Stocks On the Rise: 5 Best To Buy Now

In this piece, we will take a look at the five best stocks to buy that are on the rise. If you want to skip our primer on the stock market and momentum investing, then head on over to Stocks On the Rise: 13 Best To Buy Now.

5. The TJX Companies, Inc. (NYSE:TJX)

Number of Hedge Fund Investors In Q1 2023: 73

The TJX Companies, Inc. (NYSE:TJX) is an American discount retailer. It is the first stock on our list which is rated Strong Buy on average by analysts. The shares are up 8.7% year to date, and Barclays maintained an Overweight rating on the shares in August 2023 just before The TJX Companies, Inc. (NYSE:TJX) is set to release its earnings.

73 of the 943 hedge funds part of Insider Monkey’s Q1 2023 database had held a stake in The TJX Companies, Inc. (NYSE:TJX).  Panayotis Takis Sparaggis’s Alkeon Capital Management is the firm’s largest shareholder as of June 2023, owning 5.1 million shares that are worth $433 million.