This article looks at the 13 Best Global Stocks to Buy Right Now.
Stocks have risen this week amid optimism on Wall Street regarding the U.S. reaching more trade deals before the tariff deadline ends. The S&P 500 climbed 0.78% on Wednesday for a record close of 6,358.91 – its third successive for the week and 12th for the year.
On Tuesday, President Trump revealed in a post on Truth Social that Washington had completed a ‘massive deal’ with Japan. Recent media reports also suggest the U.S. is closing in on a 15% tariff agreement with the European Union.
The U.S. government is pushing to reach trade deals with several countries ahead of an August 1 deadline. Earlier in the week, the White House announced that it had agreed on the framework of a trade agreement with Indonesia.
In April this year, the stock market went into turmoil after President Trump announced sweeping tariffs that were later paused. Louis Navellier, founder and chief investment officer at Navellier & Associates, shared the following remarks on Trump’s trade strategy:
“So far, the tariff strategy Trump is pursuing looks very inspired, generating serious income, resulting in major investments in the U.S. to avoid the tariffs, and has yet to cause the disruptions and inflation that the naysayers said were certain. The stock market certainly reflects no fear of negative consequences.”
With that said, let’s now head over and see some of the best global stocks to buy right now.
The New York Stock Exchange building. Photo by Дмитрий Трепольский on Pexels
Methodology
For this article, we have considered large-cap or above stocks that are primarily based outside the U.S. but are traded on U.S. exchanges. The stocks are ranked in ascending order of the number of hedge fund investors having a stake in them, based on Insider Monkey’s database of 1,000 prominent hedge funds as of Q1 2025. Where stocks were tied on hedge fund sentiment, we used their market caps as a tiebreaker between them.
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 Global Stocks to Buy Right Now:
13. JD.com, Inc. (NASDAQ:JD)
Number of Hedge Fund Holders: 66
JD.com, Inc. (NASDAQ:JD) is among the 13 Best Global Stocks to Buy Right Now. On July 21, Benchmark analyst Fawne Jiang slashed the Chinese e-commerce giant’s price target to $47 from $53, while maintaining a Buy rating for its shares.
The adjustment factored in the company’s investments in food delivery and instant commerce, which the analyst believes will result in significant margin pressure in the near term. The research firm also lowered its group-level non-GAAP net margin to reflect the losses and trimmed its fiscal outlook, citing competitive pressure.
However, the analyst maintained a Buy rating for JD.com, Inc. (NASDAQ:JD), while noting the company’s growth potential and strategic positioning. Jiang acknowledged the long-term value of these investments, aimed at enhancing user growth and modernizing the supply chain.
The analyst also anticipates JD.com, Inc. (NASDAQ:JD) to benefit from China’s thriving retail market, especially in the 3C and home appliance sectors. He believes the company is well-positioned to capitalize on the robust momentum in these sectors.
12. Aon plc (NYSE:AON)
Number of Hedge Fund Holders: 68
Aon plc (NYSE:AON) is among the 13 Best Global Stocks to Buy Right Now. On July 16, the company bolstered its reinsurance division with key executive appointments.
The global professional services firm announced the appointments of Alfonso Valera as CEO of International for Reinsurance, and Steve Hofmann as CEO of Americas for Reinsurance. Valera will be responsible for overseeing the UK, EMEA, and APAC regions, while Hofmann will manage North America and Latin America.
Aon plc (NYSE:AON) also promoted George Attard as Global Head of Strategy for Reinsurance, whereas Tomas Novotny is taking charge as Chairman of International for Reinsurance.
Andy Marcell, who heads Aon plc (NYSE:AON)’s Risk Capital and Human Capital across several teams, including Reinsurance, said the recent promotions reflect the depth and quality of leadership in the company, while adding that these executives bring with them decades of experience, domain expertise, client relationships, and market knowledge.
In other related news, Chris Spiridis rejoined Aon plc (NYSE:AON) as global enterprise construction project leader last week. He will lead the strategy for Enterprise client global construction projects in his new role.
11. Accenture plc (NYSE:ACN)
Number of Hedge Fund Holders: 69
Accenture plc (NYSE:ACN) is among the 13 Best Global Stocks to Buy Right Now. On July 17, Evercore ISI Group initiated coverage of the stock with an Outperform rating and announced a price target of $330 for its shares.
The firm said that IT companies are playing a critical role as businesses adopt artificial intelligence. In a note to investors, Evercore analysts, led by Amit Daryanani, stated the following:
“As enterprises dive further into AI transformation, we see IT services firms playing a pivotal role in navigating customers through their AI journeys, which could create growth tailwinds for services firms akin to how public cloud adoption contributed to industry growth. IT Services firms help enterprises address ‘last mile’ challenges related to the deployment of AI including cloud/data infra modernization, and tailoring solutions to each organizations unique needs.”
