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12 Best Hot Stocks to Buy For March

In this piece, we will take a look at the 12 best hot stocks to buy for March. If you want to skip our overview of the latest stock market news, then you can take a look at the 5 Best Hot Stocks to Buy For March

The stock market of 2024 is dominated by one key theme. If you haven’t been following us regularly, then you’d have missed out on the fact that artificial intelligence, powered by the shares of NVIDIA Corporation (NASDAQ:NVDA) remains the key factor on investors’ minds when they look at major indexes such as the S&P 500 and the tech focused NASDAQ Composite. No one can blame them for this either, as after inflation and interest rates set records, 2024 has also been a record setting year for the stock market.

The artificial intelligence fueled mania, exacerbated by the earnings season in January that confirmed to investors that the demand for AI products was real and not just hype has pushed the S&P 500 index to cross the coveted 5,000 point mark for the first time in history. This comes after the NASDAQ’s record setting spree last year and follows the second half of 2023 that had seen investors wonder whether the soaring S&P 500 in H1 2023 would continue its upward trajectory in the second half.

This surge in the stock market, even as the Federal Reserve remains worried about inflation, has made NVIDIA one of the most valuable companies in the world and made it surpass the market volumes big ticket mega cap names the likes of Amazon.com, Inc. (NASDAQ:AMZN) and Alphabet Inc. (NASDAQ:GOOG). The two are worth $1.8 trillion and $1.7 trillion, respectively, while NVIDIA’s 64% rise year to date fueled by the firm’s latest earnings release means that its latest market capitalization now sits at $1.97 trillion with trailing and forward price to earnings ratios of 66 and 33, respectively.

Yet, even though NVIDIA’s shares take off and have no signs of looking back, the broader macroeconomic trends that shaped the stock market discourse in 2022 and 2023 are nevertheless still in play. Interest rates are still too high to be considered easy for business, and most investors expect that the first cuts will come in June – a percentage that increases for a July cut. The last week of February is also quite important because of the data that will become available. This will come in the form of the Personal Consumption Expenditure (PCE) index reading for January. The PCE is one of the most important data to judge the Fed’s future actions since it is the central bank’s preferred inflation metric. If officials believe that inflation is on a sufficiently downward trend to not raise its head again after an interest rate cut, then rates might start dropping before June. Should investors also read this conclusion, then the stock market should do well after the PCE data for January 2024.

Before we move forward to our latest collection of the best hot stocks to buy though, a recent report from the famed investment bank The Goldman Sachs Group, Inc. (NYSE:GS) merits a mention. Goldman was one of the few voices on Wall Street that bucked the trend in late 2022 and argued that avoiding a recession might be avoidable despite rapid central bank interest rate hikes. Now, the bank shares that during the week that ended on February 2023, hedge funds sold technology stocks at some of the highest rates for the past five years. It believes that software stocks were among the biggest losers, while bullish bets such as call options for NVIDIA’s shares remain in play and suggest a hesitancy to completely go against technology stocks.

So, with Q1 2024 shaping up to be quite interesting, we decided to take a look at some hot stocks to buy. A couple of these are NVIDIA Corporation (NASDAQ:NVDA), Meta Platforms, Inc. (NASDAQ:META), and Uber Technologies, Inc. (NYSE:UBER).

Pixabay/Public Domain

Our Methodology

To make our list of the best hot stocks to buy for March, we ranked the 50 best performing stocks of the S&P 500 over the past 30 days by the number of hedge funds that had bought the shares as of Q4 2023 end. Out of these, the top 12 stocks were chosen.

For these best hot stocks for March, we hedge fund sentiment. Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). That’s why we pay very close attention to this often-ignored indicator.

12 Best Hot Stocks to Buy For March

12. Parker-Hannifin Corporation (NYSE:PH)

Number of Q4 2023 Hedge Fund Shareholders: 63

One Month Share Price Appreciation: 11.40%

Parker-Hannifin Corporation (NYSE:PH) is an American industrial equipment company headquartered in Cleveland, Ohio. It marks a strong start to our list of the best hot stocks as the firm has beaten analyst EPS estimates in all four of its latest quarters.

For their fourth quarter of 2023 shareholdings, 63 out of the 933 hedge funds part of Insider Monkey’s database had held a stake in Parker-Hannifin Corporation (NYSE:PH). Ric Dillon’s Diamond Hill Capital was the firm’s biggest hedge fund investor due to its $450 million investment.

Along with Meta Platforms, Inc. (NASDAQ:META), NVIDIA Corporation (NASDAQ:NVDA), and Uber Technologies, Inc. (NYSE:UBER), Parker-Hannifin Corporation (NYSE:PH) is a hot stock that hedge funds are buying.

