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12 Best Summer Stocks To Buy Now

In this article, we discuss 12 best summer stocks to buy. If you want to skip our detailed discussion about the seasonal impact on the stock market, head directly to 5 Best Summer Stocks To Buy Now.

While the temperature rises and students get geared up for their much awaited summer break, investors get to work. One of the best performing seasonal sectors in 2023 is hospitality and tourism. Mastercard Economics Institute reported that global leisure and business travel experienced a year-over-year growth rate of 42% between 2022 and 2023. For the first three months of 2023, in the UAE alone, leisure activities have increased by roughly 50%, as compared to the same period in 2022. In addition to this, the travel and entertainment spending by small businesses has increased by 49% in the MENA region as well. As per the 2023 Economic Impact Research by The World Travel & Tourism Council, the global tourism industry is expected to reach $9.5 trillion. This industry had seen a sharp decline during the pandemic. While things have been improving ever since, the tourism sector is set to skyrocket. The World Travel & Tourism Council expects that approximately 50% of all countries will have achieved complete economic recovery to pre-pandemic levels or will be very close, with a 95% recovery rate, by the conclusion of 2023.

Don’t Miss: 12 Cheap Travel Stocks to Buy Now

As summer break kicks in and families/students look to travel and unwind, online booking portals, major airline carriers, and the hotel industry are expected to see an increase in sales and revenue. Companies such as Booking.com and Airbnb.com have seen unprecedented levels of online booking reservations. As per Ernst & Young, consumer surveys indicate that a majority of people plan to take leisure trips in the next six months despite rising inflation, indicating strong demand for travel. Group business travel is also expected to have a robust year, with an increase in convention center bookings. Corporate travel budgets are likely to recover to roughly pre-pandemic levels, with many companies adopting hybrid remote/office approaches. China, which was the largest outbound travel market before the pandemic, is expected to resume travel in 2023. Additionally, the passing of the Infrastructure Investment and Jobs Act in the US is forecasted to result in increased spending on hotels. As a result of these trends, digital nomads may become more mobile, choosing to work from places they wish to travel to.

Also Read: Top 15 Luxury Travel Agencies in the World

The industry for leisure and recreation is on the rise as well. ResearchAndMarkets.com reported that in 2022, the worldwide leisure travel market was valued at $804.4 billion. The market is projected to reach $1,330.5 billion by 2028, demonstrating a compound annual growth rate (CAGR) of 8.75% during the period from 2022 to 2028. According to The Business Research Company’s findings, the global amusement parks market expanded from $67.16 billion in 2022 to $106.57 billion in 2023, indicating a whopping compound annual growth rate (CAGR) of 58.7%. Looking ahead, the market is projected to further grow to $122.5 billion by 2027, with an expected CAGR of 3.5%.

Investors seeking to diversify their portfolios and benefit from the growth opportunity that lies in the seasonal impact of summer can check out stocks like Hilton Worldwide Holdings Inc. (NYSE:HLT), Booking Holdings Inc. (NASDAQ:BKNG), and the Walt Disney Company (NYSE:DIS).

Our Methodology 

For this list, we have taken the following sectors into consideration – travel and tourism, hospitality, solar, consumer foods, and entertainment. This is because these sectors are highly prone to seasonal market impact. We selected the following summer stocks based on hedge fund sentiment toward each stock. We have assessed the hedge fund sentiment from Insider Monkey’s database of 943 elite hedge funds tracked as of the end of the first quarter of 2023. The list is arranged in ascending order of the number of hedge fund investors in each firm. 

Best Summer Stocks To Buy Now

12. Topgolf Callaway Brands Corp. (NYSE:MODG)

Number of Hedge Fund Holders: 32

Topgolf Callaway Brands Corp. (NYSE:MODG) is a global leader in the golfing industry. The company designs and manufactures golf equipment, apparel, and other related accessories. Topgolf Callaway Brands Corp. (NYSE:MODG) has a strong international presence with operations in the United States, Europe, and Asia. The company has three major segments – Topgolf, Golf Equipment, and Active Lifestyle. On May 9, Topgolf Callaway Brands Corp. (NYSE:MODG) announced a Q1 non-GAAP EPS of $0.17 and a revenue of $1.17 billion, outperforming Wall Street estimates by $0.02 and $30 million, respectively. With the summer season, recreational activities tend to rise and Topgolf venues are likely to see an increase in demand.

According to Insider Monkey’s first quarter database, a total of 32 hedge funds were bullish on Topgolf Callaway Brands Corp. (NYSE:MODG), as opposed to 37 in the previous quarter. James Parsons’ Junto Capital Management held the largest stake in the company, with 1.6 million shares worth $34.7 million. 

