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5 Best S&P 500 Stocks That Don’t Pay Dividends

In this article, we will be taking a look at the 5 best S&P 500 stocks that don’t pay dividends. To read our detailed analysis of these stocks and the performance of the S&P 500 so far this year, you can go directly to see the 15 Best S&P 500 Stocks That Don’t Pay Dividends.

5. salesforce.com, inc. (NYSE:CRM)

Number of Hedge Fund Holders: 117

salesforce.com, inc. (NYSE:CRM) is an application software company. It provides customer relationship management technology bringing companies and customers together globally.

Raymond James’ Brian Peterson reiterated a Strong Buy rating on salesforce.com, inc. (NYSE:CRM) on December 1.

It is expected that salesforce.com, inc. (NYSE:CRM) will see revenue growth of 17% in the fourth quarter. The company has a solid balance sheet with $6.4 billion in net cash. Deferred revenue growth in the third quarter stood at 11%.

In total, 117 hedge funds were long salesforce.com, inc. (NYSE:CRM) in the third quarter, with a total stake value of $8.2 billion.

Aristotle Atlantic Partners, LLC, an investment advisor, mentioned salesforce.com, inc. (NYSE:CRM) in its third-quarter 2022 investor letter. Here’s what the firm said:

“We sold Salesforce, Inc. (NYSE:CRM) to reduce our weighting in the Information Technology sector. Salesforce held their investor day, and the company reiterated their organic Fiscal Year 2026 revenue target of $50 billion. This target remains more back-end loaded based on current slowing macroeconomic conditions and requires new annual contract growth well ahead of what the company has been averaging for the past few years. We are skeptical that the company will be able to achieve this revenue target organically and see Merger & Acquisitions (M&A) being key to achieving the growth. While we believe Salesforce has shown good success in growing its non-CRM clouds, we do see more competitive pressures emerging for the Marketing and Customer Service Clouds, specifically on the pricing side during a global economic slowdown.”

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4. Paypal Holdings, Inc. (NASDAQ:PYPL)

Number of Hedge Fund Holders: 126

Paypal Holdings, Inc. (NASDAQ:PYPL) is a technology platform operator enabling digital payments. The company is based in San Jose, California.

An Outperform rating was reiterated on Paypal Holdings, Inc. (NASDAQ:PYPL) on November 7 by James Fotheringham at BMO Capital.

Until this November, Paypal Holdings, Inc. (NASDAQ:PYPL) had returned about 24% between then and the preceding four months, which is a strong return for that period. The company also outperformed the S&P 500, which only increased by about 3.5% in that time.

Out of 920 funds tracked in the third quarter, 126 funds were long Paypal Holdings, Inc. (NASDAQ:PYPL). Their total stake value was $6.8 billion.

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3. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 156

Alphabet Inc. (NASDAQ:GOOG) is a communication services company. It operates through its Google Services, Google Cloud, and Other Bets segments.

Societe Generale’s Christophe Cherblanc holds a Buy rating on Alphabet Inc. (NASDAQ:GOOG) shares as of November 30.

Alphabet Inc.’s (NASDAQ:GOOG) cloud service segment is representing rapid growth this year. It contributes about 10% of the company’s total revenue, and in the third quarter, the segment’s revenue increased by 37.6% year-over-year. Analysts expect the company to maintain high revenue growth rates with a CAGR of 32% per year over the next few years.

Our hedge fund data shows 156 companies long Alphabet Inc. (NASDAQ:GOOG) in the third quarter, with a total stake value of $19.3 billion.

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2. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 177

Meta Platforms, Inc. (NASDAQ:META) is another communication services company on our list. It offers a range of social media applications and connectivity products and services.

Brian Nowak at Morgan Stanley holds an Equal Weight rating on Meta Platforms, Inc. (NASDAQ:META) shares as of November 15.

Meta Platforms, Inc. (NASDAQ:META) has recently begun profiting immensely off of advertisement revenues. In the second quarter, the annualized revenue run rate for Instagram Reels ads crossed $1 billion. The company also has a Click-to-Message product on its apps allowing businesses to establish direct contact with their customers, which now creates $9 billion in annual run rate revenue as of this year.

Meta Platforms, Inc. (NASDAQ:META) was found among the 13F holdings of 177 funds in the third quarter. Their total stake value was $14.2 billion.

ClearBridge Investments, an investment management company, mentioned Meta Platforms, Inc. (NASDAQ:META) in its third-quarter 2022 investor letter. Here’s what the firm said:

“We initiated a new position in Meta Platforms, Inc. (NASDAQ:META), in the communication services sector, which operates the Facebook and Instagram social media platforms and is a leading digital advertising provider. We have been carefully watching the company over the last few quarters and believe headwinds from lower monetizing in Facebook and Instagram Reels and pressures from consumer privacy measures are poised to lessen. We believe the company has begun to fully acclimate to this new environment, will achieve greater effectiveness in Reels monetization and find ways to adapt to new privacy standards which will rebound advertising efficiency. Combined with a greater focus on cost control, we believe these initiatives will help contribute to further margin expansion and leave the company well-positioned moving forward.”

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1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 269

Amazon.com, Inc. (NASDAQ:AMZN) is an internet and direct marketing retail company. It is based in Seattle, Washington.

An Outperform rating was reiterated on Amazon.com, Inc. (NASDAQ:AMZN) by Nicholas Jones at JMP Securities on November 30.

Analysts expect Amazon.com, Inc. (NASDAQ:AMZN) shares to rise by 69% from current levels in 2023. Its Amazon Web Services cloud business shows strength, with AWS commitments rising by 57% year-on-year in the third quarter.

There were 269 hedge funds long Amazon.com, Inc. (NASDAQ:AMZN) in the third quarter, with a total stake value of $34.6 billion.

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See also 11 Best Gas Stocks To Buy and 10 Best 5% Dividend Stocks To Buy

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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Trust me — you’ll want to read this report before putting another dollar into any tech stock.

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Buy This $3 Stock Now Before the 400% Surge Begins

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

My name is Inan Dogan. I’m the co-founder and Research Director of Insider Monkey. I have an important message for you today.

Since March 2017, my stock picks have returned 16.5% annually. Today, I’ve found an opportunity even bigger than my British American Tobacco call.

Two years ago, Wall Street wrote off British American Tobacco (BTI) as a “melting ice cube.” The stock had crashed 40% from its peak, and consensus said the business was dying.

We looked under the cover and realized they were wrong.

We alerted our subscribers, and BTI returned 90% in just 16 months.

Now if you had invested just $10,000 in BTI in June 2024, you’d be sitting on $19,000 in October 2025.

Today, we have identified a nearly identical pattern in a digital-first giant trading at $3.

While the market panics over a surface-level revenue decline, our PhD-led research shows management has actually surgically cut $100 million in waste to focus on high-margin growth.

This pattern is a hallmark of our 16.5% annual return track record. The current opportunity offers a 400% upside potential—dwarfing even our 90% BTI return.

Get the ticker for our new “Underdog” pick and the full BTI case study for just 99 cents.

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