Below we presented the list of 5 Best Low-Risk Stocks to Buy Right Now. For our detailed discussion and a more comprehensive list please see 14 Best Low-Risk Stocks to Buy Right Now.
At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind let’s take a look at the best low-risk stocks to buy:
5. Verizon Communications, Inc. (NYSE:VZ)
No of HFs: 65
Total Value of HF Holdings: $2.75 Billion
VZ lost 17.1% in March 2020 and ranks 5th in our list of best low-risk stocks to buy right now. The top hedge fund holder of this stock is D.E Shaw’s DE Shaw which had $439 million invested in the stock at the end of September. An insider recently purchased 18.839 shares at around $53 in February 2020. The stock is up 3% since then. Mott Capital mentioned VZ in its Q4 2019 investor letter:
“Verizon (VZ) rose by 1.7% in the fourth quarter and by 9.2% for the year. Verizon is another company that should benefit as wireless subscribers upgrade their data plans from 4G to 5G. Additionally, the roll-out of 5G and the technology changes that it is likely to usher in will make having wireless data connections in the future more important than today. Again, Verizon appears to be a critical player in 5G and will continue to hold a place in the portfolio.”