In addition to Topgolf Callaway Brands Corp. (NYSE:MODG), Hilton Worldwide Holdings Inc. (NYSE:HLT), Booking Holdings Inc. (NASDAQ:BKNG), and the Walt Disney Company (NYSE:DIS) are some of the best summer stocks to buy now.

Bernzott Capital Advisors said this about Topgolf Callaway Brands Corp. (NYSE:MODG) in its second quarter 2023 investor letter:

“Consumer Discretionary hurts relative results modestly. Topgolf Callaway Brands Corp. (NYSE:MODG) fell -8.1% as spending from corporate outings cooled a bit at its venues. The company continues to open new Topgolf locations to capitalize on golf’s popularity.”

11. First Solar, Inc. (NASDAQ:FSLR)

Number of Hedge Fund Holders: 39

First Solar, Inc. (NASDAQ:FSLR) is a global provider for photo-voltaic systems in regions such as Europe, Japan, India, and the United States. Demand for solar stocks rises exponentially in the summer, given the potential for higher units of electricity generation. On July 27, First Solar, Inc. (NASDAQ:FSLR) reported a Q2 GAAP EPS of $1.59 and a revenue of $811 million, outperforming Wall Street estimates by $0.65 and $91.59 million, respectively. 

According to Insider Monkey’s first quarter database, 39 hedge funds were bullish on First Solar, Inc. (NASDAQ:FSLR), compared to 44 hedge funds in the last quarter. Robert Pohly’s Samlyn Capital held a significant position in the company, with 558,868 shares valued at $121.5 million. 

10. General Mills, Inc. (NYSE:GIS

Number of Hedge Fund Holders: 39

General Mills, Inc. (NYSE:GIS) manufactures consumer food products such as breakfast cereals, baking products, frozen pizzas, and snacks. The company also manages the ice cream brand Häagen-Dazs. The demand for ice-cream follows a seasonal trend and General Mills, Inc. (NYSE:GIS) is well positioned to capitalize on this, making it one of the best summer stocks. Häagen-Dazs enjoys a global presence in Europe, Asia, and the Middle East. On June 28, General Mills, Inc. (NYSE:GIS) declared a $0.59 per share quarterly dividend, a 9.3% increase from prior its dividend of $0.54. The dividend was paid to shareholders on August 1.

According to Insider Monkey’s first quarter database, a total of 39 hedge funds were bullish on General Mills, Inc. (NYSE:GIS), in contrast to the previous quarter, when 40 hedge funds held the stock. Ray Dalio’s Bridgewater Associates held the largest position in the company, with 1.2 million shares worth $102 million. 

This is what Chartwell Investment Partners commented on General Mills, Inc. (NYSE:GIS) in its Q2 2022 investor letter:

“In the Dividend Equity accounts, the three best performers in Q2 include General Mills (NYSE:GIS, 3.2%), up 12.2%. General Mills benefitted from the combination of being in a very defensive industry as well as demonstrating solid business momentum; margins have been particularly impressive, following price increases.”

9. Pool Corporation (NASDAQ:POOL)

Number of Hedge Fund Holders: 41

Pool Corporation (NASDAQ:POOL) is a global provider of pool systems, related equipment, and accessories. The company also undertakes projects for the construction and renovation for pools, both indoor and outdoor. Swimming activities rapidly increase during the summer season and this results in an increase in demand for related products and solutions. On July 26, Pool Corporation (NASDAQ:POOL) declared a $1.10 per share quarterly dividend, in line with previous. The dividend is payable on August 24, to shareholders of record as of August 10.

According to Insider Monkey’s first quarter database, 41 hedge funds were bullish on Pool Corporation (NASDAQ:POOL). This number increased from the last quarter where 37 hedge funds were invested in Pool Corporation (NASDAQ:POOL).

TimesSquare U.S. Mid Cap Growth Strategy stated this about Pool Corporation (NASDAQ:POOL) in its Q4 2022 investor letter:

“Turning to detractors, Pool Corporation (NASDAQ:POOL) is a wholesale distributor of swimming pool supplies, equipment, and related leisure products. For the third quarter, Pool experienced steady growth in maintenance, repair, and renovation. That offset weaker new pool construction. Nevertheless, Pool’s shares dipped by -5% on this report given market concerns on housing and any housing-adjacent companies as interest rates rose.”

8. Six Flags Entertainment Corporation (NYSE:SIX

Number of Hedge Fund Holders: 44

Six Flags Entertainment Corporation (NYSE:SIX) operates recreation parks in Canada, Mexico, and the United States. Be it rides, themed activities, or restaurants, the company offers the perfect family getaway. During the summer season, theme parks are a key attraction for families. This makes Six Flags Entertainment Corporation (NYSE:SIX) one of the best summer stocks to invest in. On May 8, Six Flags Entertainment Corporation (NYSE:SIX) reported a Q1 GAAP EPS of -$0.84 and a revenue of $142 million, outperforming Wall Street estimates by $0.01 and $8.51 million, respectively. 

