5 Best Inexpensive Stocks To Buy Right Now

In this piece, we will take a look at the five best inexpensive stocks to buy right now. If you want to take a look at our introduction to stock valuation, then head on over to 10 Best Inexpensive Stocks To Buy Right Now.

5. Applied Materials, Inc. (NASDAQ:AMAT)

Number of Hedge Fund Investors In Q1 2023: 84

Applied Materials, Inc. (NASDAQ:AMAT) is a backend manufacturing firm that provides products and services used to make semiconductors, displays, and other technology products. The shares are rated Buy on average but the slowdown in the chip sector will be a factor to watch out for during its upcoming earnings.

As of Q1 2023 end, 84 of the 943 hedge funds part of Insider Monkey’s database had bought a stake in Applied Materials, Inc. (NASDAQ:AMAT). David Blood and Al Gore’s Generation Investment Management is the firm’s largest shareholder courtesy of a stake worth $919 million.

4. The Charles Schwab Corporation (NYSE:SCHW)

Number of Hedge Fund Investors In Q1 2023: 87

The Charles Schwab Corporation (NYSE:SCHW) is a diversified financial services firm that provides banking, loan management, and other services. Its stock roared and gained 12% after the firm beat analyst EPS estimates during its second quarter.

After digging through 943 hedge funds for their first quarter of 2023 investments, Insider Monkey discovered that 87 had invested in the company. The Charles Schwab Corporation (NYSE:SCHW)’s biggest investor is Ken Fisher’s Fisher Asset Management since it owns $874 million worth of shares.

3. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Investors In Q1 2023: 91

Bank of America Corporation (NYSE:BAC) is one of the largest domestic banks in America. Its latest report about 401(k) balances reflected the recent troubles in the U.S. economy as the bank reported that hardship withdrawals had increased by 36% annually.

Insider Monkey’s March quarter of 2023 survey of 943 hedge funds revealed that 91 had owned Bank of America Corporation (NYSE:BAC)’s shares. Out of these, the firm’s largest stakeholder is Warren Buffett’s Berkshire Hathaway with an investment of $29.5 billion.

2. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Number of Hedge Fund Investors In Q1 2023: 102

The Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world’s largest contract chip manufacturer. The stock has been troubled these days as a slowdown in the semiconductor sector has made TSMC warn that the remainder of 2023 might prove to be tough for revenue growth.

By the end of this year’s first quarter, 102 of the 943 hedge funds part of Insider Monkey’s database had invested in the chip company. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s biggest hedge fund investor is Ken Fisher’s Fisher Asset Management since it owns a $2.3 billion stake.

1. JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Investors In Q1 2023: 112

JPMorgan Chase & Co. (NYSE:JPM) is the biggest private bank in the world in terms of assets. The bank is busy expanding its global and American presence these days, having opened new offices in India and the Carolinas lately.

112 of the 943 hedge funds part of Insider Monkey’s Q1 2023 research had held a stake in JPMorgan Chase & Co. (NYSE:JPM). Out of these, the bank’s biggest shareholder is Ken Fisher’s Fisher Asset Management with a $1 billion investment.

Disclosure: None. You can also take a look at 10 Oversold NASDAQ Stocks to Buy and 20 Worst Performing Economies in 2023.

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