5 Stocks Wall Street Analysts and Billionaires Are Crazy About

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In this piece, we will take a look at five stocks that Wall Street analysts and billionaires are crazy about. If you want a detailed look at what’s going on in the stock market, head on over to 10 Stocks Wall Street Analysts and Billionaires Are Crazy About.

5. Encore Wire Corporation (NASDAQ:WIRE)

Number Of Billionaire Investors As of Q1 2023: 9

Encore Wire Corporation (NASDAQ:WIRE) makes and sells electrical components. Headquartered in McKinney, Texas, the firm’s products include wires and cables which it sells to companies operating in the residential and commercial sectors.

After digging through 943 hedge funds for their March quarter of 2023 investments, Insider Monkey discovered that 27 had held a stake in Encore Wire Corporation (NASDAQ:WIRE). Out of these, the firm’s largest shareholder is Chuck Royce’s Royce & Associates since it owns 382,923 shares that are worth $70 million.

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