12 Most Active Stocks to Buy Now

Published November 16, 2022 at 1:57 pm EST Updated August 31, 2026 at 11:57 am EDT

In this article, we discuss the 12 most active stocks to buy now.

The Gross Domestic Product (GDP) of the United States registered modest growth during the third quarter of 2022, per latest figures by the US government, even as consumer spending slowed due to soaring inflation. The latest numbers add to fears of a looming recession but are also encouraging with regards to claims by top economic experts that the US economy might avoid a full-blown crisis despite rising rates and slowed growth. The Fed has indicated it will continue to hike rates till inflation is brought under control.

These uncertain conditions have made the stock market more volatile, with even established names like Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT), and Meta Platforms, Inc. (NASDAQ:FB) featuring among the most active stocks as investors dump growth for value. Michael Gapen, the chief US economist for Bank of America, recently told The New York Times that growth rates were slowing and “it wouldn’t take much further slowing from here to tip the economy into a recession”.

Photo by Chris Liverani on Unsplash

Our Methodology

The companies that have high volumes were selected for the list. The analyst ratings of these firms and the latest updates related to them are also discussed to provide some additional context. Data from around 900 elite hedge funds tracked by Insider Monkey in the second quarter of 2022 was used to identify the number of hedge funds that hold stakes in each firm.

Most Active Stocks to Buy Now

12. SoFi Technologies, Inc. (NASDAQ:SOFI)

Number of Hedge Fund Holders: 22

Volume as of November 14: 46.25 million

SoFi Technologies, Inc. (NASDAQ:SOFI) provides digital financial services. It is one of the most active stocks to buy now. On November 1, The company posted earnings for the third quarter of 2022, reporting losses per share of $1.05, beating market estimates by $0.01. The revenue over the period was $424 million, up 55.9% compared to the revenue over the same period last year and beating market estimates by $32.22 million.

On September 14, BofA analyst Mihir Bhatia upgraded SoFi Technologies stock to Buy from Neutral with a price target of $9, up from $8, noting that the company has a potential growth path over the next few quarters through high profile national football league marketing.

At the end of the second quarter of 2022, 22 hedge funds in the database of Insider Monkey held stakes worth $337.6 million in SoFi Technologies, Inc., compared to 22 in the preceding quarter worth $475 million.

Just like Amazon.com, Inc., Microsoft Corporation, and Meta Platforms, Inc., SoFi Technologies, Inc. is one of the most active stocks to invest in.

In its Q4 2021 investor letter, Altron Capital Management, an asset management firm, highlighted a few stocks and SoFi Technologies, Inc. was one of them. Here is what the fund said:

“We have been building our position in SoFi over the last two quarters but have not yet written about our thesis until now. SoFi Technologies, Inc. is an online financial technology company that started off refinancing student loans. This segment remains a big part of the company’s business, but they have more recently expanded their products to offer an entire suite of financial services including personal banking, investing, and credit. While their collection of products is still evolving and not yet complete, we believe the company is in the early stages of its inflexion. The company nearly doubled its member count over the past year and is growing 50%+ despite its loan refinancing business taking a hit due to the COVID-related loan moratorium. Furthermore, the company is close to obtaining a bank charter through its acquisition of Golden Pacific Bancorp, a community bank based in Sacramento. A bank charter would allow SoFi to take in its customer deposits, lowering its cost of capital and expanding the company’s breadth of financial offerings.

While SoFi is not the only online banking platform out there, we believe it could take a decent share of the financial services market. Banking is a notoriously sticky business, as the inconvenience and hassle of switching banks prevent consumers from jumping to competitors regardless of cost. This is one of the reasons that traditional banks are one of the few businesses to have truly been disrupted by technology. We think SoFi is well on its way to changing that and creating a new paradigm for the future of consumer banking and financial services (read more)

11. NIO Inc. (NYSE:NIO)

Number of Hedge Fund Holders: 25

Volume as of November 14: 66.94 million

NIO Inc. (NYSE:NIO) designs, develops, manufactures, and sells smart electric vehicles in China. It is one of the most active stocks to buy now. On October 27, Nio strengthened its strategic cooperation with SKF Automotive. SKF will be the preferred supplier of ceramic ball bearings and provide wide-ranging technical expertise to support NIO’s global expansion and product development plans.

