5 Best Blue Chip Stocks To Buy Today

3. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 184

Meta Platforms, Inc. (NASDAQ:META) has fallen 73% year to date as the market has not liked the company’s huge bet on the metaverse. Meta Platforms, Inc. (NASDAQ:META) also faces an ad recession given the macro headwinds. Nevertheless, Meta Platforms, Inc. (NASDAQ:META) has high quality earnings potential and the company trades at a forward P/E ratio of 11.1.