5 Best Growth Stocks To Invest In For the Next 5 Years

In this article, we discuss the 5 best growth stocks to invest in for the next 5 years. If you want to review our discussion on the stock market landscape, head over to the 13 Best Growth Stocks To Invest In For the Next 5 Years.

5. Merck & Co., Inc. (NYSE:MRK)

P/E Ratio: 961.50

Quarterly Revenue Growth: 13.82%

Number of Hedge Fund Holders: 98

Merck & Co., Inc. (NYSE:MRK), an esteemed American multinational pharmaceutical giant headquartered in Rahway, New Jersey, boasts a storied legacy dating back to the Merck Group’s inception in Germany in 1668. Serving as the American branch, the company operates under the name Merck Sharp & Dohme (MSD) outside the United States and Canada, maintaining a prominent position within the pharmaceutical landscape. Its core pursuits encompass the development of pharmaceuticals, vaccines, biologic therapies, and animal health products.

In the fourth quarter of 2023, Insider Monkey’s tracking of hedge fund activity revealed that 98 out of the 933 surveyed hedge funds held shares of Merck & Co., Inc. (NYSE:MRK). Notably, among these investors, Ken Fisher’s Fisher Asset Management emerged as the foremost shareholder in the company, boasting holdings valued at $1.4 billion.