5 Best Stocks To Invest In Right Now

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In this article, we discuss 5 best stocks to invest in right now. If you want to see some more stocks in this list, click 15 Best Stocks To Invest In Right Now

5. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 153

Alphabet Inc. (NASDAQ:GOOG), the American technology giant, reported on September 12 that its $5.4 billion acquisition of the cybersecurity firm Mandiant is officially concluded. The Mandiant acquisition will enable Alphabet Inc. (NASDAQ:GOOG) to offer cyber safety to its clients at every stage of the security lifecycle. 

On August 3, Tigress Financial analyst Ivan Feinseth raised the price target on Alphabet Inc. (NASDAQ:GOOG) to $186 from $183 and assigned a Strong Buy rating to the shares, citing his view that the Q2 results highlight the resiliency of its core business in Cloud and Search. The investments in AI attest to the strength of the business and the long-term growth potential. 

Alphabet Inc. (NASDAQ:GOOG) is one of the best stocks to invest in right now. It is a favorite stock of elite hedge funds. Our Q2 2022 database found Alphabet Inc. (NASDAQ:GOOG) in 153 hedge fund portfolios, with combined stakes exceeding $22 billion. Chris Hohn’s TCI Fund Management is a prominent position holder in the company, with roughly 2.5 million shares worth $5.4 billion. 

Here is what Baron Durable Advantage Fund has to say about Alphabet Inc. (NASDAQ:GOOG) in its Q2 2022 investor letter:

“Alphabet Inc. is the parent company of Google, the world’s largest search and online advertising company. Shares of Alphabet declined 21.6% in the quarter due to concerns about slower global growth impacting the company’s core advertising business. We retain conviction in Alphabet’s merits as it continues to benefit from growth in mobile and online video advertising, which accrues to its core assets of search, YouTube, and the Google ad network. We are further encouraged by Alphabet’s investments in Cloud, AI, and Autonomous Driving (through its Waymo subsidiary).”

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