Louis Navellier’s 10 Stock Picks with Huge Upside Potential

Published on December 7, 2023 at 9:39 am by Fatima Farooq in Hedge Funds, News

In this article, we will be taking a look at Louis Navellier’s 10 stock picks with huge upside potential. To skip our detailed analysis of Navellier’s investing strategy and history, you can go directly to see Louis Navellier’s 5 Stock Picks with Huge Upside Potential.

Investing in Energy

Louis Navellier, Chairman and Founder of Navellier & Associates, is an American investor who has inspired many with his adeptness at navigating the stock market and turning a profit. Navellier is the leader of a firm focused on growth investments to drive up profits, something that can be observed in his portfolio as well. Navellier’s portfolio has rapidly been picking up energy stocks since 2023, leading many to question this choice of investment. He addressed these questions in a presentation given in October 2022. Here are some of his comments from then:

“Probably, the most controversial thing that we’re doing is when we run our weekly stock selection screens, we’ve just been adding more and more energy stocks, and so, they’re 60% of our portfolios right now, and they are going to have the best earnings for the next two quarters. Even though earnings have decelerated for the rest of the market, they’ve accelerated for us, so we’re feeling pretty good.”

While this is a presentation from a little over a year ago, Navellier’s portfolio even today has a predominant composition of energy stocks, resulting in lists of his top stock picks being influenced by this composition, as our list below shows. Some of the most notable names in the portfolio include NVIDIA Corporation (NASDAQ:NVDA), ConocoPhillips (NYSE:COP), and Exxon Mobil Corporation (NYSE:XOM). These are some of Navellier’s top stock picks with huge upside potential today. The decision to stay deeply invested in major oil and energy stocks may be indicative of Navellier’s perception of the energy sector as a core requirement for a well-positioned portfolio even today.

Last Week of the Year – Best Time To Buy?

On December 5, Navellier was invited to Fox Business to discuss his opinions on the current market dynamics, especially in light of the November rally. When asked whether he thinks this rally will continue, he noted the following:

“It does [continue] but we probably have to pause for a couple weeks, you know, we get tax selling, we have to digest the incredible gains that small caps had in November. Yesterday, you saw that the small caps were doing very good relative to the large caps, but they should give way a bit. I really think the best time to buy would be right between Christmas and New Years – that would be the best week to buy, and we’ll get another surge in January.”

When asked to elaborate on why he considers the last week of the year to be the best time to buy, whether it’s because of tax selling or because of a Christmas rally, Navellier responded with the following:

“All of the above, but mainly because we’re overbought, because we’ve had an incredible run since November. When you have an early January effect, like we had in November, that means that an actual January effect in January is going to be better, and then we’ll have real volume. See, we’ve had a light volume rally, and it’d be nice to see some real volume.”

Hopes for 2024

Navellier’s outlook for the end of 2023 and the beginning of 2024 thus seems to be overall optimistic and promising. Regarding his hope for 2024, he had the following to say:

“I’m expecting a very strong opening for the year. Earnings are going to be good because the year-over-year comparisons are much easier. So, we’re gonna have a lot to look forward to, and of course, we’re gonna have those Fed rate cuts in the new year.”

Navellier also delved into a short discussion on the Federal Reserve, and what investors and the general public should keep an eye out for regarding the upcoming Fed meeting in particular. Here’s what he said:

“Well, the most important thing is the dot plot that we’ll get at that Fed meeting, and Chairman Powell has already admitted that it’s going to be pointing downward… As far as the economy slowing, absolutely, you know, we do have record LNG exports, we’re exporting 4.8 million barrells of crude oil a day. So that’s 2% GDP growth, just from energy exports, and that’s also shrinking the trade deficit, which boosts GDP.”

Considering Navellier’s detailed analysis and renowned knowledge of the markets, we have decided to compile a list of some of his top stock picks, particularly those with high upside potential. These include some of Navellier’s top oil and energy stocks with huge upside potential, alongside other names such as semiconductor companies with high upside potential as well. The stocks are part of Navellier’s most recent investment portfolio and are among the best stocks with huge upside potential to consider buying today.

Louis Navellier of Navellier & Associates

Our Methodology

We went through Navellier’s top 50 stocks in his updated 13F holdings for the third quarter to pick stocks with the highest upside potential as of December 4. We used TipRanks to find the average analyst price targets for the stocks and the upside potential, and ranked the stocks based on the latter, from the lowest to the highest. We also mentioned the number of hedge funds holding stakes in the stocks by using Insider Monkey’s hedge fund data for the third quarter.

Louis Navellier’s Stock Picks with Huge Upside Potential

10. PBF Energy Inc. (NYSE:PBF)

Navellier & Associates Q3 Stake Value: $3.7 million

Upside Potential as of December 4: 22.41%

Average Price Target: $55.22

Number of Hedge Fund Holders: 35

PBF Energy Inc. (NYSE:PBF) is an oil and gas refining and marketing company based in Parsippany, New Jersey. The company operates through its Refining and Logistics segments to produce gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, and more.

As of October 9, Ryan Todd, an analyst at Piper Sandler, holds an Overweight rating on shares of PBF Energy Inc. (NYSE:PBF), alongside a price target of $65.

In the third quarter of 2023, 35 hedge funds were long PBF Energy Inc. (NYSE:PBF). Their total stake value in the company was $527 million.

