Earlier on September 24, Victoria Greene, CIO at G Squared Private Wealth, appeared on a CNBC discussion. Greene addressed that Jay Powell’s comment that markets might be overvalued is akin to saying the sky is blue and water is wet, because everyone knows nothing’s cheap right now. He argued that this doesn’t mean the uptrend can’t persist. He suggested the market was reacting more to Powell saying there are dual risks out there, and no risk-free path for the Fed as they fight both inflation and a weakening labor market. When asked about his firm’s current investment plan, Greene confirmed that they are looking beyond exclusively AI and investing in the broadening of the market.
On September 22, Robert Teeter, Chief Investment Strategist at Silvercrest Asset Management, appeared on CNBC to talk about the upside for the market during the current calendar year following the Fed rate cut, and if this upside will extend into next year. Teeter identified two major catalysts currently at play. The first is the Fed rate cut, with expectations of more to come, which he believes should extend the economic cycle. The second is earnings, which have been strong last quarter, with expectations for more of the same this quarter. He noted that the earnings strength is partially built on a long-term theme around expanding margins. When advising clients on where to put money for the most upside through the end of the year, Teeter said the two areas that look particularly compelling are at opposite ends of the spectrum. The first area is large-cap tech and growth, which he expects to continue based on fundamentals due to potential for more margin expansion and some valuation support. The second area is small-cap stocks, as the market has started to see a broadening.
That being said, we’re here with a list of the 14 most undervalued large cap stocks to buy right now.
Our Methodology
We sifted through the Finviz stock screener to compile a list of large-cap stocks that were trading between $10 billion and $200 billion. From that, we shortlisted stocks that had a forward P/E ratio under 15. We then selected the 14 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 Q2 2025.
Note: All data was sourced on October 28.
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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
14 Most Undervalued Large Cap Stocks to Buy Right Now
14. Qualcomm Incorporated (NASDAQ:QCOM)
Forward P/E Ratio as of October 28: 13.95
Market Capitalization as of October 28: $196.00 billion
Number of Hedge Fund Holders: 76
Qualcomm Incorporated (NASDAQ:QCOM) is one of the most undervalued large cap stocks to buy right now. On October 27, HUMAIN, which is a PIF company, and Qualcomm announced a transformative collaboration to deploy advanced AI infrastructure in Saudi Arabia. The initiative aims to establish the Kingdom as a global hub for AI. The program will offer global AI inferencing services and is touted as the world’s first fully optimized edge-to-cloud hybrid AI solution.
HUMAIN is targeting the deployment of 200 megawatts of Qualcomm AI200 and AI250 rack solutions starting in 2026. This infrastructure is intended to deliver high-performance AI inference services both within the Kingdom of Saudi Arabia and globally for enterprises and government organizations to use AI at scale with industry-leading performance per Total Cost of Ownership.
This initiative will advance Saudi Arabia’s technology ecosystem by combining HUMAIN’s regional infrastructure and full AI stack expertise with Qualcomm Technologies’ leadership in AI and semiconductor innovation.
Qualcomm Incorporated (NASDAQ:QCOM) develops and commercializes foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies/QCT, Qualcomm Technology Licensing/QTL, and Qualcomm Strategic Initiatives/QSI.
13. United Airlines Holdings Inc. (NASDAQ:UAL)
Forward P/E Ratio as of October 28: 7.09
Market Capitalization as of October 28: $31.60 billion
Number of Hedge Fund Holders: 76
United Airlines Holdings Inc. (NASDAQ:UAL) is one of the most undervalued large cap stocks to buy right now. On October 20, TD Cowen raised the price target on United Airlines to $138 from $127 and kept a Buy rating on the shares as part of an update on the estimates following its Q3 2025 results, Q4 2025 guidance, and management’s long-term sentiment.
TD Cowen revised its outlook on the company as the divergence in the post-COVID airline industry stabilizes. United Airlines Holdings is well-positioned to benefit from its UnitedNext strategy. The strategy is an enterprise-wide plan by the company to modernize its fleet, expand its network, and improve customer experience.
Management at United Airlines Holdings projects that this strategy will lead to one percentage point of annual margin expansion through the end of the current decade. TD Cowen analysts suggested there is potential for upside to these margin expansion projections.
On the same day, JPMorgan also raised the firm’s price target on United Airlines to $156 from $149 with an Overweight rating.
United Airlines Holdings Inc. (NASDAQ:UAL), through its subsidiaries, provides air transportation services in the United States, Canada, the Atlantic, the Pacific, and Latin America.
