5 Best Stocks to Buy According to Don Morgan’s Brigade Capital

3. Noble Corporation (NYSE:NE)

Brigade Capital’s Stake Value: $17,118,000

Percentage of  Brigade Capital’s 13F portfolio: 1.91%

Number of  Hedge Fund Holders: 31

Noble Corporation (NYSE:NE) is an offshore drilling company headquartered in London, England. As of February 16, 2022, it operated a fleet of 20 offshore drilling units, comprising 12 floaters and 8 jackups. In Q2 2022, Brigade Capital held 675,270 shares of Noble Corporation (NYSE:NE) worth over $17.12 million, representing 1.91% of its portfolio.

DNB Markets analyst Martin Huseby Karlsen on July 6 boosted his price objective on Noble Corporation (NYSE:NE) to $49 from $43 and maintained the stock’s Buy rating.

Among the hedge funds tracked by Insider Monkey, 31 funds were long Carvana Co. (NYSE:CVNA) at the end of Q2 2022, with combined stakes worth $457 million.