5 Best New Stocks to Buy Now

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In this article, we discuss the 5 best new stocks to buy now. If you want to read through our detailed analysis of the best new stocks, go directly to 10 Best New Stocks to Buy 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, here are the 5 best new stocks to buy now:

5. Vontier Corporation (NYSE:VNT)

No of HFs: 36

Total Value of HF Holdings: $590 Million

The worldwide industrial technology company Vontier Corporation ranks 7th in our list of best new stocks to buy now. The company provides services that focus on environmental sensors, fueling equipment, vehicle tracking, fleet management software solutions, and workflow software. As of March 1, VNT shares trade at $31. At the end of the fourth quarter, 36 hedge funds tracked by Insider Monkey held stakes in Vontier Corporation. During the fourth quarter of 2020, the company reported net earnings of $136.8 million, adjusted net earnings of $147.4 million, diluted net earnings per share of $0.81, and adjusted diluted net earnings per share of $0.87. The company also reported a 9.6% year-over-year jump in revenue.

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