5 Oversold Large Cap Stocks to Buy

4. HCA Healthcare, Inc. (NYSE:HCA)

14-day RSI as of July 31: 28.44

Number of Hedge Fund Holders: 65

Founded in 1968, HCA Healthcare, Inc. (NYSE:HCA) is a leading healthcare provider. It owns and operates 182 hospitals and approximately 2,300 ambulatory sites of care, including surgery centers, free standing emergency rooms, urgent care centers and physician clinics in 20 states and the United Kingdom.

On July 27, HCA Healthcare, Inc. (NYSE:HCA) released its financial results for Q2 2023 which showed a solid performance. Its revenue increased by 7% y-o-y to $15.9 billion while net income increased by 2% y-o-y to $1.4 billion. At $4.29, its normalized EPS for the quarter surpassed consensus estimates by $0.05.

Earlier on May 18, HCA Healthcare, Inc. (NYSE:HCA) had announced an agreement to acquire 41 urgent care centers in Texas from FastMed to augment its existing urgent care operations in the state. Terms of the transaction were not disclosed.

HCA Healthcare, Inc. (NYSE:HCA) ranks #1 on our list of 10 oversold large cap stocks to buy based on the number of hedge fund shareholders as of March 31. Its shares were owned by 65 hedge funds with a total value of $2.8 billion.