14 Best American Stocks To Buy Heading into 2024

Published on October 29, 2023 at 5:17 pm by Fatima Farooq in Hedge Funds, News

In this article, we will be taking a look at the 14 best American stocks to buy heading into 2024. To skip our detailed analysis of current US market news, you can go directly to see the 5 Best American Stocks To Buy Heading into 2024.

Will There Be Another Rate Hike?

US markets have had a turbulent year so far, to say the least. With economic pressures, strikes, banking failures, and geopolitical tensions on the rise, it is unsurprising that most investors are feeling apprehensive about the state of the markets and their investments within them. As the year draws to a close, many investors are also on the lookout for further rate hikes by the Federal Reserve and what they may spell out for the economy and the markets.

On October 23, Meera Pandit, the global market strategist at JPMorgan Asset Management, joined CNBC’s “Squawk Box” to discuss the issue of rate hikes. Here are some of his comments on the matter:

“Let’s not take another rate hike off the table. I know that people came out of last week thinking that Powell was very dovish, but I actually heard a very balanced view of ‘we’re in restrictive territory, but further rate hikes might be necessary, but there’s further tightening.”

When asked whether she thinks there will be another rate hike this year, Pandit responded that we might potentially see one in December. Considering the above, US investors, in particular, may be wondering about what are the best American stocks to buy heading into 2024.

What To Invest In During These Times?

It can be safe to say that some financial professionals and investors are expecting one last rate hike from the Fed before the year draws to a close. For those who have been following the US markets diligently throughout the year, it will be clear that US tech stocks are currently some of the best American stocks to buy, especially considering their performance so far. On October 23, Barton Crockett, a senior analyst at Rosenblatt Securities, joined CNBC’s “Squawk Box” to discuss big tech earnings and potential stocks to pick up before the numbers are released. He discussed some of the stocks he believes are names you would want to own at this moment:

“Companies in this camp, I think, include Pinterest, also I think, Amazon is well-positioned for revenue trajectory margin expansion, along with Meta and Alphabet. Those would be the four companies that I’d be looking to accumulate ahead of this.”

While tech stocks like the ones named above, and others like Apple Inc. (NASDAQ:AAPL), are understandably popular picks for investors heading into the end of this year, other major American stocks like Berkshire Hathaway Inc. (NYSE:BRK-B) and UnitedHealth Group Incorporated (NYSE:UNH) may also be valuable options in other sectors. Since there is a variety of companies one can benefit from in the long run in the American markets, we have compiled a list of the top American stocks to buy heading into 2024. These may very well be stocks that will make you rich in 2024 if you invest smartly.

Our Methodology

We used Insider Monkey’s hedge fund data for the second quarter to pick the best 14 American stocks to buy heading into 2024 based on the number of hedge funds holding stakes in them. They are ranked based on this metric, from the lowest to the highest number.

Best American Stocks To Buy Heading into 2024

14. Berkshire Hathaway Inc. (NYSE:BRK-B)

Number of Hedge Fund Holders: 109

Berkshire Hathaway Inc. (NYSE:BRK-B) is a financial company based in Omaha, Nebraska. It is engaged in the insurance, freight rail transportation, and utility businesses across the world and is among the best American stocks to buy at the moment.

A Buy rating was maintained on shares of Berkshire Hathaway Inc. (NYSE:BRK-B) on August 7 by Brian Meredith, an analyst at UBS. The analyst also raised his price target on the stock from $405 to $414.

There were 109 hedge funds long Berkshire Hathaway Inc. (NYSE:BRK-B) in the second quarter. Their total stake value was $15.5 billion.

13.UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 111

As of October 16, Ben Hendrix, an analyst at RBC Capital, maintains an Outperform rating on shares of UnitedHealth Group Incorporated (NYSE:UNH). The analyst also raised his price target on the stock from $572 to $596.

UnitedHealth Group Incorporated (NYSE:UNH) is a managed healthcare company. It operates through its UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx segments. The company is based in Minnetonka, Minnesota.

A total of 111 hedge funds were long UnitedHealth Group Incorporated (NYSE:UNH) in the second quarter, with a total stake value of $10.1 billion.

Baron Funds made the following comments about UnitedHealth Group Incorporated (NYSE:UNH) in its third-quarter 2023 investor letter:

“UnitedHealth Group Incorporated (NYSE:UNH) is a diversified health and well-being company with $200 billion in revenue that operates across four segments, United Healthcare, Optum Health, OptumInsight, and OptumRX, serving 134 million individuals in all 50 states and more than 125 countries. Shares increased on a second quarter upside surprise, including an EPS beat and medical loss ratio of 82.3%, 30 basis points better than investors had feared after management’s warning of higher Medicare Advantage utilization. Investors were also reassured by management confidence that it had priced to trend, which it backed up by raising the low end of 2023 guidance. We remain positive on this market-leading managed care company with revenue twice that of its closest competitor. The company continues to gain Medicare Advantage share given attractive and stable benefits and could achieve greater profitability as medical management is deployed across newer, higher acuity lives. We believe UnitedHealth has a broad number of levers at its command and can sustainably deliver 13% to 16% annual long-term earnings growth.”