Evercore analysts also highlighted Accenture plc (NYSE:ACN)’s market leadership, because of which the company is positioned to maintain mid to high single-digit sales. The price target of $330 represents a nearly 17% upside potential from the stock’s current trading value.
Accenture plc (NYSE:ACN) is a leading global professional services company that is helping businesses, governments, and organizations worldwide to develop their digital core, optimize operations, grow revenue, and enhance citizen services.
10. Linde plc (NASDAQ:LIN)
Number of Hedge Fund Holders: 75
Linde plc (NASDAQ:LIN) is among the 13 Best Global Stocks to Buy Right Now. On July 21, the company announced two major long-term agreements to support the commercial space sector in the United States.
Under the first agreement, the industrial gas giant will significantly expand its facility in Mims, Florida, where the company provides vital liquid oxygen and nitrogen for rocket launches at nearby facilities. The new capacity is expected to commence during the first quarter of 2027. It builds on Linde plc (NASDAQ:LIN)’s earlier expansions at Mims in 2020 and 2024.
The company’s second investment involves building an air separation unit in Brownsville, Texas, to deliver liquid oxygen, argon, and nitrogen for an unnamed customer’s space operations needs in the region. Linde plc (NASDAQ:LIN) will own and operate the unit, which will expand the firm’s merchant capacity across the state and further enhance its network of industrial gas infrastructure.
Linde plc (NASDAQ:LIN) gained 1.17% on Monday following the announcement to close at $470.43 per share, taking the year-to-date returns to over 12%.
9. Shopify Inc. (NASDAQ:SHOP)
Number of Hedge Fund Holders: 77
Shopify Inc. (NASDAQ:SHOP) is among the 13 Best Global Stocks to Buy Right Now. On July 18, analysts at CIBC lifted the stock’s price target to $145 from $125, while maintaining an Outperform rating for its shares.
The adjustment comes ahead of the company’s Q2 2025 earnings call on August 6, with the firm’s analysts anticipating Shopify Inc. (NASDAQ:SHOP) will meet or beat expectations for revenue growth.
CIBC also highlighted the Canadian e-commerce giant’s growing merchant base as a sign of its future strength. Moreover, the analyst projects minimal impact of tariffs on Shopify Inc. (NASDAQ:SHOP)’s growth trajectory and believes the company is well-positioned to help merchants navigate the challenge.
Analyst Todd Coupland further added that if the United States and China reach a ‘reasonable’ trade deal, there could be an upside to estimates for Shopify Inc. (NASDAQ:SHOP) during the second half of the year, as the current projections assume a deceleration in growth.
8. Nu Holdings Ltd. (NYSE:NU)
Number of Hedge Fund Holders: 80
Nu Holdings Ltd. (NYSE:NU) is among the 13 Best Global Stocks to Buy Right Now. In a press release on July 21, the company announced that NuBank has begun testing for the new NuCoin, its latest relationship program.
The initiative is planned to address customers’ demand for benefits and recognition not previously covered under market relationship programs. It will allow users to compete for rewards and earn NuCoins by using their debit cards as well, moving away from the traditional practice of benefiting only customers who spend more on their credit cards.
Nu Holdings Ltd. (NYSE:NU) says the reformulated NuCoin will recognize active customers, who will earn NuCoins through daily engagement and activities within the app platform. This will help them in unlocking several advantages, including access to exclusive functions, discounts, and event tickets.
Program testing is set to continue over the next few weeks, with new features being added. Customers who participated in the old version of the NuCoin program will have first access to the new experience.
Nu Holdings Ltd. (NYSE:NU) is a Brazil-based digital banking company that provides financial services in multiple countries of Latin America. The stock has had impressive returns in 2025, gaining 24% year-to-date, as of July 22.
7. ASML Holding N.V. (NASDAQ:ASML)
Number of Hedge Fund Holders: 80
ASML Holding N.V. (NASDAQ:ASML) is among the 13 Best Global Stocks to Buy Right Now. During the recent earnings call, CEO Christophe Fouquet walked back on his earlier forecast for sales growth next year, blaming geopolitical tensions and trade disputes.
In October, Fouquet told investors that he expects 2026 to be a year of growth for the company and the semiconductor industry. However, he took a more cautious stance after ASML Holding N.V. (NASDAQ:ASML) reported results for Q2 2025 on July 16:
“We continue to see increasing uncertainty driven by macro-economic and geopolitical developments. Therefore, while we still prepare for growth in 2026, we cannot confirm it at this stage.”
