5 Best Strong Buy Stocks to Invest In

4. The Estée Lauder Companies Inc. (NYSE:EL)

Number of Hedge Fund Holders: 46

The Estée Lauder Companies Inc. (NYSE:EL) manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It is one of the top strong buy stocks to invest in. On August 1, The Estee Lauder Companies announced that it was in talks to buy Tom Ford, a luxury fashion house, and the deal could be worth $3 billion. This would be the largest acquisition deal for Estee Lauder.  

On October 20, Analyst Raymond James maintained a Strong Buy rating on Estée Lauder Companies (NYSE:EL) stock and lowered the price target from $320 to $280.

Among the hedge funds being tracked by Insider Monkey, Washington-based firm Bailard Inc. is a leading shareholder in The Estée Lauder Companies Inc. (NYSE:EL) with 14,458 shares worth more than $3.1 million. 

In its Q3 2021 investor letter, Harding Loevner, an asset management firm, highlighted a few stocks and The Estée Lauder Companies Inc. (NYSE:EL) was one of them. Here is what the fund said:

“We sold cosmetic producer The Estée Lauder Companies Inc. (NYSE:EL), which we bought last March. At the time, the market reflected a dire outlook for retail demand, especially tourist-related; however, we found its Chinese business attractive and admired its agility across social media and other digital channels. As the stock has appreciated, the resulting valuation now leaves no room for error, such as a potential shift of Chinese consumers’ tastes away from US brands.”