5 Best Canadian Stocks to Buy Now
Below we presented the list of 5 best Canadian stocks to buy now. For our detailed discussion and a more comprehensive list please see 11 best Canadian stocks to buy now.
At Insider Monkey we leave no stone unturned when looking for the next great investment idea. Recently Oregon became the first state to legalize psychedelic mushrooms which are shown to have promising results in treating depression, addiction, and PTSD in early stage academic studies. So, we are checking out this
psychedelic drug stock idea right now. We go through lists like the 10 best biotech stocks to invest in to pick the next stock that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage (or at the end of this article).
5 Best Innovative Stocks To Buy According To Hedge Funds
In the first part of this article we explained that we are on the cusp of huge transformational technological changes and investors can generate huge returns by investing in the companies that will shape the future. The tricky part is identifying these companies in advance. For this we started with the top 50 holdings of ProShares MSCI Transformational Changes ETF (ANEW) and ranked those 50 stocks using Insider Monkey’s hedge fund sentiment data to identify the 15 best innovative stocks to buy according to hedge funds. Below we presented the 5 best innovative stocks. For the complete list please see
Below we presented the list of 5 Best European Dividend Stocks to Buy Now. For our detailed discussion and a more comprehensive list please see 14 Best.
14 Best European Dividend Stocks to Buy Now
Most of us know Europe to be the first major world region to develop a modern economy based on agriculture and industrial development. According to the European Commission, the EU has “the largest economy in the world with a gross domestic product (GDP) per head of €25 000 for its 500 million consumers”. They are the top trading partner for 80 countries. In an article, we mentioned the 11 Most Livable Countries in Europe. Europe has a large economy, but it isn’t the largest economy in the world. That title still belongs to the United States and probably China will become the largest economy in about 10 years or so. Nevertheless, Europe is a better hunting ground for investors looking for stable and reliable companies to invest in.
5 Best Quantum Computing Stocks to Buy Now
No of HFs: 82
The 5
th best quantum computing stock to buy now is NVDA. The top hedge fund holder of this stock is Anna Nikolayevsky’s Axel Capital Management which had $2 million invested in the stock at the end of December. An insider purchased 100 shares at around $537 in December 2020. The stock remained the same since then. In an article, Vulcan Value Partners mentioned that NVIDIA’s value grew substantially while they owned it, and they continued to follow their discipline by trimming and adding to the company as its price fluctuated
“NVIDIA Corp. is the dominant supplier of Graphics Processing Units (GPUs) worldwide. During the first quarter of 2019, its stock price declined considerably due to the combination of three factors. A capital spending hiatus by cloud providers, the collapse in demand for cryptocurrency mining, along with the end of the product cycle in its most recent gaming chip caused NVIDIA to miss its quarter