5 Best Money-Making Stocks to Buy Now

In this article, we discuss the 5 best money-making stocks to buy now. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Money-Making Stocks to Buy Now.

5. Equitable Holdings, Inc. (NYSE:EQH)

Number of Hedge Funds: 46

Total Value of Hedge Fund Holdings: $1,704,423,000

1-Year Forward Dividend Yield: 2.25%

Equitable Holdings, Inc. (NYSE:EQH) is a financial services and insurance company based out of New York. The company has over 12,000 employees and assets under management of over $871 billion through its five million customers around the world. Equitable Holdings, Inc. (NYSE:EQH) announced a Q4 dividend per share of 18 cents that is payable on December 6 to all the shareholders on record until the close of trading on November 29.

In a research note issued on December 2, Alex Scott at Goldman Sachs initiated coverage on Equitable Holdings, Inc. (NYSE:EQH) with a Conviction Buy rating and a target price of $52. This provides investors an opportunity to realize a potential upside of over 66% from the prevailing stock price as of December 29. Equitable Holdings, Inc. (NYSE:EQH) has been increasing its annual dividend for three consecutive years.

The analyst foresees the company’s net investment income reallocation and reduction in expenses to play in its favor. Scott also thinks that in the past few years, Equitable Holdings, Inc. (NYSE:EQH) has made the right decisions related to risk management that will put it in a better position to face the changing accounting practices and regulatory environment as opposed to its competitors.