According to Insider Monkey’s first quarter database, 44 hedge funds held a bullish position in Six Flags Entertainment Corporation (NYSE:SIX). In contrast, 40 hedge funds were bullish on the stock during the previous quarter. Rehan Jaffer’s H Partners Management held the largest position in the company, with 11.4 million shares worth $304.5 million. 

ClearBridge Investments Mid Cap Strategy had the following to say about Six Flags Entertainment Corporation (NYSE:SIX) in its Q3 2022 investor letter:

“We exited our position in theme park operator Six Flags Entertainment (NYSE:SIX) during the quarter. While we continue to believe that Six Flags’ new CEO is on the right path in directing assets and efforts towards greater premiumization of the parks, the lingering legacy of COVID-19 and a highly inflationary environment present formidable headwinds to these efforts.”

7. MGM Resorts International (NYSE:MGM)

Number of Hedge Fund Holders: 54

MGM Resorts International (NYSE:MGM) owns a number of recreation venues such as resorts, casinos, and hotels in the United States and Macau. The company has three segments – Las Vegas Strip Resorts, Regional Operations, and MGM China. On August 2, MGM Resorts International (NYSE:MGM) reported a Q2 non-GAAP EPS of $0.59 and a revenue of $3.94 billion, outperforming Wall Street estimates by $0.07 and $140 million, respectively. MGM Resorts International (NYSE:MGM) is one of the best summer stocks to buy. 

According to Insider Monkey’s first quarter database, 54 hedge funds were bullish on MGM Resorts International (NYSE:MGM), compared to 48 funds in the previous quarter. Keith Meister’s Corvex Capital held the biggest position in MGM Resorts International (NYSE:MGM), with over 6.6 million shares worth $296.4 million. 

Cove Street Capital had this to say about MGM Resorts International (NYSE:MGM) in its second quarter 2023 investor letter:

“As CEO Joey Levin pointed out in his Q1 quarterly letter, IAC traded at an enterprise value below its 18% stake in MGM Resorts International (NYSE:MGM) and 85% position in Angi (Ticker; ANGI)…meaning you effectively “get” 31% of Turo, the equity of publishing giant DotDash Meredith, Care.com, Vivian Health, and other IAC companies for “free”. MGM is seeing continued strength at its Vegas properties and now has the tailwind of China’s domestic re-opening for its Macau properties. This is one of our largest positions, and we remain confident in this portfolio of businesses and IAC’s ability to allocate capital.”

6. Delta Air Lines, Inc. (NYSE:DAL)

Number of Hedge Fund Holders: 56

Delta Air Lines, Inc. (NYSE:DAL) offers commercial and cargo air travel. The company’s operations are divided under two segments – Airline and Refinery. The summer season sees an increase in travel and tourism, and Delta Air Lines, Inc. (NYSE:DAL) is a household name in the American airline industry. On July 19, the company reported a Q2 EPS of $5.03 and a revenue of $14.18 billion, outperforming Wall Street estimates by $0.97 and $251.59 million, respectively. 

According to Insider Monkey’s first quarter database, a total of 56 hedge funds were bullish on Delta Air Lines, Inc. (NYSE:DAL), as opposed to 51 funds in the previous quarter. Thomas E. Claugus’ GMT Capital held the largest position in the company, with over 6.2 million shares worth $217 million. 

Like Hilton Worldwide Holdings Inc. (NYSE:HLT), Booking Holdings Inc. (NASDAQ:BKNG), and the Walt Disney Company (NYSE:DIS), Delta Air Lines, Inc. (NYSE:DAL) is one of the best summer stocks to invest in.

Miller Value Partners specifically said this about Delta Air Lines, Inc. (NYSE:DAL) in its Q3 2022 investor letter:

“Delta Air Lines, Inc. (NYSE:DAL) ($29.42) is a high-quality airline (yes, there really is such a thing!).  It didn’t issue any equity in the pandemic. It focuses on delivering a superb customer experience and has brand loyalty (including a stable revenue stream from partner American Express, growing at 20%/ year). Maybe the best evidence: it’s managed to outperform the S&P 500 over the past decade despite a horrible pandemic ending point (+13.2% vs. 11.7%1 ). It trades for 4x 2024 earnings! If it eventually trades at Southwest’s historical valuation, it implies this stock should double as well.”

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Disclosure: None. 12 Best Summer Stocks To Buy Now 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!

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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.

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