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13 Best Momentum Stocks To Buy Now

In this piece, we will take a look at the 13 best momentum stocks to buy now. If you want to skip our overview of the different kinds of trading strategies and some latest stock market news, then you can take a look at the 5 Best Momentum Stocks To Buy Now.

When it comes to trading, a strategy can typically follow two different directions. One of the more commonly understood trading strategies is trading by the fundamentals. This strategy looks at a firm’s ability to make money, and it analyzes the income statement and the balance sheet to take stock of costs, assets, and other financial metrics that could hint at growth in the future and the corresponding share price appreciation.

The second direction or strategy is played by the technical indicators. As opposed to looking at fundamentals such as earnings per share or dividends, a technical trading approach instead analyzes share price trends and movements. It takes stock of a variety of factors such as the volume of shares traded, whether a stock is overbought or oversold if its share price is above or below long term averages, and the percentage of returns delivered by the price. By combining these factors, technical analysts believe that they capitalize on emerging market trends before they blow up and make a profit.

One kind of technical trading strategy is called momentum trading. For those out of the loop, analyzing a stock’s momentum is unrelated to its balance sheet. Instead, it involves looking at the share price movements to see whether further upside or downside is present to merit an investment decision. Inside the momentum trader’s toolkit are several ‘tools’ such as average directional indexes, moving averages, stochastic oscillators (also called a relative strength index (RSI)), and simple trend lines that gauge whether current share price levels are part of a broader upward or downward trend.

Together, these allow for informed decision making. For instance, let’s consider a hypothetical stock A. A has an RSI reading of 19, a long term upward share price trend, and an ADX reading of 40. This might lead an investor to correctly conclude that since the RSI reading indicates that the stock is oversold, and the share price is trending upwards, then a high ASX reading could potentially present a chance for a profit since it indicates the presence of a trend. Of course, just as all investment decisions should be made after consulting a qualified investment professional, trying to read the technical tea leaves can yield better results if conclusions like the one in our example are also evaluated along with a fundamental reading. So if Stock A has high debt and falling revenue, then unless insiders or institutional investors know something that the broader market does not, it might not be worthwhile to wager holding A for a long time period.

With that out of the way, one way in which momentum stocks benefit is through the effects of macroeconomic news, events, and developments on the stock market. Throughout 2022 and 2023, the market has been held hostage by these events if we’re being honest. Whether it’s predictions of a recession, interest rate hikes, or high inflation, the market has seen investors flip between being bears and bulls depending on the nature of the data set. Right now, all eyes are on the Federal Reserve and the inflation readings for January 2024 that will help investors decide when the Fed might start cutting interest rates to ease business conditions and provide a further boost to the market.

Since the times are quite dynamic for the stock market, we decided to take a look at some top momentum stocks that hedge funds are buying. After all, even the smallest of news could spark a pop and the hedge funds will be there in the waiting to reap the profits. Some top momentum stocks are Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT), and Meta Platforms, Inc. (NASDAQ:META).

A classic Ferrari sports car against a lush green hillside, symbolizing the company’s luxurious performance.

Our Methodology

To make our list of the best momentum stocks, we ranked the top 100 holdings of the iShares MSCI USA Momentum Factor ETF by the number of hedge funds that had bought the shares as of Q4 2023 end. Out of these, the top stocks were chosen.

For these top momentum stocks, we used hedge fund sentiment. Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). That’s why we pay very close attention to this often-ignored indicator.

13 Best Momentum Stocks To Buy Now

13. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Investors In Q4 2023: 91

Broadcom Inc. (NASDAQ:AVGO) is one of the biggest semiconductor companies in the world. It designs chips such as modems that are used in smartphones. The shares are rated Buy on average but the average share price target is lower than the current share price.

During Q4 2023, 91 out of the 933 hedge funds profiled by Insider Monkey had held a stake in Broadcom Inc. (NASDAQ:AVGO). Ken Fisher’s Fisher Asset Management was the firm’s biggest investor due to its $2.3 billion stake.

Along with Microsoft Corporation (NASDAQ:MSFT), Amazon.com, Inc. (NASDAQ:AMZN), and Meta Platforms, Inc. (NASDAQ:META), Broadcom Inc. (NASDAQ:AVGO) is a top momentum stock according to hedge funds.

12. ServiceNow, Inc. (NYSE:NOW)

Number of Hedge Fund Investors In Q4 2023: 91

ServiceNow, Inc. (NYSE:NOW) is a software technology company whose platform enables businesses to run analytics and conduct other business operations. It’s one of the strongest rated stocks on our list, since not only has ServiceNow, Inc. (NYSE:NOW) beaten analyst EPS estimates in all four of its latest quarters but the shares are also rated Strong Buy on average and the average analyst share price target is $847.55.

