5 Best Fundamental Stocks To Buy

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

Number of Hedge Fund Holders: 184

Meta Platforms, Inc. (NASDAQ:META) is a leading social media company with leading apps such as Facebook, Instagram, and WhatsApp. The company also is investing heavily in its Reality Labs segment which provides augmented and virtual reality metaverse related products. Although the metaverse has a lot of potential, Meta Platforms, Inc. (NASDAQ:META)’s current metaverse app, Horizon Worlds, still has some quality issues according to Verge.

Meta Platforms, Inc. (NASDAQ:META) is also facing substantial competition from TikTok. Nevertheless, Meta Platforms, Inc. (NASDAQ:META) still among the top stocks among our 10 Best Fundamental Stocks To Buy given its earnings potential and its forward P/E of 12.3.

184 hedge funds we track were long Meta Platforms, Inc. (NASDAQ:META) at the end of Q2. Renaissance Technologies owned almost 5.5 million shares at the end of the second quarter.