intelligence (A.I.), the other two haven’t done so well. This is because the S&P 500 tanked to 4,117 points on October 26, which was down significantly from its July peak of 4,588 points. Similarly, the blue chip stock index Dow tanked to 32,417 points on the same day, which made it enter into loss territory compared to its 2023 open of 33,136.

Over the past month though markets have roared back to life. Our four indexes, the S&P, the NASDAQ, the NASDAQ 100, and the DJIA, are up by 8.9%, 11.15%, 11.13%, and 7.13% over the month to near their H1 2023 high levels. This shift in sentiment has come after the data for October 2023 showed that inflation is continuing to drop, and while Fed officials have warned that their fight against inflation might not be over, Mr. Market seems confident that prices will continue to drop and a slow economy might even force the central bank to start cutting rates sooner than expected.

So how does this tie into share upside? Well, if the market continues to recover, then stocks will continue to rise. If they do, then those with the highest upside will see the upside gradually erode over time with those who were prudent enough to buy the shares during the depressed valuation era reaping profits. This makes understanding the relevance of economic data to stock markets ever more important, and if you want to learn how to read them, then here’s what Ken Fisher of Fisher Investments thinks:

For the most part, all of those, like GDP, reported earnings, employment numbers unemployment numbers, or other things like that say nothing about the future. As it relates to markets, what’s good for an investor, and really only relates to importance in how history will be written. But fundamentally you take something like GDP, as it’s reported, it’s telling you about what has happened. Whereas always, always always always always always, markets are pricing the future. As I’ve said many times in many other videos in the past, stocks tend to be pricing in the future sometime between 3 and 30 months into the future. Sometimes a little on the long side, sometimes a little on the short side, usually more commonly in between. But they never pricing the past.

So, what are the best upside stocks to buy? We took a look and the top three picks are Sarepta Therapeutics, Inc. (NASDAQ:SRPT), Alibaba Group Holding Limited (NYSE:BABA), and First Solar, Inc. (NASDAQ:FSLR).

A trader watching stock prices tick up and down on the monitors in a trading room.

Our Methodology

To compile our list of the best upside stocks to buy, we first made a list of the 30 stocks with the highest percentage share price upside and a market value greater than $300 million. Then we chose those with the highest number of hedge fund investors out of the 910 that were part of Insider Monkey’s third quarter of 2023 database.

Best Upside Stocks To Buy Right Now

11. Structure Therapeutics Inc. (NASDAQ:GPCR)

Latest Share Price Upside: 73%

Number of Q3 2023 Hedge Fund Investors: 29

Structure Therapeutics Inc. (NASDAQ:GPCR) is a small biotechnology company headquartered in San Francisco, California. The shares are rated Strong Buy on average and analysts have set an average share price target of $89.17.

By the end of this year’s third quarter, 29 out of the 910 hedge funds profiled by Insider Monkey had held a stake in Structure Therapeutics Inc. (NASDAQ:GPCR). It joins Alibaba Group Holding Limited (NYSE:BABA), Sarepta Therapeutics, Inc. (NASDAQ:SRPT), and First Solar, Inc. (NASDAQ:FSLR) in our list of the best upside stocks to buy right now.

10. Copa Holdings, S.A. (NYSE:CPA)

Latest Share Price Upside: 61%

Number of Q3 2023 Hedge Fund Investors: 31

Copa Holdings, S.A. (NYSE:CPA) is a Panama based airline headquartered in Panama City, Panama. The firm has been capitalizing on the resurgence in global air travel after the pandemic since it has beaten analyst EPS estimates in all four of its latest quarters.

As of September 2023, 31 out of the 910 hedge funds part of Insider Monkey’s research were Copa Holdings, S.A. (NYSE:CPA)’s investors. Ken Griffin’s Citadel Investment Group owned the biggest stake among these which was worth $61.1 million.

9. Axsome Therapeutics, Inc. (NASDAQ:AXSM)

Latest Share Price Upside: 85%

Number of Q3 2023 Hedge Fund Investors: 31

Axsome Therapeutics, Inc. (NASDAQ:AXSM) is a biotechnology firm developing treatments for nervous system diseases and disorders. Like several other stocks on our list, the shares are also rated Strong Buy on average and analysts have set an average share price target of $115.45.

Insider Monkey scoured 910 hedge fund portfolios for this year’s third quarter to find 31 stakeholders in the company. Axsome Therapeutics, Inc. (NASDAQ:AXSM)’s largest hedge fund investor is Mark Lampert’s Biotechnology Value Fund / BVF Inc due to its $148 million investment.

8. Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL)

Latest Share Price Upside: 62%

Number of Q3 2023 Hedge Fund Investors: 35

Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL) is a biotechnology company developing treatments for liver complications resulting from alcohol use. November 2023 saw several management shakeups at the firm since it appointed new chief information and chief commercial officers.

During this year’s September quarter, 35 hedge funds out of the 910 part of Insider Monkey’s database had bought and owned Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL)’s shares.

7. Albemarle Corporation (NYSE:ALB)

Latest Share Price Upside: 57%

Number of Q3 2023 Hedge Fund Investors: 37

Albemarle Corporation (NYSE:ALB) is an American chemicals company that is also one of the biggest lithium companies in the world. November 2023 was a tough month for the stock as the shares dropped in the wake of lower lithium prices.

By the end of 2023’s third quarter, 37 out of the 910 hedge funds profiled by Insider Monkey had invested in Albemarle Corporation (NYSE:ALB). Philippe Laffont’s Coatue Management owned the biggest stake among these since it owned $100 million worth of shares.

6. Moderna, Inc. (NASDAQ:MRNA)

Latest Share Price Upside: 60%

Number of Q3 2023 Hedge Fund Investors: 37

Moderna, Inc. (NASDAQ:MRNA) is a biotechnology company that is developing treatments for cancer and other serious ailments. A star of the stock market due to its coronavirus vaccine, the shares are rated Buy on average and analysts have set an average share price target of $125.82.

During Q3 2023, 37 out of the 910 hedge funds polled by Insider Monkey held the firm’s shares. Moderna, Inc. (NASDAQ:MRNA)’s largest hedge fund investor is Patrick Degorce’s Theleme Partners since it owns 6.8 million shares that are worth $712 million.

Sarepta Therapeutics, Inc. (NASDAQ:SRPT), Moderna, Inc. (NASDAQ:MRNA), Alibaba Group Holding Limited (NYSE:BABA), and First Solar, Inc. (NASDAQ:FSLR) are some top stocks with great upside that hedge funds are buying.

Click here to continue reading and check out 5 Best Upside Stocks To Buy Right Now.

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Disclosure: None. 11 Best Upside Stocks To Buy Right Now is originally published on Insider Monkey.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

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!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

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As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

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Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
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You simply won’t find another AI and energy stock this cheap… with this much upside.

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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.

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A New Dawn is Coming to U.S. Stocks

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…