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.

11. Palantir Technologies Inc. (NASDAQ:PLTR)

YTD Returns: 90.36%

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the 13 Best Booming Stocks to Buy Now. The company specializes in software platforms for data analytics, which are used by government agencies, financial institutions, and several large corporations.

According to reports this week, the Czech National Bank has significantly increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by purchasing an additional 49,135 shares. Analysts believe the increased investment underscores the bank’s commitment to align itself with innovative companies and is a recognition of the importance of making data-driven decisions.

Earlier this month, Palantir Technologies Inc. (NASDAQ:PLTR), together with BlueForge Alliance (BFA), announced the launch of Warp Speed for Warships, a program aimed at accelerating warship production, digital transformation, and speed readiness. The initiative is backed by the U.S. Navy’s Maritime Industrial Base (MIB) Program and builds on the collaboration between PLTR and BFA on powering high-velocity shipbuilding, maintaining a strong fleet, and rebuilding American maritime superiority.

The stock has had impressive returns in 2025, increasing 90.36% year-to-date, as of July 9. However, Wall Street analysts have a consensus Hold rating for Palantir Technologies Inc. (NASDAQ:PLTR) and anticipate a 28% downside in its share price ahead, suggesting that the rally may have stretched too far.

10. Symbotic Inc. (NASDAQ:SYM)

YTD Returns: 90.85%

Symbotic Inc. (NASDAQ:SYM) is one of the 13 Best Booming Stocks to Buy Now, with year-to-date gains of nearly 91%. It builds technologies to enhance operational efficiencies in modern warehouses.

On May 7, the company reported financial results for the second quarter of fiscal 2025. Symbotic Inc. (NASDAQ:SYM) posted a quarterly revenue of $550 million, up 40% year-over-year. Gross margins also expanded significantly during Q2, which drove a reduction in net loss to $21 million from $55 million in the prior year.

Moreover, Symbotic Inc. (NASDAQ:SYM) delivered a record number of system starts and completes during the quarter. The company is committed to delivering improved execution ahead while investing in future growth and innovation. For Q3, management anticipates revenue in the range of $520 million to $550 million and adjusted EBITDA between $26 million and $30 million.

Wall Street analysts maintain a positive outlook for the stock, with a consensus Buy rating. However, the average consensus does not see the rally extending in the months to come, with a one-year average price target of $33.4, representing a downside potential of 29%.

In other news, last month, Symbotic Inc. (NASDAQ:SYM) appointed Izzy Martins as the company’s new CFO, effective August 9, 2025. He will replace Carol Hibbard, who is departing to explore other opportunities, but will remain with the firm until the end of the calendar year to ensure a smooth transition.

9. AngloGold Ashanti plc (NYSE:AU)

YTD Returns: 91.17%

AngloGold Ashanti plc (NYSE:AU) is among the 13 Best Booming Stocks to Buy Now. According to a report, the company has divested its entire 14.95% stake in Canada’s G2 Goldfields. The disposal was executed on July 8 at the Toronto Stock Exchange.

The transaction involved the sale of 35.9 million common shares, as part of the company’s strategy to regularly review its investment portfolio. In June this year, AngloGold Ashanti plc (NYSE:AU) agreed to sell its stake in the Mineração Serra Grande mine in Goiás, Brazil, to Aura Minerals.

The South Africa-based gold miner acquired an 11.7% stake in G2 Goldfields for approximately C$22.05 million in January 2024, with funds from the investment designated for use in exploration projects in Guyana and general corporate purposes.

Later that year, in July, AngloGold Ashanti plc (NYSE:AU) announced plans to further expand its shareholding in the Canadian company by acquiring a further 8.9 million shares through a private placement totalling C$42 million.

8. AST SpaceMobile, Inc. (NASDAQ:ASTS)

YTD Returns: 96.40%

AST SpaceMobile, Inc. (NASDAQ:ASTS) is among the 13 Best Booming Stocks to Buy Now. On July 3, the company announced it had secured an additional $100 million equipment financing facility led by Triniti, intended to aid ASTS’s network deployment and manufacturing goals in 2025 and 2026.

Andrew Johnson, Chief Financial Officer of AST SpaceMobile, Inc. (NASDAQ:ASTS) stated the following on the development:

“This new non-dilutive financing enables AST SpaceMobile to continue its strong momentum executing against its accelerated operational plans. This facility is the first such type of financing agreement for the company and reflects our stage of rapid growth and transition from Research & Development to full-scale manufacturing and network deployment.”

The non-diluting facility provides the company with further long-term liquidity available through 2031, including the $25 million drawn at closing against equipment purchased in the past.

