10 Most Active Stocks To Buy Now

In this article, we discuss 10 most active stocks to buy now. If you want to see more stocks in this list, click 5 Most Active Stocks To Buy Now .

Morgan Stanley’s investment chief, Mike Wilson, said on May 11 that the current decline of the stock market has not yet bottomed. Rampant inflation and plunging corporate earnings will drive further downside for the stock market. Earnings are tampered by compressed margins and slowing top-line growth. Mike Wilson’s base case scenario for the economy involves the S&P 500 trading at 3,900 one year from now, reflecting a possible downside of 3% from present levels. In a bear case scenario, the benchmark index would trade 16% lower to 3,350.

The New York Times reported on May 9 that the S&P 500 has now posted five consistent weeks of declines, marking the index’s largest streak of losses since June 2011. Some Wall Street experts remain optimistic about the stock market, despite the sharp benchmark lows driven by the continuing Chinese lockdowns, raging inflation, soaring oil prices, and global supply tightness, as well as the war in Ukraine. Charles Schwab disclosed on May 6 that of the 436 S&P 500 constituents who posted Q1 results, 79% reported above consensus earnings per share and 67% announced revenue beats in the quarter.

Given the continuous interest of investors in the stock market despite uncertain macro conditions and ongoing volatility, it is prudent to seek out the most active stocks on Wall Street to see what the masses are pouring into. Some of the most notable active stocks to buy now include Coinbase Global, Inc. (NASDAQ: COIN ), NVIDIA Corporation (NASDAQ: NVDA ), and Apple Inc. (NASDAQ: AAPL ), among others discussed in detail below. Our Methodology

These stocks were picked keeping in mind the trading volume, picking the securities that had a volume of over 60 million as of May 11. The analyst ratings and business fundamentals of each stock are also discussed to provide readers with further context for their investment choices.

Data from 900+ elite hedge funds tracked by Insider Monkey in Q4 2021 was used to identify the number of hedge funds that hold stakes in each company. Most Active Stocks To Buy Now

10. Apple Inc. (NASDAQ: AAPL )

Number of Hedge Fund Holders: 134

Volume as of May 11: 141 million

Apple Inc. (NASDAQ:AAPL) is perhaps one of the most actively traded stocks on the market, with a volume of 141 million as of May 11. Apple Inc. (NASDAQ:AAPL), the American tech giant, posted above consensus earnings for the first fiscal quarter of 2022, with an EPS of $1.52 and a revenue of $97.28 billion.

On May 3, Morgan Stanley analyst Katy Huberty reiterated an Overweight rating and a $195 price target on Apple Inc. (NASDAQ:AAPL) shares, stating that based on data from Sensor Tower, she estimates that App Store net revenue growth accelerated to 8% year-over-year in April from March quarter growth of 6% year-over-year. The analyst’s 15% year-over-year June quarter forecast for App Store growth remains unchanged.

According to Insider Monkey’s fourth quarter data, Apple Inc. (NASDAQ:AAPL) was found in the public stock portfolios of 134 hedge funds, compared to 120 funds in the earlier quarter. The total stakes in Q4 amounted to $186 billion, up from $146 billion in Q3. Warren Buffett’s Berkshire Hathaway is the leading shareholder of the company, with more than 887 million shares worth $157.5 billion.

Here is what Berkshire Hathaway has to say about Apple Inc. (NASDAQ:AAPL) in its Q4 2021 investor letter: “Apple Inc. (NASDAQ:AAPL) – our runner-up Giant as measured by its year end market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier. That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million . We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job. It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our “share” of Apple’s earnings amounted to a staggering $5.6 billion . Much of what the company retained was used to repurchase Apple shares, an act we applaud. Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.” Number of Hedge Fund […]

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