It's no secret that the market has been on a roller coaster ride over the past few months. The pandemic has caused unprecedented economic turmoil and uncertainty, leading many investors to believe that we are heading for a recession.
In such volatile times, it's difficult to know which stocks are worth investing in. However, certain indicators can give us a clue as to which stocks are likely to perform well in the current market conditions.
One such indicator is the performance of hedge funds. Hedge funds are typically made up of highly experienced and professional investors, who have access to information and resources that the average investor does not.
Another indicator that can be useful in identifying profitable stocks to buy now is the opinion of analysts. Investment analysts research companies and industries to identify opportunities and trends.
Here, we'll look at some of the best stocks to buy according to hedge funds and analysts.
Berkshire Hathaway
Berkshire Hathaway is an American multinational conglomerate holding company headquartered in Omaha, Nebraska. The company is known for its insurance, railroad, and utility businesses.
Berkshire Hathaway's share price has been steadily rising over the past few years, with a total return of nearly 20% since 2020. The company is one of the most widely held stocks in the world, with many hedge funds and institutions investing in it. It is a haven during times of economic uncertainty because of the company's diversified business interests and strong financial position.
JP Morgan Chase
JP Morgan Chase is an American multinational investment bank and financial services company headquartered in New York City. The company is one of the largest banks in the United States, with a sizable presence in investment banking, asset management, and private equity.
JP Morgan Chase's stock has a value of $90.14 billion as of May 2020 and a market capitalization of $351.48 billion. The company has a strong balance sheet and is well-positioned to weather the current economic downturn in terms of dividend stocks.
Alphabet (Google)
Alphabet is an American multinational technology company headquartered in Mountain View, California. The company is best known for its search engine, Google. Alphabet also owns and operates several other companies, including YouTube, Android, and Nest. Alphabet's stock has performed well in recent years, with a total return of nearly 30% since 2020.
Medtronic
Medtronic is an American multinational medical device company headquartered in Dublin, Ireland. The company is a leading provider of medical devices and therapies. Medtronic's products are used in a variety of medical procedures, including cardiac surgery, vascular surgery, and diabetes management.
Medtronic's market capitalization is $208.84 billion as of May 2020, and the company is well-positioned to profit from an aging population and the growing need for medical devices and therapies.
CVS Health
CVS Health is an American multinational pharmacy and healthcare company headquartered in Woonsocket, Rhode Island. The company is best known for its pharmacy benefits management, retail pharmacy, and health care clinics.
CVS Health's stock has performed well in recent years, with a total return of nearly 30% since 2020. The growth is also non-dependant on the economic state, which makes this stock one of the best to buy now.
