In this article, we discuss the 5 best US stocks to buy now. If you want to read our detailed analysis of these companies, go directly to the 10 Best US Stocks to Buy Now.
5. Uber Technologies, Inc. (NYSE: UBER)
Number of Hedge Fund Holders: 130
Uber Technologies, Inc. (NYSE: UBER) is a California-based technology firm founded in 2009. It is ranked fifth on our list of 10 best US stocks to buy now. Uber stock has returned more than 40% to investors in the past year. Uber has stakes in a wide array of businesses, including ride-hailing, food delivery, autonomous driving vehicles, and others. The firm operates in tens of countries around the world. The ride hailing segment of the firm registered a huge slump in revenue in 2020 because of the COVID-19 pandemic.
In earnings results for the first quarter of 2021, posted earlier in May, Uber Technologies, Inc. (NYSE: UBER) reported earnings per share of -$0.06, beating market predictions by $0.49. The revenue for the period was $2.9 billion.