ASML Holding N.V. (NASDAQ:ASML)’s CFO, Roger Dassen, also expressed concerns about the trade war during an analyst call:
“Our customers are more concerned about the tariffs discussion today than they were three months ago. Countries are in full battle mode again when it comes to tariffs.”
The Netherlands-based holding company provides lithography solutions necessary for manufacturing chips used in almost everything, from smartphones to AI accelerators. It has been caught in the ongoing tariff dispute between the U.S. and China, its two major markets.
6. Sea Limited (NYSE:SE)
Number of Hedge Fund Holders: 84
Sea Limited (NYSE:SE) is among the 13 Best Global Stocks to Buy Right Now. The consumer internet company, through its subsidiaries, operates three core businesses of e-commerce, digital entertainment, and digital financial services.
The company delivered strong results during the first quarter of fiscal 2025, with all three businesses reporting improved profitability. In e-commerce, Shopee posted a record-high GMV and gross order volume. The digital financial services business, SeaMoney, which is now rebranded as Monee, had a 50% year-over-year increase in both revenue and adjusted EBITDA. The digital entertainment segment, Garena, also had a stellar beginning to the year, registering its best quarter since 2021.
Overall, Sea Limited (NYSE:SE)’s GAAP revenue stood at $4.8 billion, growing almost 30% from the prior year, while total net income was reported at $410.8 million, improving from a net loss of $23 million for the first quarter of fiscal 2024.
Following the results, several firms, including JPMorgan, Benchmark, and Barclays, hiked their price targets for the stock. Wall Street analysts have a consensus Buy rating for Sea Limited (NYSE:SE), with a one-year average share price target of $178.66, representing a 15% upside potential from its current trading value.
First-quarter results also buoyed investors. Lakehouse Global Growth Fund stated the following regarding Sea Limited (NYSE:SE) in its May 2025 investor letter:
“Sea Limited (NYSE:SE) delivered another impressive result, with sustained momentum driving solid top-line growth and continued progress on profitability. Group revenue grew 30% to US$4.8 billion, driven by strong performance from the company’s e-commerce platform, Shopee, and its fintech business, Monee. Shopee further extended its market leadership across Asia and Brazil, with record GMV rising 22% to US$28.6 billion and continued improvement in its take rate, up 60 basis points to 12.3%. Monee accelerated its growth with their loan book rising 77% to US$5.8 billion, driven by a >50% increase in active borrowers to over 28 million whilst maintaining sound credit quality. Combined with strong operating leverage across all business units, this growth helped lift adjusted EBITDA 136% to US$947 million and continues to demonstrate Sea’s ability to deliver further profitable growth.”
Sea Limited (NYSE:SE)’s shares have gained 44.45% year-to-date as of the close of business on July 22.
5. Eaton Corporation plc (NYSE:ETN)
Number of Hedge Fund Holders: 85
Eaton Corporation plc (NYSE:ETN) is among the 13 Best Global Stocks to Buy Right Now. The company’s shares have gained 12.50% over the past month, as of the close of business on July 22, driven by recent developments that have encouraged investor sentiment.
On July 16, the company announced that it had signed an agreement to acquire Resilient Power Systems Inc., a Texas-based developer and manufacturer of innovative energy solutions, including solid-state transformer-based technology. The transaction is set to close during the third quarter of the year and is expected to provide Eaton Corporation plc (NYSE:ETN) with increased exposure to fast-growing markets.
The intelligent power management company also recently announced a collaboration with NVIDIA to enable the shift to HVDC power infrastructure in AI data centers. The partnership is focused on designing best practices, innovative power management solutions, and reference architectures suitable for high-density GPU deployments.
Investor sentiment has also been strengthened by analyst rating updates in July, which have seen leading firms, including Wells Fargo, Goldman Sachs, Barclays, and Citigroup, lifting their price targets for Eaton Corporation plc (NYSE:ETN). Overall, Wall Street analysts maintain a positive outlook for the stock, with a consensus Buy rating.
4. PDD Holdings Inc. (NASDAQ:PDD)
Number of Hedge Fund Holders: 87
PDD Holdings Inc. (NASDAQ:PDD) is among the 13 Best Global Stocks to Buy Right Now. The multinational commerce group owns and operates a portfolio of businesses.
The Temu-owner reported a 10% year-over-year increase in revenue for the first quarter of fiscal 2025. However, net income declined 47%, driven by intense local competition and ongoing global trade uncertainties. MScience analyst Vinci Zhang said the bottom-line miss was a result of weaker-than-anticipated operating margin, likely impacted by U.S. tariffs.