The facility will use planned and existing equipment as collateral. Moreover, it is designed to fit into a long-term, mature capital structure to facilitate AST SpaceMobile, Inc. (NASDAQ:ASTS)’s future debt capital, continued growth, and enable flexibility.

7. Banco Santander, S.A. (NYSE:SAN)

YTD Returns: 99.10%

Banco Santander, S.A. (NYSE:SAN) is among the 13 Best Booming Stocks to Buy Now. On July 1, the company announced that it had reached an agreement to acquire a 100% stake in TSB Banking Group plc in an all-cash transaction for £2.65 billion, subject to approval from Sabadell’s shareholders.

The acquisition will bolster the Spanish lender’s presence in the UK, with an inflow of approximately 5 million TSB customers, who keep around £35 billion in deposits. The combined entity will enable Banco Santander, S.A. (NYSE:SAN) to become the third-largest bank in the country by personal current account balances.

The takeover comes at a time when Banco Santander, S.A. (NYSE:SAN)’s UK business is booking subpar profits compared to its overall returns. Earlier this year, Reuters reported that the bank was reviewing its presence in the country, with a pullback being among the options.

Ana Botín, Banco Santander, S.A. (NYSE:SAN)’s executive chair, stated the following on the acquisition:

“The acquisition of TSB represents a continuing strategic commitment to our customers in the UK, offering a compelling opportunity that is financially attractive to our shareholders and aligned with Santander’s long-term objectives. It strengthens our franchise in a core market through the acquisition of a low-risk and complementary business that adds to our diversification.”

Banco Santander, S.A. (NYSE:SAN) is a Spanish multinational financial services company, offering services such as deposits, mutual funds, current and savings accounts, loans, and various other financing solutions. The stock has returned 99% so far in 2025.

6. NuScale Power Corporation (NYSE:SMR)

YTD Returns: 100.23%

NuScale Power Corporation (NYSE:SMR) is among the 13 Best Booming Stocks to Buy Now. The company’s shares have shown remarkable momentum in 2025 so far, with year-to-date returns of over 100%, amid a broader surge in nuclear stocks and growing investor confidence in small modular reactors (SMRs).

Shares have soared since May after President Trump signed a series of executive orders to streamline the construction of new reactors in the country. During the month, the U.S. Nuclear Regulatory Commission also approved NuScale Power Corporation (NYSE:SMR)’s design for 77 MW reactors, clearing a hurdle in the company’s quest to be the first to build a U.S. SMR.

However, the stock has declined nearly 10% over the past month, in signs that the rally may have stretched too far. While Wall Street analysts have a consensus Buy rating for NuScale Power Corporation (NYSE:SMR), the stock has a one-year average share price target of $34.66, representing a downward potential of 8%.

Recent rating updates have also implied analyst caution. On June 25, BTIG downgraded NuScale Power Corporation (NYSE:SMR) to Neutral from Buy, citing limited visibility into order growth and an assessment that recent gains have outpaced short-term fundamentals.

On June 23, Citigroup initiated coverage of the stock with a Neutral rating and set a price target of $46 for its shares, reflecting a 23% upside potential. While the firm sees new orders on the horizon, it has also warned of significant execution risks.

What NuScale Power Corporation (NYSE:SMR)’s future holds remains to be seen, but the stock has surely doubled the fortunes this year for several investors betting on the company.

5. Hims & Hers Health, Inc. (NYSE:HIMS)

YTD Returns: 103.33%

Hims & Hers Health, Inc. (NYSE:HIMS) is among the 13 Best Booming Stocks to Buy Now. On July 9, the digital health and wellness platform announced plans to expand in Canada by offering generic semaglutide.

This comes at a time when Novo Nordisk is set to lose its patent protection on Ozempic and Wegovy in Canada for not paying a maintenance fee in 2019. Hims & Hers Health, Inc. (NYSE:HIMS) joins a growing list of companies that are capitalizing on Novo Nordisk’s lapsed patent on its GLP-1s.

The introduction of generics is a pivotal moment for Canada’s healthcare industry. With about two-thirds of adults in the country being overweight or obese, access to treatments has remained elusive for many due to the high costs. Hims & Hers Health, Inc. (NYSE:HIMS) intends to offer generic semaglutide at a significant discount to the currently branded versions, with prices expected to further decrease over time.

Hims & Hers Health, Inc. (NYSE:HIMS)’s decision to enter the Canadian market follows the company’s acquisition of European telehealth platform, Zava, in June, which will expand its services to France, Germany, and Ireland, and grow its active customer base by approximately 50%.

4. Korea Electric Power Corporation (NYSE:KEP)

YTD Returns: 103.89%

Korea Electric Power Corporation (NYSE:KEP) is one of the 13 Best Booming Stocks to Buy Now. This week, the company signed a memorandum of understanding (MOU) with LS Cable & System Ltd. and LS Electric Co. to build the world’s first superconducting power grid for data centers, Business Korea reported on Friday.

