5 Best Day Trading Stocks To Buy

3. Halliburton Company (NYSE:HAL)

Number of Hedge Fund Shareholders: 4

Average 3-Month Daily Volume: 10.1 million

5-Year Monthly Beta: 2.1

Oilfield services company Halliburton Company (NYSE:HAL) has been one of the biggest beneficiaries this year of a tapped out U.S. fracking market, which has the company poised to deliver strong profits, free cash flow, and growing margins for the foreseeable future. The company has already been able to pay down some of its debt this year while also more than doubling its dividend payouts.

For day traders, Halliburton Company (NYSE:HAL) makes for a compelling stock even during a potential prolonged upswing due to the ever-present volatility that oil prices provide, as well as the longer-term trend away from fossil fuels and towards clean energy, which will lie in weight to pounce on broader investor sentiment at any time.

The smart money has finally taken some interest in Halliburton Company (NYSE:HAL) again after several quarters of record low ownership. There was nearly a 50% jump in the number of shareholders long HAL during Q4 2021, which has been maintained over the following two quarters. Richard S. Pzena’s Pzena Investment Management has unloaded sizable portions of its HAL holding over each of the last two quarters to take advantage of the stock’s rise, but nonetheless maintained the largest long position in our database as of June 30, owning 16.7 million shares.