On May 9, BMO private wealth chief market strategist Carol Schleif joined CNBC’s ‘Squawk Box’ to discuss the latest market trends and the state of the economy. Reflecting on a market decline in April that reached a ~20% drop, Schleif noted that the market recovered and ended only 3% to 4 % down. She described investor reactions during that period as mixed: about 10% were very eager to buy, but another 10% were quite nervous, while the majority remained measured. She emphasized the important distinction between markets and the economy and noted that markets often move ahead of economic realities and quickly shift focus to new topics as part of their discounting mechanism. This is why markets serve as economic indicators and anticipate future developments.

She talked about how individual risk tolerance varies, with some younger clients adopting conservative strategies and some older clients favoring aggressive positions, especially in tech. Schleif acknowledged that tariffs are expected to rise from under 3% to ~10%, but despite this anticipation, she’s confident that markets and companies will adjust to the changes. She noted the unusual shift in US influence, which now extends beyond material control to more intangible domains, and described this shift in responsibility as significant and complex. Schleif also emphasized the value of globally diversified portfolios, which have been challenging to maintain during periods when the US market outperformed. However, she noted that such diversification, which includes fixed income and foreign equities, has provided better performance and protection year-to-date and helps investors weather volatility better than those concentrated solely in US assets.

That being said, we’re here with a list of the 13 best high volume stocks to buy now.

Our Methodology

We first used stock screeners to compile a list of stocks with high average 3-month volumes. We then selected the 13 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q4 2024.

Note: All data was collected on May 12.

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 High Volume Stocks to Buy Now

13. Nio Inc. (NYSE:NIO)

Average Volume (3-Month): 58.17 million

Number of Hedge Fund Holders: 20

Nio Inc. (NYSE:NIO) designs, develops, manufactures, and sells smart EVs in China and Europe. It offers five and six-seater electric SUVs, as well as smart electric sedans. The company also offers power solutions and provides energy & service packages to its users, design & technology development activities, and sales & after-sales management activities.

Citi maintained its Buy rating on Nio on April 28 with a price target of $8.10. Following the Shanghai Auto Show, the firm expects Nio to launch new models soon, which will benefit from lower Bill of Materials costs and cost-saving synergies. The premium NIO brand delivered 201,209 vehicles in 2024, when the total was 221,970. This helped Nio secure a 40% market share in China’s BEV segment priced above RMB300K.

The NIO brand is moving forward with a new product cycle, such as the recently launched flagship sedan ET9 (deliveries starting late May 2025) and 2025 upgrades for existing models (ET5, ET5T, ES6, EC6) planned for Q2 2025. Citi indicated that Nio could see deliveries reach 63K units in Q2, which would be up 50% year-over-year. Further growth is expected, with projections of 100K to 120K units for Q3 and 120K to 150K units for Q4.

12. SoFi Technologies Inc. (NASDAQ:SOFI)

Average Volume (3-Month): 56.92 million

Number of Hedge Fund Holders: 43

SoFi Technologies Inc. (NASDAQ:SOFI) offers various financial services through three segments: Lending, Technology Platform, and Financial Services. It offers lending & financial services and products that allow its members to borrow, save, spend, invest, and protect money. The company also offers personal loans, student loans, home loans, and related services.

On April 25, William Blair analyst Andrew Jeffrey gave the stock a Buy rating due to SoFi’s strong market position and financial performance, which is reflected in its 48% year-over-year ARPU growth. SoFi made $770.72 million in FQ1 2025 revenue, which was an improvement of ~33% year-over-year. The primary driver of this growth is the company’s Technology Platform, which is built on its Cyberbank digital banking platform.

In FQ1 2025, this segment made $103 million in net revenue, which was up 10% year-over-year. The number of accounts declined by 6% year-over-year to 158 million, but the revenue still grew by 10%, with similar growth expected in Q2. SoFi Technologies Inc. (NASDAQ:SOFI) anticipates that new client wins in the tech platform business will have a significant impact on revenue in 2026 and beyond. The platform also serves SoFi’s internal products and processes over 8 billion annualized transactions.

Patient Capital Management expressed optimism for the company’s future and stated the following regarding SoFi Technologies, Inc. (NASDAQ:SOFI) in its Q4 2024 investor letter:

“The top performers in the fourth quarter were once again Financials and Travel names. We’ve been over-indexed to them since the pandemic, which has served us well. We strategically added to certain financial names like SoFi Technologies, Inc. (NASDAQ:SOFI) and Coinbase Global Inc. (COIN) during the year. Both companies rebounded strongly in the fourth quarter.

Sofi Technologies Inc. (SOFI) was a standout in the quarter, climbing 95% and up 156% from the intra-day lows in June. The company benefited from Fed rate cuts and the market’s growing optimism that the economy will avoid a recession. The company continues to grow its customer count while successfully cross selling into their loans and financial service products. In the quarter, we saw the company take on a new revenue stream by originating loans for third parties, creating an attractive balance sheet-light revenue source, helping improve return on equity and margins. Sofi is early in its life cycle, currently being a small player in a very large total addressable market (TAM). With their strong management team, we believe the company will continue to deliver on their guidance of strong growth and expanding margins.”