On October 28, investment advisory Barclays maintained an Overweight rating on NIO Inc. stock and lowered the price target to $19 from $34. Analyst Jiong Shao issued the ratings update.

At the end of the second quarter of 2022, 25 hedge funds in the database of Insider Monkey held stakes worth $873.9 million in NIO Inc., compared to 26 in the previous quarter worth $716 million.

In its Q1 2022 investor letter, Horos Asset Management, an asset management firm, highlighted a few stocks and NIO Inc. was one of them. Here is what the fund said:

“At the beginning of April, the CSRC (China Securities Regulatory Commission) announced possible changes in its regulation that would allow this inspection by foreign auditors, provided that the companies previously communicate to this body the state secrets that would be exposed, as well as the sensitive information that they might have to hand over, and the subsequent audit is carried out in a framework of collaboration with the CSRC. In short, a move in the direction desired by the SEC, although still far from the optimal result, that is, unrestricted access to information. While these negotiations between the two regulatory bodies are progressing, Chinese companies have to decide how best to preserve their interests. Other entities, such as the electric vehicle manufacturer NIO Inc., have just started trading on this stock market.”

10. Vale S.A. (NYSE:VALE)

Number of Hedge Fund Holders: 27

Volume as of November 14: 51.76 million

Vale S.A. (NYSE:VALE) produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking. It is one of the most active stocks to buy now. On November 1, Vale disclosed that it has signed a memorandum of understanding with Saudi Arabia’s National Development Center to study the development of a 4 million metric tons per year iron ore pellet plant in Ras Al Khair.

On October 5, Deutsche Bank analyst Liam Fitzpatrick maintained a Hold rating on Vale S.A. stock and lowered the price target to $19 from $20, noting that the reduced targets in the prices and earnings estimates of metals and mining reflect weakening demand and macro risks.

At the end of the second quarter of 2022, 27 hedge funds in the database of Insider Monkey held stakes worth $1.8 billion in Vale S.A., compared to 27 in the previous quarter worth $2.4 billion.

9. Snap Inc. (NYSE:SNAP)

Number of Hedge Fund Holders: 44

Volume as of November 14: 58.82 million

Snap Inc. (NYSE:SNAP) operates as a camera company in North America, Europe, and internationally. It is one of the most active stocks to buy now. On October 27, Snapchat said that it is giving users more powerful video tools through a new feature called Director Mode. The mode is available for all iOS users and with limited Android availability. People can use Director Mode to make content to share with friends and post in the spotlight.

On October 21, Canaccord analyst Maria Ripps maintained a Hold rating on Snap Inc. stock and lowered the price target to $12 from $16, noting that the company reported mixed Q3 results.

At the end of the second quarter of 2022, 44 hedge funds in the database of Insider Monkey held stakes worth $834.8 million in Snap Inc., compared to 54 in the previous quarter worth $2.7 billion.

In its Q3 2022 investor letter, RiverPark Funds, an asset management firm, highlighted a few stocks and Snap Inc. was one of them. Here is what the fund said:

“Snap Inc. shares were our top detractor for the quarter on its July decline from weaker revenue growth relative to guidance (which had been reduced in May) and the fact that management did not provide an outlook for 3Q. Shares subsequently rebounded somewhat as the company announced better-than-expected near-term revenue growth while announcing a broad-based cost restructuring.

Although the company continues to face near-term macro headwinds and difficult year-over-year comparisons from COVID-fueled quarters last year, we believe SNAP can reaccelerate its revenue growth to greater than 20% annually over the next several years. With TTM revenue of $4.5 billion (as compared with Meta’s $120 billion), 347 million daily average users (about 1/10 of Meta’s), and $14 TTM ARPU (about 1/3 of Meta’s), we believe SNAP has a long runway for both revenue growth and expanded profitability as it improves its platform functionality, continues to grow its audience (daily active users continue to grow at a double-digit rate), and expands its monetization.”

8. Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders: 46

Volume as of November 14: 66.59 million

Ford Motor Company (NYSE:F) designs, manufactures, markets, and services a range of Ford vehicles. It is one of the most active stocks to buy now. On October 31, Ford disclosed that it has reduced the price of its Mustang Match E models in China by as much as RMB 28,000. On October 31, Ford announced its opening of a new global technology and business center in Mexico’s capital with an investment of $260 million.

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Ford Motor Company with 29 million shares worth more than $323 million.

In its Q1 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Ford Motor Company was one of them. Here is what the fund said:

“Ford is another example of a typical industrial manufacturing business executive mindset. April 18, 2022, Bloomberg Businessweek cover story features Ford CEO Jim Farley behind the wheel of an electrified Ford F-150 Lightning. The article is titled, “Hey Elon, THIS is a truck.” I thought the article was terrific. One idea especially stood out to me. Since the F-150 is such a popular vehicle, it “argued for a gradual approach to electrification. Essentially the company retrofitted an existing F-150 with an electric powertrain rather than develop an entirely new truck.” No all-in financial and operation bet by this company on electrification.”

7. Micron Technology, Inc. (NASDAQ:MU)

Number of Hedge Fund Holders: 69

Volume as of November 14: 19.36 million

Micron Technology, Inc. (NASDAQ:MU) designs, manufactures, and sells memory and storage products worldwide. It is one of the most active stocks to buy now. On September 12, Sanjay Mehrotra, the CEO of the firm, told news agency Reuters that the company was breaking ground on the newly announced $15 billion factory in Idaho and would unveil another US-based plant soon. The executive added that both plants will produce dynamic random access, or DRAM chips, used for data centers, PCs and other electronics.

On September 21, Wells Fargo analyst Aaron Rakers maintained an Overweight rating on Micron Technology, Inc. stock lowered the price target to $75 from $90, noting the setup into the fourth quarter results of the firm was negative.

At the end of the second quarter of 2022, 69 hedge funds in the database of Insider Monkey held stakes worth $2.2 billion in Micron Technology, Inc., compared to 78 in the preceding quarter worth $3.4 billion.

In its Q2 2022 investor letter, Meridian Funds, an asset management firm, highlighted a few stocks and Micron Technology, Inc. was one of them. Here is what the fund said:

“Micron Technology, Inc. is a leader in the production of DRAM and NAND memory. We invested in the stock in the third quarter of 2019 during a cyclical downturn in the memory industry. Our rationale was that, while the memory industry is cyclical, we believed there are strong secular drivers in place that will lead to higher peaks and long-term growth. Our secular thesis is based on our conviction that the quest for ever-increasing compute speeds will increasingly rely on memory to solve bottlenecks and that increased memory content in nearly everything from mobile phones to automobiles will drive demand. Micron’s stock traded lower during the quarter due to macroeconomic concerns that led to lower earnings expectations. We increased our stake in the company, as we believe our secular thesis remains intact. We wanted to take advantage of what we view as temporary cyclical concerns that caused the stock to trade at less than 10x reasonable trough earnings per share (EPS) estimates and less than 7x recent peak EPS.”

6. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 72

Volume as of November 14: 87.11 million

Tesla, Inc. (NASDAQ:TSLA) designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems. On November 1, Tesla revealed that it had planned the mass production of its Cybertruck by the end of 2023. On November 1, Tesla said that it is sending its engineers and production staff from its recently upgraded Shanghai factory to its plant in Fermont, California.

On October 24, Morgan Stanley analyst Adam Jonas maintained an Overweight rating on Tesla, Inc. stock and lowered the price target to $330 from $350, noting that the third quarter earnings of the firm were in line with consensus expectations.

At the end of the second quarter of 2022, 72 hedge funds in the database of Insider Monkey held stakes worth $7.2 billion in Tesla, Inc., compared to 80 in the preceding quarter worth $11.3 billion.

Alongside Amazon.com, Inc., Microsoft Corporation, and Meta Platforms, Inc., Tesla, Inc. is one of the most active stocks to invest in.

