In this article, we will look at the 5 most buzzing stocks to buy now. If you want to explore similar stocks that have been ‘buzzing’ lately, you can read 10 Most Buzzing Stocks to Buy Now.
5. Itaú Unibanco Holding S.A. (NYSE:ITUB)
Volume as of September 28: 62.4 Million
Average Volume (3-Month): 41 Million
Number of Hedge Fund Holders: 11
Itaú Unibanco Holding S.A. (NYSE:ITUB) is a Brazilian bank with operations in over 18 countries. The stock has been buzzing and as of September 28, Itaú Unibanco Holding S.A. (NYSE:ITUB) has an intraday volume of 62.4 million and an average 3-month volume of 41 million. On September 28, Goldman Sachs analyst Tito Labarta upgraded Itaú Unibanco Holding S.A. (NYSE:ITUB) to Buy from Neutral and raised his price target to $7 from $5.40. The analyst likes the company’s “resilient” asset quality, diversified operations, and “superior” profitability.
On August 8, Itaú Unibanco Holding S.A. (NYSE:ITUB) announced earnings for the fiscal second quarter of 2022. The company reported earnings per share of $0.15 and generated a revenue of $6.89 billion, up 16.26% year over year and ahead of estimates by $804.6 million. As of September 28, the stock has gained 37.5% year to date.
At the end of the second quarter of 2022, 11 hedge funds held stakes in Itaú Unibanco Holding S.A. (NYSE:ITUB). The total value of these stakes amounted to $397.5 million. As of June 30, Orbis Investment Management is the largest shareholder in Itaú Unibanco Holding S.A. (NYSE:ITUB) and has stakes worth $127.7 million in the company.
4. Carnival Corporation & plc (NYSE:CCL)
Volume as of September 28: 64.5 Million
Average Volume (3-Month): 52.95 Million
Number of Hedge Fund Holders: 24
Carnival Corporation & plc (NYSE:CCL) is a British-American leisure travel company. Though the stock is buzzing on Wall Street, analysts are bearish on the company’s outlook as they see a drop in consumer spending amid recession fears. Over the past 3 months, Carnival Corporation & plc (NYSE:CCL) has received 1 Buy, 1 Hold, and 3 Sell ratings.
This July, Stifel analyst Steven Wieczynski reiterated his Buy rating a $20 price target on Carnival Corporation & plc (NYSE:CCL). On September 20, Truist analyst Patrick Scholes raised his price target on Carnival Corporation & plc (NYSE:CCL) to $10 from $8 but reiterated a Sell rating on the shares.
At the end of Q2 2022, 24 hedge funds were long Carnival Corporation & plc (NYSE:CCL) and held stakes worth $134 million in the company. As of June 30, PEAK6 Capital Management owns more than 2.6 million shares of Carnival Corporation & plc (NYSE:CCL) and is the largest investor in the company.
Here is what Miller Value Partners had to say about Carnival Corporation & plc (NYSE:CCL) in its second-quarter 2022 investor letter:
“Amazingly, some companies like Carnival Corporation & plc (NYSE:CCL) (CCL, which we don’t own) made it back to its March 2020 lows when business was shut down with no sign of return. Carnival already resumed positive operating cash flow generation and disclosed stronger than historical bookings for 2023 at higher prices. The market focused on fear of recession and refinancing risk posed by higher rates.”
3. Ford Motor Company (NYSE:F)
Volume as of September 28: 71.25 Million
Average Volume (3-Month): 67 Million
Number of Hedge Fund Holders: 46
On September 9, BofA analyst John Murphy revised his price target on Ford Motor Company (NYSE:F) to $28 from $32 and maintained a Buy rating on the shares. On September 20, Morgan Stanley analyst Adam Jonas reiterated his $14 price target and Equal Weight rating on Ford Motor Company (NYSE:F). Over the past 3 months, the stock has received 4 Buy and 9 Hold ratings from Wall Street analysts and has an average target of $15.74, which represents a 35% upside from current levels.
Ford Motor Company (NYSE:F) is trading at bargain levels and is also one of the best buzzing stocks on Wall Street. As of September 28, the stock is trading at a PE multiple of 4x and has a 3-month average volume of 67 million, and an intraday volume of 71.25 million. The company is also paying a hefty dividend to investors and is offering a forward dividend yield of 4.8% which it supports with cash flows of roughly $6 billion, as of September 28.
Insider Monkey spotted Ford Motor Company (NYSE:F) on 46 hedge fund portfolios. The total stakes of these funds amounted to $608 million. As of June 30, D E Shaw is the dominating shareholder in Ford Motor Company (NYSE:F) and has stakes worth $257.6 million in the company.
Here is what Baron Funds had to say about Ford Motor Company (NYSE:F) in its first-quarter 2022 investor letter:
“Ford (NYSE:F) is another example of typical industrial manufacturing business executive mindsets. The April 18, 2022, Bloomberg Businessweek cover story features Ford CEO Jim Farley behind the wheel of an electrified Ford F-150 Lightning. The article is titled, “Hey Elon, THIS is a truck.” I thought the article was terrific. One idea especially stood out to me. Since the F-150 is such a popular vehicle, it “argued for a gradual approach to electrification. Essentially the company retrofitted an existing F-150 with an electric powertrain rather than develop an entirely new truck.” No all-in financial and operation bet by this company on electrification.”
2. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Volume as of September 28: 72.3 Million
Average Volume (3-Month): 79.8 Million
Number of Hedge Fund Holders: 87
On August 2, Advanced Micro Devices, Inc. (NASDAQ:AMD) announced earnings for the fiscal second quarter of 2022. The company reported earnings per share of $1.05 and outperformed expectations by $0.01. The company generated a revenue of $6.55 billion, up 70% year over year, and beat Wall Street expectations by $20.78 million.
Wall Street is bullish on Advanced Micro Devices, Inc. (NASDAQ:AMD) and the stock is among the best buzzing stocks to buy now. Shortly after the company’s earnings release, KGI Securities analyst Christine Wang upgraded Advanced Micro Devices, Inc. (NASDAQ:AMD) to a buy-side Outperform from Neutral and reiterated her $125 price target on the shares. On September 7, Stifel analyst Ruben Roy started coverage of Advanced Micro Devices, Inc. (NASDAQ:AMD) with a Buy rating and a $122 price target. As of September 28, Advanced Micro Devices, Inc. (NASDAQ:AMD) has an intraday trading volume of 72.3 million and a 3-month average volume of 79.8 million.
At the close of Q2 2022, 87 hedge funds disclosed ownership of stakes in Advanced Micro Devices, Inc. (NASDAQ:AMD). The collective stakes of these hedge funds amounted to $4.84 billion. As of June 30, Fisher Asset Management is the most prominent investor in Advanced Micro Devices, Inc. (NASDAQ:AMD) and has stakes worth $1.92 billion in the company. The investment covers 1.36% of Ken Fisher’s 13F portfolio.
Here is what Baron Funds had to say about Advanced Micro Devices, Inc. (NASDAQ:AMD) in its second-quarter 2022 investor letter:
“Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global fabless semiconductor company focusing on high-performance computing technology, software, and products. AMD designs leading high-performance central and graphics processing units (known as CPUs and GPUs) and integrates them with hardware and software to build differentiated solutions for customers.
AMD has been gaining meaningful share in personal computing and server end markets over the past several years driven by the performance of its processors and technology and strong execution against its technology roadmap, and we believe share gains will continue over the coming years from a combination of AMD’s continued advancements and Intel’s stumbles in developing its leading-edge technology.
Additionally, the recently closed acquisitions of Xilinx and Pensando enhance AMD’s positioning within the data center, a key growth engine for the semiconductor industry, and Xilinx specifically opens up several new growth opportunities in new end markets like industrial, automotive, and communications. The company also generates significant cash flow, giving it capital allocation optionality for further M&A and returning capital to shareholders.”
1. Apple Inc. (NASDAQ:AAPL)
Volume as of September 28: 146.4 Million
Average Volume (3-Month): 77.5 Million
Number of Hedge Fund Holders: 128
Apple Inc. (NASDAQ:AAPL) is the best buzzing stock on Wall Street to buy right now, having an intraday trading volume of 146.4 million, as of September 28, and an average 3-month volume of 77.5 million. Over the past 3 months, the stock has received 23 Buy and 4 Hold ratings from Wall Street analysts and has a median price target of $184, which implies a 29% upside from current levels.
On September 27, KeyBanc analyst Brandon Nispel maintained his buy-side Overweight rating and $185 price target on Apple Inc. (NASDAQ:AAPL). On September 28, UBS analyst David Vogt reiterated his $185 price target and Buy rating on Apple Inc. (NASDAQ:AAPL). Vogt noted that according to UBS Evidence Lab data suggests a “solid picture of demand” for the iPhone despite the “cross currents”.
At the end of Q2 2022, 128 hedge funds held stakes in Apple Inc. (NASDAQ:AAPL). The total value of these stakes amounted to $143 billion. As of June 30, Berkshire Hathaway owns more than 894 million shares of Apple Inc. (NASDAQ:AAPL) and is the largest investor in the company. The investment covers 40.76% of Warren Buffett’s 13F portfolio.
Here is what Distillate Capital Partners LLC had to say about Apple Inc. (NASDAQ:AAPL) in its second-quarter 2022 investor letter:
“Apple was largest new purchase in the quarter, at a 2% weight. Apple underperformed the overall market last quarter, and given very minimal debt, this price weakness translated into a commensurate fall in its enterprise value. For stocks with higher debt levels, it takes a disproportionately bigger market cap drop to achieve the same valuation improvement and this is a key reason we avoid highly leveraged names where significant price weakness can be experienced during a revaluation process. Alongside this decline in EV for Apple, its estimated free cash flows have risen steadily throughout the year. This contrast between a falling enterprise value and rising free cash flow, which is highlighted in Figure 12, made the stock sufficiently better valued such that it entered the portfolio. While Apple’s valuation is now attractive enough to warrant inclusion in the portfolio, it still ranks in the bottom quartile of the portfolio’s holdings and so the stock’s initiating weight is capped at a 2%. This contrasts significantly with Apple’s near-7% position in the S&P 500 benchmark, and reflects both our preference to avoid too much concentration risk as well our goal of ensuring that the overall portfolio valuation is as attractive as possible while balancing characteristics of stability and low indebtedness.”
You can also take a look at 10 Best Most Active Stocks To Buy Now and 10 Best Dividend Growth Stocks.