11. Eaton Corporation plc (NYSE:ETN)

Number of Q4 2023 Hedge Fund Shareholders: 63

One Month Share Price Appreciation: 14.31%

Eaton Corporation plc (NYSE:ETN) is another industrial products company that sells power management equipment, emergency handling products, and other systems. The shares are rated Buy on average, and the average analyst share price target is $278.

During 2023’s December quarter, 63 out of the 933 hedge funds tracked by Insider Monkey were the firm’s investors. Eaton Corporation plc (NYSE:ETN)’s largest stakeholder among these is Philippe Laffont’s Coatue Management as it owns $960 million worth of shares.

10. American Express Company (NYSE:AXP)

Number of Q4 2023 Hedge Fund Shareholders: 64

One Month Share Price Appreciation: 8.02%

American Express Company (NYSE:AXP) is an iconic American firm known for its credit cards and travel services. The fact that it’s a great hot stock to buy for March is clear from its 12 month performance which has seen the shares rise by 25%.

Insider Monkey dug through 933 hedge fund portfolios for last year’s fourth quarter and found that 64 had bought American Express Company (NYSE:AXP)’s shares. None other than Warren Buffett’s Berkshire Hathaway was the biggest investor as it owned 151 million shares that were worth $28.4 billion.

9. Applied Materials, Inc. (NASDAQ:AMAT)

Number of Q4 2023 Hedge Fund Shareholders: 70

One Month Share Price Appreciation: 20.82%

Applied Materials, Inc. (NASDAQ:AMAT) is a backend semiconductor equipment company whose products enable chip designers and makers to design and test their products. A key stock for the AI era, Applied Materials, Inc. (NASDAQ:AMAT) made a big announcement in February 2024 that saw it share a new portfolio of products designed to help chip makers in making advanced and leading edge semiconductors with feature sizes smaller than 2-nanometer.

As of December 2023 end, 70 out of the 933 hedge funds profiled by Insider Monkey were the firm’s investors. Applied Materials, Inc. (NASDAQ:AMAT)’s largest hedge fund shareholder is David Blood and Al Gore’s Generation Investment Management due to its $1.1 billion stake.

8. The Cigna Group (NYSE:CI)

Number of Q4 2023 Hedge Fund Shareholders: 76

One Month Share Price Appreciation: 14.53%

The Cigna Group (NYSE:CI) is an American healthcare plans and benefits management company headquartered in Bloomfield, Connecticut. Its investors were in for some great news in February 2024 when the firm announced a new $3.2 billion accelerated stock buyback.

During 2023’s fourth quarter, 76 out of the 933 hedge funds covered by Insider Monkey owned The Cigna Group (NYSE:CI)’s shares. Larry Robbins’s Glenview Capital was the biggest investor through its $641 million investment.

7. General Motors Company (NYSE:GM)

Number of Q4 2023 Hedge Fund Shareholders: 83

One Month Share Price Appreciation: 12.43%

General Motors Company (NYSE:GM) is an American car manufacturer that is one of the biggest of its kind in the country. Even though the electric vehicle industry is struggling as of late due to demand slowdown, this hasn’t stopped General Motors Company (NYSE:GM) from expanding its global EV presence as it announced in February 2024 that its Cadillac Lyriq EV will be available in France.

For their December quarter of 2023 investments, 83 out of the 933 hedge funds polled by Insider Monkey had invested in General Motors Company (NYSE:GM).

6. The Walt Disney Company (NYSE:DIS)

Number of Q4 2023 Hedge Fund Shareholders: 89

One Month Share Price Appreciation: 10.45%

The Walt Disney Company (NYSE:DIS) is the globally well known media, hospitality, and entertainment giant. These days, as the stock market continues to soar on the back of AI, the firm is in the crosshairs of activist investor Blackwells Capital who argues that The Walt Disney Company (NYSE:DIS) is not fully leveraging AI in its business.

89 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 database had bought the firm’s shares. The Walt Disney Company (NYSE:DIS)’s largest stakeholder among these was Nelson Peltz’s Trian Partners as it owned $2.9 billion worth of shares.

NVIDIA Corporation (NASDAQ:NVDA), The Walt Disney Company (NYSE:DIS)Meta Platforms, Inc. (NASDAQ:META), and Uber Technologies, Inc. (NYSE:UBER) are some top hedge fund stocks with noticeable share price performance.

Click here to continue reading and check out 5 Best Hot Stocks to Buy For March.

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Disclosure: None. 12 Best Hot Stocks to Buy For March is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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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.

But that’s not all…

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.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

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
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

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

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

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 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

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:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

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


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!