5 Best Stocks To Buy For The Rest of 2021

4. Thermo Fisher Scientific Inc. (NYSE:TMO)

Number of Hedge Fund Holders: 87 

Thermo Fisher Scientific Inc. (NYSE:TMO) is an American company that provides scientific instruments and consumables to its consumers and also provides services in laboratories and clinics. The company has headquarters in Massachusetts, U.S. With 5 years of consistent dividend growth, Thermo Fisher Scientific Inc. (NYSE:TMO) remains one of the best stocks to buy for the rest of 2021. 

Recently, Goldman Sachs upgraded Thermo Fisher Scientific Inc. (NYSE:TMO) to ‘Conviction Buy’, while its price target to $690. The firm’s analyst Matthew Sykes noted the company’s growth in key markets and believes that it can hit single-digit growth in the coming quarters.

In Q3 2021, Thermo Fisher Scientific Inc. (NYSE:TMO) posted an EPS of $5.76, beating the estimates by $1.06. Due to the strong results, the company lifted its FY21 revenue guidance by $300 million to $35.9 billion, versus the estimates of $35.65 billion.

As of Q2 2021, 87 hedge funds tracked by Insider Monkey have positions in Thermo Fisher Scientific Inc. (NYSE:TMO), up from 79 in the previous quarter. The total value of these stakes is over $7.39 billion. 

ClearBridge Investments released its second-quarter 2021 investor letter and mentioned Thermo Fisher Scientific Inc. (NYSE:TMO) in it. Here is what the firm has to say: 

“Two additional names in the health care sector in the quarter, partially funded with a sale, made strong contributions and helped push our relative exposure to the sector from underweight to overweight. We added Thermo Fisher Scientific to increase our exposure to health care tools, which has been an attractive and core segment within health care. Thermo Fisher’s instruments are used to monitor and protect air, water, and food quality, and the company has strong long-term fundamentals, a top-tier management team and a diversified business.”