If successful, the project is anticipated to become a turning point for the next-gen power infrastructure industry. Unlike traditional power grids, superconducting power grids utilize their zero-resistance property to transmit 154kV-class, large-capacity power even at low voltages, enabling the expansion of power supply to urban areas without requiring new substations.

According to the report, small stations would replace existing ones, thereby significantly reducing installation space and enhancing energy efficiency. This would also be beneficial in limiting construction costs and improving public acceptance.

Under the agreement, Korea Electric Power Corporation (NYSE:KEP) will oversee the technical verification of the superconducting system and regulatory coordination. The superconducting cables will be designed and produced by LS Cable & System, whereas LS Electric will provide fault current limiters and other related power equipment.

Korea Electric Power Corporation (NYSE:KEP) is a Korean electric utility company engaged in the sale and delivery of electricity. The stock has had an impressive run in 2025, up by over 100% year-to-date, as of July 9.

3. Robinhood Markets, Inc. (NASDAQ:HOOD)

YTD Returns: 139.71%

Robinhood Markets, Inc. (NASDAQ:HOOD) is among the 13 Best Booming Stocks to Buy Now. On July 7, Citigroup doubled the stock’s price target to $100 from $50 while maintaining a Neutral rating for its shares.

Despite the stock returning nearly 140% this year and more than 300% in the past year, the bank’s analysts retained their earlier outlook for Robinhood Markets, Inc. (NASDAQ:HOOD). Here is what they had to say about the update:

“After the recent performance and with the stock currently trading at 62x/48x our 2026/2027 EPS, we believe much of the growth potential is already priced in.”

On the same day, analysts at Goldman Sachs reiterated their Buy rating for the stock, while lifting its price target for HOOD to $104 from $91.

Robinhood Markets, Inc. (NASDAQ:HOOD)’s surge over the past 12 months has driven investor interest and also shifted opinion among several stock watchers on Wall Street.

The company’s shares hit the $100 mark for the first time earlier this month, amid renewed investor confidence after it unveiled an ambitious expansion in the cryptocurrency space with the introduction of tokenized U.S. stocks and ETFs for EU investors and debuting staking for Ethereum and Solana in the U.S.

2. CoreWeave, Inc. (NASDAQ:CRWV)

YTD Returns: 282.63%

CoreWeave, Inc. (NASDAQ:CRWV) is among the 13 Best Booming Stocks to Buy Now. On July 8, Stifel downgraded the stock to Hold from Buy, while lifting its price target to $115 per share from $75.

The adjustment followed a recent announcement by the data center infrastructure provider regarding its acquisition of Core Scientific. CoreWeave, Inc. (NASDAQ:CRWV) expects the move to enhance operational efficiencies, improve financial flexibility, and result in expanded expertise.

While the analysts acknowledged the likely long-term benefits from the takeover, they noted ‘key near-term overhangs’, which prompted the firm’s cautious outlook for CoreWeave, Inc. (NASDAQ:CRWV) and became the reason for the downgrade.

Despite near-term challenges the company could face during the integration phase, Stifel significantly lifted CoreWeave, Inc. (NASDAQ:CRWV)’s price target, reflecting the scale of value creation from the acquisition.

CoreWeave, Inc. (NASDAQ:CRWV) is a cloud infrastructure technology company. The stock has had impressive returns of nearly 283% since its IPO in March this year.

1. Circle Internet Group (NYSE:CRCL)

YTD Returns: 545.16%

Circle Internet Group (NYSE:CRCL) is among the 13 Best Booming Stocks to Buy Now. On July 8, Mizuho initiated coverage of the stock with an Underperform rating, while announcing a price target of $85 for its shares.

The firm’s analysis suggested that Wall Street analysts may be underestimating the impact of declining interest rates on the stock, and hence, overstating the company’s growth potential. In a note to clients, Dan Dolev anticipated a potential downside of 25% to 30% to the $4.5 billion full-year consensus for Circle Internet Group (NYSE:CRCL)’s 2027 revenue.

The analyst said his estimate of $3.3 billion was more realistic, as it takes into account lower borrowing costs and growth in USDC circulation. He also noted higher distribution costs as a major concern for the stablecoin issuer, with companies like Coinbase holding a significant chunk of the USDC economics.

Circle Internet Group (NYSE:CRCL) is a global financial technology company, operating as a network, platform, and market infrastructure for stablecoin and blockchain applications. The stock has surged by over 500% since its IPO in June this year.

READ NEXT: 13 Best German Stocks to Invest in Now and Goldman Sachs Stock Portfolio: 10 Large-Cap Stocks To Buy.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email below.