Slowing domestic spending and a prolonged property crisis in China have also pressured PDD Holdings Inc. (NASDAQ:PDD)’s Pinduoduo, which generally tends to outperform competitors due to its low-price focus.
The Chinese e-commerce giant also made substantial investments in its platform ecosystem to support consumers and merchants. PDD Holdings Inc. (NASDAQ:PDD)’s Chairman and Co-CEO Lei Chen said that while these investments weighed on near-term profitability, they have strengthened the long-term health of the platform.
Despite the dip in profitability during the first quarter, the market sentiment on PDD Holdings Inc. (NASDAQ:PDD) remains bullish, with year-to-date returns of 22% as of the close of business on July 22. Wall Street analysts have a consensus Buy rating for the stock, with a one-year average price target of $127, representing a 10% upside potential.
3. Spotify Technology S.A. (NYSE:SPOT)
Number of Hedge Fund Holders: 106
Spotify Technology S.A. (NYSE:SPOT) is among the 13 Best Global Stocks to Buy Right Now. On July 11, Keybanc lifted the stock’s price target to $860 from $640, while maintaining an Overweight rating for its shares. The adjustment represents significant upside potential, given its share price of $674.46 at the close on July 23.
The firm said that it expects Spotify Technology S.A. (NYSE:SPOT)’s second-quarter results and guidance for the third quarter to contain some variability related to foreign exchange, seasonal gross margin dynamics, and social charges.
The analyst has advised investors to buy any near-term dips and reiterated that its core thesis remains intact. Keybanc believes that music is under-monitized in a price inflationary market with favorable competitive dynamics and several initiatives that support high-teens revenue growth.
In other news, Deutsche Bank on Wednesday also raised Spotify Technology S.A. (NYSE:SPOT)’s target price to $775 from $700 and maintained a Buy rating for its shares. The Luxembourg-based company, which provides digital music-streaming services worldwide, has seen impressive returns in 2025, gaining 51% year-to-date.
2. Alibaba Group Holding Limited (NYSE:BABA)
Number of Hedge Fund Holders: 125
Alibaba Group Holding Limited (NYSE:BABA) is among the 13 Best Global Stocks to Buy Right Now. On July 23, the Chinese e-commerce giant announced the launch of Qwen3-Coder, a new open-source AI model for software development, which is also the company’s most advanced coding tool to date.
The news comes amid intense competition between Chinese technology firms in the global AI development race. Qwen3-Coder is built for tasks like code generation and managing complex coding workflows. Performance data released by Alibaba Group Holding Limited (NYSE:BABA) said the open-source coder outperformed rival models from DeepSeek and Moonshot AI.
The tests also showed that Alibaba Group Holding Limited (NYSE:BABA)’s Qwen3-Coder either matched the performance or was just behind leading U.S. models, including OpenAI’s GPT-4 and Anthropic’s Claude, in certain areas.
The company stated the following in a statement on Wednesday:
“Agentic AI coding is transforming software development by enabling more autonomous, efficient and accessible programming workflows. With its open-source availability, strong agentic coding capabilities, and seamless compatibility with popular developer tools and interfaces, Qwen3-Coder is positioned as a valuable tool for global developers in software development.”
1. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)
Number of Hedge Fund Holders: 187
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is among the 13 Best Global Stocks to Buy Right Now. On July 17, Needham reiterated a Buy rating for the stock and maintained its earlier price target of $270 per share.
The update follows the chipmaker’s second-quarter results, in which it reported a 60.7% year-over-year increase in net profit, surpassing market estimates, amid a surging demand for semiconductors used in AI applications.
Needham analysts Charles Shi and Ross Cole wrote the following about Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s recent earnings in an investor note:
“TSMC delivered a strong beat-and-raise quarter, with the 3Q25 revenue outlook vastly exceeding consensus estimates and implied EPS guidance well ahead of the Street, despite the GM headwinds due to FX and overseas fab production ramp. On the back of strong 2Q25 and 3Q25, TSMC raised the FY25 revenue growth outlook from 24-26% to ~30%.”
However, the analysts also pointed out Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s guidance for the fourth quarter, which implies a high single-digit percentage quarter-over-quarter decline. This is the first time since Needham initiated coverage of the stock in 2021 that TSMC has guided to a decline in Q4.
The analysts added that Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s management discussed in the earnings call about the ongoing macro uncertainties that have led them to be conservative on guidance for the quarters ahead.
While we acknowledge the potential of TSM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TSM and that has 100x upside potential, check out our report about this cheapest AI stock.
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