5 Best Stocks to Buy for Good Returns

In this piece, we will take a look at the five best stocks to buy for good returns. If you want to learn more about long term investing and stock selection then check out 11 Best Stocks to Buy for Good Returns.

5. Chevron Corporation (NYSE:CVX)

Berkshire Hathaway’s Q3 2023 Investment Value: $14.5 billion

Number of Q3 2023 Hedge Fund Investors: 72

Chevron Corporation (NYSE:CVX) is an oil and gas giant. It appears to be quite an attractive value stock when we consider its average analyst share price target. The target is $181 and it prices in a $36 upside to the shares. The stock is also rated Buy on average.

By September 2023 end, 72 out of the 910 hedge funds profiled by Insider Monkey had bought and owned Chevron Corporation (NYSE:CVX)’s shares. Warren Buffett’s Berkshire Hathaway naturally owns the largest stake among these which is worth $14.5 billion.

4. The Coca-Cola Company (NYSE:KO)

Berkshire Hathaway’s Q3 2023 Investment Value: $22.3 billion

Number of Q3 2023 Hedge Fund Investors: 57

The Coca-Cola Company (NYSE:KO) is a multinational food and beverages company that is one of Warren Buffett’s oldest stock picks. Despite having one of the most well known carbonated beverages in the world, The Coca-Cola Company (NYSE:KO) is busy expanding its product portfolio and is now adding ready to drink tea into the mix.

By the end of this year’s third quarter, 57 out of the 910 hedge funds polled by Insider Monkey had invested in the company. The Coca-Cola Company (NYSE:KO)’s biggest hedge fund investor is Warren Buffett’s Berkshire Hathaway through its $22.3 billion investment.

3. American Express Company (NYSE:AXP)

Berkshire Hathaway’s Q3 2023 Investment Value: $22.6 billion

Number of Q3 2023 Hedge Fund Investors: 74

American Express Company (NYSE:AXP) is a classic Warren Buffett stock and one that he has been dabbling with for decades now. The firm’s financial performance has been less stellar as of late, as it has beaten analyst EPS estimates in only two out of its four latest quarters.

During Q3 2023, 74 out of the 910 hedge funds surveyed by Insider Monkey had bought and owned American Express Company (NYSE:AXP)’s shares. Warren Buffett’s Berkshire Hathaway was the largest shareholder out of these since it owns $22.6 billion worth of shares.

2. Bank of America Corporation (NYSE:BAC)

Berkshire Hathaway’s Q3 2023 Investment Value: $28.2 billion

Number of Q3 2023 Hedge Fund Investors: 88

Bank of America Corporation (NYSE:BAC) is one of America’s largest banks. The bank’s research division was out with an important stock market report in November 2023 where it shared that fund flow in equities was the highest since February 2022 as the economic climate shifts to expecting lower rates.

As of September 2023, 88 out of the 910 hedge funds tracked by Insider Monkey were the firm’s shareholders. Bank of America Corporation (NYSE:BAC)’s biggest investor among these was Warren Buffett’s Berkshire Hathaway since it owned 1 billion shares that are worth $28.2 billion.

1. Apple Inc. (NASDAQ:AAPL)

Berkshire Hathaway’s Q3 2023 Investment Value: $156 billion

Number of Q3 2023 Hedge Fund Investors: 134

Apple Inc. (NASDAQ:AAPL) is the biggest consumer technology and personal computing firm in the world. The firm is facing a bit of trouble in the retail segment these days after its iPhone sales in China failed to impress during a holiday.

During Q3 2023, 134 out of the 910 hedge funds profiled by Insider Monkey had bought and owned Apple Inc. (NASDAQ:AAPL)’s shares. Warren Buffett’s Berkshire Hathaway is the biggest shareholder due to its massive $154 billion stake.

Disclosure: None. You can also take a look at Citadel Stock Holdings: 12 Biggest Energy Stocks and 13 Stocks Insiders are Buying Now.

Follow Insider Monkey on Twitter