At the end of the third quarter, Citadel Investment Group was the largest shareholder in PBF Energy Inc. (NYSE:PBF), holding 1.6 million shares in the company.

Like NVIDIA Corporation (NASDAQ:NVDA), ConocoPhillips (NYSE:COP), and Exxon Mobil Corporation (NYSE:XOM), PBF Energy Inc. (NYSE:PBF) is one of Navellier’s top stock picks with high upside potential according to analysts.

9. ConocoPhillips (NYSE:COP)

Navellier & Associates Q3 Stake Value: $15.1 million

Upside Potential as of December 4: 23.28%

Average Price Target: $142

Number of Hedge Fund Holders: 62

Scott Hanold, an analyst at RBC Capital, maintains an Outperform rating on shares of ConocoPhillips (NYSE:COP) as of November 14. The analyst also raised his price target on the stock from $130 to $135.

ConocoPhillips (NYSE:COP) is an oil and gas exploration and production company. It is based in Houston, Texas. The company explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquid natural gas, and natural gas liquids. It is one of Navellier’s top stocks with huge upside potential according to analysts today.

We saw 62 hedge funds long ConocoPhillips (NYSE:COP) in the third quarter, with a total stake value of $3.7 billion.

8. EOG Resources, Inc. (NYSE:EOG)

Navellier & Associates Q3 Stake Value: $11.9 million

Upside Potential as of December 4: 23.45%

Average Price Target: $152.28

Number of Hedge Fund Holders: 45

Holding 7.9 million shares in the company, Harris Associates was the most prominent shareholder in EOG Resources, Inc. (NYSE:EOG) at the end of the third quarter.

EOG Resources, Inc. (NYSE:EOG) is another oil and gas exploration and production company on our list, based in Houston, Texas. The company’s principal producing areas are in New Mexico and Texas in the US, and the Republic of Trinidad and Tobago.

A Buy rating was maintained on shares of EOG Resources, Inc. (NYSE:EOG) on November 30 by Derrick Whitfield, an analyst at Stifel. The analyst also raised his price target on the stock from $161 to $165.

A total of 45 hedge funds were long EOG Resources, Inc. (NYSE:EOG) in the third quarter. Their total stake value was $666.4 million.

7. Exxon Mobil Corporation (NYSE:XOM)

Navellier & Associates Q3 Stake Value: $19.5 million

Upside Potential as of December 4: 27.2%

Average Price Target: $131

Number of Hedge Fund Holders: 79

Exxon Mobil Corporation (NYSE:XOM) was spotted in the 13F holdings of 79 hedge funds in the third quarter, with a total stake value of $4.5 billion.

Based in Spring, Texas, Exxon Mobil Corporation (NYSE:XOM) is an integrated oil and gas company. It engages in the exploration and production of crude oil and natural gas in the US and across the globe.

Nitin Kumar, an analyst at Mizuho, maintains a Buy rating on shares of Exxon Mobil Corporation (NYSE:XOM) as of November 14, alongside a price target of $133.

6. Lamb Weston Holdings, Inc. (NYSE:LW)

Navellier & Associates Q3 Stake Value: $6.6 million

Upside Potential as of December 4: 27.63%

Average Price Target: $128.80

Number of Hedge Fund Holders: 46

Lamb Weston Holdings, Inc. (NYSE:LW) is a consumer staples company operating in the packaged foods and meats industry. It is based in Eagle, Idaho, and it produces, distributes, and markets frozen potato products worldwide.

In total, 46 hedge funds were long Lamb Weston Holdings, Inc. (NYSE:LW) in the third quarter, with a total stake value of $2.3 billion.

A Buy rating was reiterated on shares of Lamb Weston Holdings, Inc. (NYSE:LW) on October 12 by Matthew Smith at Stifel, alongside a price target of $115.

Citadel Investment Group was the largest shareholder in Lamb Weston Holdings, Inc. (NYSE:LW) at the end of the third quarter, holding 3.8 million shares in the company.

The London Company mentioned Lamb Weston Holdings, Inc. (NYSE:LW) in its third-quarter 2023 investor letter:

“Lamb Weston Holdings, Inc. (NYSE:LW) – LW underperformed after the company reported lower volumes and provided a cautious outlook. This sparked fears the industry could have too much capacity as volumes slow. However, management has been clear the majority of the lower volume for LW has been intentional by shedding lower margin contracts. On a positive note, the fry attachment rate remained high. We remain attracted to LW’s market share, pricing power, and industry tailwinds.”

Like NVIDIA Corporation (NASDAQ:NVDA), ConocoPhillips (NYSE:COP), and Exxon Mobil Corporation (NYSE:XOM), Lamb Weston Holdings, Inc. (NYSE:LW) is among Louis Navellier’s stock picks with high upside potential.

Click to continue reading and see Louis Navellier’s 5 Stock Picks with Huge Upside Potential.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Published on May 1, 2024 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 75%.

For a ridiculously low price of just $24, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

The Name of the Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.
Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
Lifetime Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund ANYTIME, no questions asked.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

Head over to our website and subscribe to our Premium Readership Newsletter for just $24.
Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.
Sit back, relax, and know that you’re backed by our ironclad lifetime money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

A New Dawn is Coming to U.S. Stocks

Published on May 2, 2024 at by Insider Monkey Staff

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up