By the end of last year’s fourth quarter, 91 out of the 933 hedge funds part of Insider Monkey’s database were ServiceNow, Inc. (NYSE:NOW)’s shareholders. Ken Fisher’s Fisher Asset Management owned the biggest stake among these which was worth $1 billion.

11. General Electric Company (NYSE:GE)

Number of Hedge Fund Investors In Q4 2023: 92

General Electric Company (NYSE:GE) is an iconic American industrial products company headquartered in Boston, Massachusetts. It’s an important stock to watch out for this year, as General Electric Company (NYSE:GE)’s size has led the firm to streamline operations through divestment and a business division spinoff due in the coming months.

Insider Monkey dug through 910 hedge fund portfolios for their fourth quarter of 2023 shareholdings and found that 92 had held a stake in the company. General Electric Company (NYSE:GE)’s largest shareholder in our database is Chris Hohn’s TCI Fund Management due to its $5.3 billion investment.

10. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Investors In Q4 2023: 100

Oracle Corporation (NYSE:ORCL) is an American software company whose enterprise resource planning software is used all over the world. The firm scored a win in February 2024 when it revealed that the State of North Carolina is using its financial management platform.

As of December 2023 end, 100 out of the 933 hedge funds surveyed by Insider Monkey were the firm’s investors. The largest Oracle Corporation (NYSE:ORCL) shareholder in our database is Jean-Marie Eveillard’s First Eagle Investment Management as it owns $1.9 billion worth of shares.

9. Eli Lilly and Company (NYSE:LLY)

Number of Hedge Fund Investors In Q4 2023: 102

Eli Lilly and Company (NYSE:LLY) is one of the biggest pharmaceutical companies not only in the U.S. but also in the world. Even though its weight loss drug dominates the news cycle, February 2024 is turning out to be a bittersweet month for the firm after its Treasurer for 28 years is leaving the company.

During 2023’s December quarter, 102 out of the 933 hedge funds tracked by Insider Monkey were Eli Lilly and Company (NYSE:LLY)’s shareholders. Ken Fisher’s Fisher Asset Management was the biggest investor since it held $2.6 billion worth of shares.

8. Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Investors In Q4 2023: 105

Adobe Inc. (NASDAQ:ADBE) is a productivity software company known for its reader and image editing software among other products. A key beneficiary of A.I. enabling its customers to improve their design processes, the shares are rated Strong Buy on average with an average share price target of $652.57.

Insider Monkey dug through 933 hedge fund holdings for last year’s December quarter and discovered 105 Adobe Inc. (NASDAQ:ADBE) shareholders. Ken Fisher’s Fisher Asset Management was the biggest investor since it held a $2.7 billion stake.

7. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Number of Hedge Fund Investors In Q4 2023: 120

Advanced Micro Devices, Inc. (NASDAQ:AMD) is an American semiconductor designer headquartered in Santa Clara, California. The firm expanded its product portfolio in February 2024 when it revealed a new product that blends in embedded computing and the system on chip (SoC) model.

By the end of 2023’s fourth quarter, out of the 933 hedge funds surveyed by Insider Monkey, 120 had invested in the firm. Advanced Micro Devices, Inc. (NASDAQ:AMD)’s largest hedge fund shareholder is Ken Fisher’s Fisher Asset Management as it owns 28 million shares that are worth $4.1 billion.

6. Uber Technologies, Inc. (NYSE:UBER)

Number of Hedge Fund Investors In Q4 2023: 129

Uber Technologies, Inc. (NYSE:UBER) is a software company that provides a platform to enable riders and drivers to collaborate with each other. 2024 is shaping up to be an important month for the firm as it could be forced to recognize some drivers as full time employees depending on their work.

129 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 database had bought and owned the firm’s shares. Uber Technologies, Inc. (NYSE:UBER)’s largest hedge fund shareholder is D. E. Shaw’s D E Shaw through its $886 million investment.

Amazon.com, Inc. (NASDAQ:AMZN), Uber Technologies, Inc. (NYSE:UBER), Microsoft Corporation (NASDAQ:MSFT), and Meta Platforms, Inc. (NASDAQ:META) are some best momentum stocks.

Click here to continue reading and check out 5 Best Momentum Stocks To Buy Now.

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Disclosure: None. 13 Best Momentum Stocks To Buy Now is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

The best part? You can discover everything about this company and its groundbreaking technology right now.

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!