This article looks at the 13 Best Booming Stocks to Buy Now.
A day after posting a new record high, the S&P 500 closed 0.33% lower on Friday due to an escalation in the trade war, with President Trump announcing a 35% tariff on Canada and threatening to impose blanket tariffs of 15% to 20% across the board, which is higher than the current 10% investors had become comfortable with.
The losses pulled major indexes into the red for the week, including the Dow Jones Industrial Average, which declined 1%, and the NASDAQ dipping 0.1%.
Riley Wealth Management’s chief marketing strategist, Art Hogan, was quoted by CNBC as saying the following on how the market performed last week:
“This has been a week thus far where the rising rhetoric around trade didn’t adversely affect markets. Investors were able to look through that to a certain extent, but the order of magnitude with one of our most important trade partners that just got dumped in our laps overnight was an eye opener.”
Despite a slight contraction last week, the broad market index sits comfortably in green, with year-to-date gains of 6.43%.
With that said, let’s now discuss some of the best booming stocks to buy now.
Methodology
We identified large-cap stocks, having a market capitalization of $10 billion or more. From there, we selected the top 13 with the highest year-to-date share price returns and ranked them in ascending order. All data is as of the close of business on July 9, 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 Booming Stocks to Buy Now:
13. Tencent Music Entertainment Group (NYSE:TME)
YTD Returns: 79.77%
Tencent Music Entertainment Group (NYSE:TME) is among the 13 Best Booming Stocks to Buy Now. The stock has had impressive year-to-date returns of nearly 80%, driven by strong financial performance and positive investor sentiment resulting from a recent strategic acquisition.
The Chinese music streaming giant reported a first-quarter revenue of RMB 7.36 billion, increasing 8.7% year-over-year and surpassing forecasts of RMB 7.27 billion, due to robust growth in revenues from online music services. The company’s adjusted profit of RMB 1.37 also topped estimates of RMB 1.33.
Tencent Music Entertainment Group (NYSE:TME) also saw strong subscriber growth during the quarter, mainly due to its investments in long-form content, such as audiobooks and podcasts, which is helping offset the weakness in its social entertainment business.
CFRA Research analyst Ahmad Halim had the following to say on the company’s Q1 2025 results:
“Tencent Music’s continued innovation in AI-powered personalization, long-form audio and fan-driven commerce, combined with cost discipline and increased content scale, will support margin expansion and deeper monetization through the second half of 2025.”
Investor sentiment has also been bolstered by a South Korean filing late in May that revealed Tencent Music Entertainment Group (NYSE:TME) was acquiring a 9.7% stake worth $177 million in K-pop agency SM Entertainment, making it the second-largest shareholder of the company.
12. Roblox Corporation (NYSE:RBLX)
YTD Returns: 81.31%
Roblox Corporation (NYSE:RBLX) is one of the 13 Best Booming Stocks to Buy Now. On July 11, Citigroup maintained a Buy rating for the stock, while raising its price target to $123 from $100, which reflects an anticipation of continued upside potential, adding to the 81% year-to-date gains already in 2025.
The analysts cited robust second-quarter user data from RoMonitor and a favorable verdict on App Store fees as the reason behind the revision. They also highlighted the surge Roblox Corporation (NYSE:RBLX) has had since May after the announcement of Q1 FY25 results, with the market now pricing in an annual EBITDA of approximately $880 million.
Citigroup expects April’s court ruling requiring Apple to allow third-party payments to be a major tailwind for Roblox Corporation (NYSE:RBLX). Analysts estimate that lower platform fees have the potential to boost EBITDA by between $220 million and $600 million for the company.
Roblox Corporation (NYSE:RBLX) offers an immersive platform for communication and connection, allowing users to create, work, learn, play, and connect in experiences developed by its global community of creators.
