Want to gain more useful information about the best stocks to buy right now according to hedge funds? Great! We are here to present you with Insider Monkey’s latest article, which is a must-read. This year has been extremely controversial, as lots of small-cap companies suffered severe financial loss, while others can be gainers of the coronavirus pandemic.
In the end of February Insider Monkey foretold a recession in the United States, and suggested the readers should short the market. Then, in March they, at Insider Monkey recommended to buy Tenet Healthcare. In 2019 hedge funds’ top 5 stock picks returned 39.9%. According to Insider Monkey, over half of the all investors invest in not proper index funds, since they thought they can’t ourperform the market by stock selection. But in this latest compilation, you can read a very simple investment strategy that outperformed the dumb S&P 500 Index ETF (SPY) by 121 percentage points since 2015. Nowadays most inverstors are made to believe that hedge funds won’t beat the market in the future, however, it’s not true. The reason why hedge funds underperfom is that they charge a fortune for their services. If you take a look at the most popular hedge funds, such as Facebook, Google etc. and the returns of the S&P 500 Index, you will see large returns of these technology stocks are more than $1 trillion.
We have picked two items from Insider Monkey’s compilation as usual, giving you a bried foretaste from the entire article. If you want to know more information, and more useful advice, please jump to the best stocks to buy right now according to hedge funds.
Mastercard Incorporated (NYSE:MA): $332
Number of Hedge Funds: 147 (2020 Q2)
Number of Hedge Funds: 133 (2020 Q3)
Total Dollar Amount of Long Hedge Fund Positions:$15.6 billion
Percent of Hedge Funds with Long Positions: 16.3%
Fourth Quarter Return (through November 23rd): –1.7%
Popularity Ranking (2020 Q2): 7
Popularity Ranking (2020 Q1): 8
Noteworthy Hedge Fund Shareholders: Tom Russo, Charles Akre
Alphabet Inc. (NASDAQ:GOOG) 735
Number of Hedge Funds: 144 (2020 Q2)
Number of Hedge Funds: 150 (2020 Q3)
Total Dollar Amount of Long Hedge Fund Positions:$15.3 billion
Percent of Hedge Funds with Long Positions: 18.4%
Fourth Quarter Return (through November 23rd): 18%
Popularity Ranking (2020 Q2): 8
Popularity Ranking (2020Q1): 7
Noteworthy Hedge Fund Shareholders: Boykin Curry, David Blood, Al Gore