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Tesla, Inc. was one of them. Here is what the fund said:

“In 2014, before we began to invest in Tesla, I called Roger to ask whether he thought Elon Musk’s electric car business would succeed. I did not believe that Roger, an owner of dealerships that sell cars powered by internal combustion engines (ICE) would likely have a favorable opinion of Tesla’s prospects. That was principally for two reasons:

First, automobile manufacturing and distribution is unusually complicated, capital intensive, and highly regulated, which makes profitability problematic;

second, cars with ICE motors require extensive annual maintenance, and dealer services revenues, not profits from automobile sales, are the most important contributor to profits of perpetual licensed ICE car dealerships.

Penske Automotive Group is principally an ICE car dealer. Since electric cars are powered by batteries and need little service, franchised dealerships are incented to sell ICE, not EV automobiles. Further, Roger had been a long-term director of General Motors. General Motors’ ICE automobile business would be disrupted if Tesla were successful. (click here to read more…)

5. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Number of Hedge Fund Holders: 87

Volume as of November 14: 92.98 million

Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor company worldwide. It is one of the most active stocks to buy now. On October 20, Advanced Micro Devices revealed it would soon unveil the next generation of AMD Radeon graphics which will deliver new levels of performance, and efficiency to gamers and content creators.

On November 2, Stifel analyst Ruben Roy maintained a Buy rating on Advanced Micro Devices, Inc. stock and lowered the price target to $91 from $100, noting that the overall sales for the firm in Q3 increased 29% year-over-year on strong growth across the Data Center, Gaming and Embedded segments, despite significantly lower client revenue.

At the end of the second quarter of 2022, 87 hedge funds in the database of Insider Monkey held stakes worth $4.8 billion in Advanced Micro Devices, Inc., compared to 83 in the previous quarter worth $6.9 billion.

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Advanced Micro Devices, Inc. was one of them. Here is what the fund said:

“Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global fabless semiconductor company focusing on high-performance computing technology, software, and products. AMD designs leading high-performance central and graphics processing units (known as CPUs and GPUs) and integrates them with hardware and software to build differentiated solutions for customers.

AMD has been gaining meaningful share in personal computing and server end markets over the past several years driven by the performance of its processors and technology and strong execution against its technology roadmap, and we believe share gains will continue over the coming years from a combination of AMD’s continued advancements and Intel’s stumbles in developing its leading-edge technology (…read more)

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 128

Volume as of November 14: 91.40 million

Apple Inc. (NASDAQ:AAPL) designs, manufactures and markets smartphones, personal computers, tablets, wearables, and accessories. It is one of the most active stocks to buy now. On November 2, Apple confirmed the launch of the 5G iOS 16 Beta program in India. Apple Airtel and Jio customers who participate in the iOS 16 Beta software program will be able to try out 5G before it is available publicly.

On October 28, Baird analyst William Power maintained an Outperform rating on Apple Inc. stock and lowered the price target to $170 from $185.

At the end of the second quarter of 2022, 128 hedge funds in the database of Insider Monkey held stakes worth $143 billion in Apple Inc., compared to 131 in the previous quarter worth $182 billion.

In its Q2 2022 investor letter, Alger Capital, an asset management firm, highlighted a few stocks and Apple Inc. was one of them. Here is what the fund said:

“Apple Inc. (NASDAQ:AAPL) is a leading technology provider in telecommunications. computing and services. Apple’s iOS operating system is the company’s unique intellectual property and competitive strength. This software drives extremely tight engagement with consumers and enterprises. The engagement is fostering the growing purchase of high-margin services like music, apps, and apple pay. Apple’s shares detracted from performance as management lowered its guidance for the second quarter due to headwinds from the war in Ukraine, adverse foreign currency shifts, and dampened consumer demand associated with the coronavirus in China. Additionally, many investors were concerned that lockdowns implemented to curtail the spread of COVID-19 would impact the production of apple products, however, the manufacturing facilities have resumed activity.”

3. Uber Technologies, Inc. (NYSE:UBER)

Number of Hedge Fund Holders: 129

Volume as of November 14: 28.30 million

Uber Technologies, Inc. (NYSE:UBER) develops and operates proprietary technology applications worldwide. It is one of the most active stocks to buy now. On November 1, Uber revealed $8.3 billion in revenue for the three months ending in September, which is a 72 percent increase from the prior year because of the strong demand for rides and meal deliveries amidst inflation and recession.

