This article looks at the 13 best big name stocks to buy now.
The S&P index rose 0.80% on Thursday to close just shy of a new record, culminating a remarkable turnaround from the lows set in April, after overcoming a series of challenges, including tariffs, inflation, and wars in South Asia and the Middle East.
The broad market index rallied after the White House spokesperson downplayed the looming July tariff deal deadlines that had been hanging over the markets. Karoline Leavitt hinted that the deadlines could be extended by President Trump.
Strong earnings, a stable labor market, and the revival of AI trade have also contributed to the comeback of American equities. The S&P index is up by over 27% from the intraday low for the year during the height of tariff fears in April, and had gained 4.41% year-to-date, as of the close of business on June 26.
Jamie Cox, managing partner at Harris Financial Group, shared the following remarks on the rally:
“The markets are looking forward, seeing lower interest rates, less regulation in the banking sector, a shift from austerity to stimulus in Europe, and a less biting inflation and tariff environment. This sure isn’t the stagflation story we’ve been told to brace for.”
With that said, let’s now head over to discuss the best big name stocks to buy now.
Methodology
For this article, we identified several leading large-cap companies having a strong presence in their industries and ranked them in ascending order of the number of hedge fund investors having a stake in them, based on Insider Monkey’s database of over 1,000 prominent hedge funds as of Q1 2025.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
13 Best Big Name Stocks to Buy Now:
13. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders: 104
Tesla, Inc. (NASDAQ:TSLA) is among the 13 Best Big Name Stocks to Buy Now. On June 23, analysts at UBS lifted the stock’s price target to $215 from $190 after the company deployed a small group of robotaxis in Austin.
The launch has increased investor focus on the EV maker’s potential to gain from the autonomous ride-hailing market. UBS analysts project Tesla, Inc. (NASDAQ:TSLA) could have a fleet of 2.3 million robotaxis by 2040, generating $200 billion in revenue, if it navigates the regulatory and technological challenges.
However, analysts at UBS remain cautious about Tesla, Inc. (NASDAQ:TSLA)’s overall valuation and reiterated their Sell rating for the stock in the latest update, saying the autonomous ride-hailing opportunity is already priced into the stock.
The robotaxi rollout is the first instance of Tesla, Inc. (NASDAQ:TSLA)’s driverless cars carrying paying riders. Investors see the venture as crucial to the company’s future financial performance.
12. Salesforce, Inc. (NYSE:CRM)
Number of Hedge Fund Holders: 140
Salesforce, Inc. (NYSE:CRM) is among the 13 Best Big Name Stocks to Buy Now. During an interview with Bloomberg this week, CEO Marc Benioff described the rise of artificial intelligence as a ‘digital labor revolution’, and stated that it accounts for between 30% to 50% of the work at Salesforce.
Benioff said that Salesforce, Inc. (NYSE:CRM) was accelerating the use of artificial intelligence and had achieved approximately 93% efficiency with the technology, which could help automate workloads to shift focus to high-value work.
“All of us have to get our head around this idea that AI could do things, that before, we were doing, and we can move on to do higher-value work.”
His statement comes as companies across the technology industry look for ways to reduce costs, enhance efficiencies, and streamline their operations with the use of AI. Salesforce, Inc. (NYSE:CRM) cut around 1,000 jobs in February this year as it restructured around AI.
Salesforce, Inc. (NYSE:CRM) is a cloud-based software company that provides customer relationship management technology to connect customers and companies worldwide.
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