5 Most Buzzing Stocks To Buy Now

4. The Charles Schwab Corporation (NYSE:SCHW)

Volume as of March 15: 86.53 million

Average Volume (3-Month): 15.23 million

Number of Hedge Fund Holders: 74

On March 15, The Charles Schwab Corporation (NYSE:SCHW) disclosed in a regulatory filing that the company’s director Stephen Ellis bought $2 million worth of shares of the company’s common stock. The stock is buzzing and, as of March 15, has an intraday trading volume of 86.53 million.

This March, Piper Sandler updated its price target on The Charles Schwab Corporation (NYSE:SCHW) to $95 from $100 and maintained an Overweight rating on the shares. The stock is placed fourth on our list of the most buzzing stocks to buy now according to analysts and hedge funds.

At the close of Q4 2022, 74 hedge funds were eager on The Charles Schwab Corporation (NYSE:SCHW) and held positions worth $8.18 billion in the company. This is compared to 75 hedge funds in the previous quarter with stakes worth $7.36 billion. As of December 31, GQG Partners is the top stockholder in the company and has a position worth $1.44 billion.

Here is what Ron Baron’s Baron Funds had to say about The Charles Schwab Corporation (NYSE:SCHW) in its Q4 2022 investor letter:

“Shares of online brokerage firm The Charles Schwab Corporation (NYSE:SCHW) rose in the quarter on rising interest rates, which should generate increased profits on Schwab’s more than $600 billion of interest-earning assets. Despite turbulent markets, the company attracted over $400 billion of net new client assets over the past 12 months. In addition to strong organic growth, we believe operating expenses per client assets will drop to record lows once the equity markets improve.”