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

Number of Hedge Fund Holders: 112

We saw 112 hedge funds long Advanced Micro Devices, Inc. (NASDAQ:AMD) in the second quarter. Their total stake value was $6.9 billion.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor company that is based in Santa Clara, California. The company offers x86 microprocessors and graphics processing units alongside chipsets and embedded processors. It is one of the top American stocks to buy for the upcoming year.

Cody Acree, an analyst at Benchmark, maintained a Buy rating on Advanced Micro Devices, Inc. (NASDAQ:AMD) on August 3. The analyst also raised his price target on the stock from $108 to $145.

ARK Investment Management was the largest shareholder in Advanced Micro Devices, Inc. (NASDAQ:AMD) at the end of the second quarter, holding 266,380 shares in the company.

Here’s what Artisan Partners said about Advanced Micro Devices, Inc. (NASDAQ:AMD) in its second-quarter 2023 investor letter:

“Among our top contributors were Advanced Micro Devices, Inc. (NASDAQ:AMD), NU Holdings and Netflix. AMD’s data center CPUs are used in the cloud service provider (CSP) servers. In addition to the broader secular tailwind from cloud adoption, the company has a performance and pricing advantage over Intel, which we believe will enable it to continue capturing market share. However, the recent stock price rally was due to growing excitement around the company’s AI exposure. It will launch its new MI300 graphics processing unit (GPU) chip later this year to compete against the dominant market leader NVIDIA. Similar to its approach that won market share from Intel within the CPU market, AMD’s product will aim to provide similar performance at a more attractive price. AMD is already working with Microsoft and Meta, while Amazon publicly stated that it is evaluating AMD’s inferencing chips. Using assumptions around the total GPU market size, potential market share gains and price points, our research indicates this could be a $20 billion opportunity for AMD. That would nearly double its revenue. While the company has not historically missed many deadlines, there is execution risk as it works to manufacture and distribute these complex chips at scale, which, combined with an elevated valuation after the stock’s strong performance run, led us to trim the position.”

11. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 114

Netflix, Inc. (NASDAQ:NFLX) is a movies and entertainment company operating in the communication services sector. The company is based in Los Gatos, California, and offers TV series, documentaries, feature films, and mobile games on its platform.

Our hedge fund data shows 114 hedge funds long Netflix, Inc. (NASDAQ:NFLX) in the second quarter, with a total stake value of $8.4 billion.

Shares of Netflix, Inc. (NASDAQ:NFLX) were upgraded from Equal-Weight to Overweight on October 19 by Benjamin Swinburne, an analyst at Morgan Stanley. The analyst also raised his price target on the stock from $430 to $475.

Like Apple Inc. (NASDAQ:AAPL), Berkshire Hathaway Inc. (NYSE:BRK-B), and UnitedHealth Group Incorporated (NYSE:UNH), Netflix, Inc. (NASDAQ:NFLX) is one of the best American stocks many elite hedge funds are piling into.

10. salesforce.com, inc. (NYSE:CRM)

Number of Hedge Fund Holders: 122

A Buy rating was reiterated on shares of salesforce.com, inc. (NYSE:CRM) on October 4 by Terry Tillman, an analyst at Truist Securities. The analyst also maintained a price target of $275 on the stock.

In total, 122 hedge funds were long salesforce.com, inc. (NYSE:CRM) in the second quarter. Their total stake value was $7.2 billion.

Based in San Francisco, California, salesforce.com, inc. (NYSE:CRM) is an application software company. It provides Customer Relationship Management (CRM) technology.

9. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 135

Beech Hill Partners was the most prominent shareholder in Apple Inc. (NASDAQ:AAPL) at the end of the second quarter, holding 54,633 shares in the company.

Apple Inc. (NASDAQ:AAPL) is an information technology company based in Cupertino, California. It designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories. It is known as one of the top American stocks to buy.

An Overweight rating was maintained on shares of Apple Inc. (NASDAQ:AAPL) on October 16 by Erik Woodring, an analyst at Morgan Stanley. The analyst also placed a price target of $210 on the stock.

We saw 135 hedge funds long Apple Inc. (NASDAQ:AAPL) in the second quarter, with a total stake value of $193.9 billion.

8. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 139

Mastercard Incorporated (NYSE:MA) was seen in the 13F holdings of 139 hedge funds in the second quarter. Their total stake value was $14.7 billion.

Keybanc analyst Josh Beck maintained an Overweight rating on shares of Mastercard Incorporated (NYSE:MA) on October 18. The analyst also raised his price target on the stock from $435 to $440.

Based in Purchase, New York, Mastercard Incorporated (NYSE:MA) is a transaction and payment processing services company. It offers integrated products and value-added services for account holders, merchants, and financial institutions, alongside its transaction processing services.

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

Number of Hedge Fund Holders: 144

Holding 124,652 shares in the company, Beech Hill Partners was the largest shareholder in Uber Technologies, Inc. (NYSE:UBER) at the end of the second quarter.

Bernie McTernan, an analyst at Needham, reiterated a Buy rating on shares of Uber Technologies, Inc. (NYSE:UBER) on September 27. The analyst also maintained a price target of $60 on the stock.

Uber Technologies, Inc. (NYSE:UBER) is a passenger ground transportation company based in San Francisco, California. The company develops and operates proprietary technology applications for ridesharing services and has established itself as one of the best American stocks to buy.

In the second quarter, 144 hedge funds were long Uber Technologies, Inc. (NYSE:UBER). Their total stake value was $7.7 billion.

This is what RiverPark Advisors said about Uber Technologies, Inc. (NYSE:UBER) in its second-quarter 2023 investor letter:

“Uber Technologies, Inc. (NYSE:UBER): UBER was a top contributor for the quarter following better than expected 1Q23 earnings and 2Q23 guidance. Gross bookings of $31.4 billion were up 22% year over year. Mobility gross bookings of $15 billion grew 44% over the last year driven by a combination of product innovation and driver availability. Delivery gross bookings, also $15 billion, were up 12% from last year and accelerated through the quarter. 1Q Adjusted EBITDA of $761 million, up $593 million year over year, significantly beat management’s $660-$700 million guidance and the company generated $549 million of free cash flow versus a loss last year. Management guided to continuing growth in 2Q Gross Bookings (13%-17% growth) and Adjusted EBITDA (of $800- $850 million).

UBER remains the undisputed global leader in ride sharing, with a greater than 50% share in every major region in which it operates. The company is also a leader in food delivery, where it is number one or two in the more than 25 countries in which it operates. Moreover, after a history of losses, the company is now profitable, delivering expanding margins and substantial free cash flow. We view UBER as more than just ride sharing and food delivery, but also as a global mobility platform with the ability to sell to its 130 million users (by comparison, Amazon Prime has 200 million members) and penetrate new markets of on-demand services, such as package and grocery delivery, travel, truck brokerage (the company had $1.4 billion in Freight revenue for 1Q23), and worker staffing for shift work. Given its $4.2 billion of unrestricted cash and $5 billion of investments, the company today has an enterprise value of $84 billion, indicating that UBER trades at 20x next year’s estimated free cash flow.”

6. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 171

Visa Inc. (NYSE:V) was seen in the portfolios of 171 hedge funds in the second quarter, with a total stake value of $24.9 billion.

Visa Inc. (NYSE:V) is another transaction and payment processing services company on our list. It is based in San Francisco, California.

Oppenheimer’s Dominick Gabriele maintained an Outperform rating on shares of Visa Inc. (NYSE:V) on October 18. The analyst also raised his price target on the stock from $248 to $252.

Like Apple Inc. (NASDAQ:AAPL), Berkshire Hathaway Inc. (NYSE:BRK-B), and UnitedHealth Group Incorporated (NYSE:UNH), Visa Inc. (NYSE:V) is one of the top American stocks to buy heading into 2024.

Click to continue reading and see the 5 Best American Stocks To Buy Heading into 2024.

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

Published on June 23, 2025 at by Inan Dogan, PhD

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!

Here’s why this is a deal you can’t afford to pass up:

Access to our Detailed Report on our AI, Tariffs, and Nuclear Energy Stock with 100+% potential upside within 12 to 24 months
BONUS REPORT on our #1 AI-Robotics Stock with 10000% upside potential: Our in-depth report dives deep into our #1 AI/robotics stock’s groundbreaking technology and massive growth potential.
One New Issue of Our Premium Readership Newsletter: You will also receive one new issue per month and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.
One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149
Bonus Content: Premium access to members-only fund manager video interviews
Ad-Free Browsing: Enjoy a month of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
Lifetime Price Guarantee: Your renewal rate will always remain the same as long as your subscription is active.
30-Day Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

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!

Subscribe Now!

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!

Insider Monkey Ads

A New Dawn is Coming to U.S. Stocks

Published on June 13, 2025 at by Insider Monkey Staff

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…