5 Best Hot Stocks To Buy Now

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This article presents an overview of the 5 Best Hot Stocks To Buy Now. For a detailed overview, read 14 Best Hot Stocks To Buy Now.

5. Alphabet Inc Class C (NASDAQ:GOOG)

Number of Hedge Fund Investors: 163

Alphabet Inc Class C (NASDAQ:GOOG) has been trading a lot of hands lately, with an average trading volume over the past three months coming in at over 22 million. The stock is in the limelight after The Information reported Alphabet Inc Class C (NASDAQ:GOOG) is mulling a major restructuring of its ads sales unit as it plans to expand automation.

A total of 163 hedge funds had stakes in Alphabet Inc Class C (NASDAQ:GOOG) as of the end of the third quarter of 2023.

Diamond Hill Long-Short Fund made the following comment about Alphabet Inc. (NASDAQ:GOOG) in its Q3 2023 investor letter:

“On an individual holdings’ basis, top contributors to return in Q3 included long positions in KKR, Ciena Corporation and Alphabet. Shares of media and technology company Alphabet Inc. (NASDAQ:GOOG) rose in the quarter as its advertising and cloud businesses remain robust and the company delivered results ahead of market expectations. From a sector perspective, communication services also managed a positive Q3 (2%), riding the ongoing wave of positive mega-cap stocks’ performance, like Alphabet.”

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