On October 24, Cowen analyst John Blackledge maintained an Outperform rating on Uber Technologies, Inc. stock and lowered the price target to $70 from $76, noting that the company’s third quarter gross bookings were driven by the ongoing recovery in Mobility and expansion of core EBITDA margins.

At the end of the second quarter of 2022, 129 hedge funds in the database of Insider Monkey held stakes worth $5.3 billion in Uber Technologies, Inc., compared to 144 in the preceding quarter worth $8.5 billion.

In its Q2 2022 investor letter, RiverPark Funds, an asset management firm, highlighted a few stocks and Uber Technologies, Inc. was one of them. Here is what the fund said:

“Uber Technologies, Inc. is a global technology platform that enables the transportation of people and products across cities and countries. The company’s three main business lines are 1) Mobility where the company is the number one or two player in the app-based personal transportation market in 10,000+ cities globally, 2) Delivery- (Uber Eats in the US) home delivery of prepared meals, grocery, liquor, and increasingly general retail products in seven of the top ten GDP markets globally, and 3) Freight- the largest global marketplace for end-to-end freight solutions including one million digitally connected truck drivers. In the company’s most recent quarter, it grew gross bookings by 35% year over year, consummated transactions with 115 million unique customers, completed 1.7 billion trips a month, and all three divisions were adjusted EBITDA positive (…read more)

2. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 184

Volume as of November 14: 59.83 million

Meta Platforms Inc. (NASDAQ:META) develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It is one of the most active stocks to buy now. On November 2, the CEO of Instagram, a subsidiary of Meta Platforms, made it clear that the iPad app is not a big priority for the company. On October 31, Instagram disclosed that it has fixed the bug which caused thousands of users to sign out from the app.

On October 27, MKM Partners analyst Rohit Kulkarni maintained a Buy rating on Meta Platforms, Inc. stock and lowered the price target to $140 from $195, noting that the company reported a surprising upside in Q3 revenue, with healthy growth in engagement and active users.

At the end of the second quarter of 2022, 184 hedge funds in the database of Insider Monkey held stakes worth $18.2 billion in Meta Platforms, Inc., compared to 200 in the preceding quarter worth $19.3 billion.

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Meta Platforms, Inc. was one of them. Here is what the fund said:

“Shares of Meta Platforms, Inc., the owner of Facebook, the world’s largest social network, fell 28.4% during the second quarter due to quarterly results that missed consensus estimates, driven by the impact of Apple’s new privacy changes in its iOS operating system. These changes have made it harder for Facebook to measure the effectiveness of its advertising across its mobile apps.

In the longer term, we expect Facebook to continue utilizing its leadership in mobile to provide global advertisers targeted marketing capabilities at scale, with substantial monetization optionality ahead in newer areas such as Reels (Meta’s competing solution to TikTok) and e-commerce.”

1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 252

Volume as of November 14: 85.20 million

Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions in North America and internationally. It is one of the most active stocks to buy now. On November 1, Amazon stated that it is putting breaks on its Treasure Truck deal of the day program. On November 1, QuEra, a Quantum computing startup, revealed that its computer is now accessible to the public through Amazon.com’s cloud quantum computer service Bracket.

On October 28, Morgan Stanley analyst Brian Nowak maintained an Overweight rating on Amazon.com, Inc. (AMZN) stock and lowered the price target to $140 from $175, noting that the company’s retail and AWS businesses were slowing faster than expected, which leads to a slower realization of volume-based efficiencies and EBIT growth

At the end of the second quarter of 2022, 252 hedge funds in the database of Insider Monkey held stakes worth $30 billion in Amazon.com, Inc., compared to 271 in the preceding quarter worth $48 billion.

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Amazon.com, Inc. was one of them. Here is what the fund said:

“Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest retailer and cloud services, provider. Shares of Amazon declined 35% in the quarter due to weaker-than-expected profits resulting from the overcapacity of resources coming out of COVID. We expect Amazon to grow its retail capacity in the quarters to come, which would enable it to improve profitability accordingly. Amazon remains one of our largest holdings due to its durable competitive advantages with a leading position in multiple trillion-dollar markets with a long runway for growth (…read more)

You can also take a peek at 12 Best Blue Chip Stocks To Buy Today and 10 Best Auto Stocks To Buy Now.

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