In the world of investing, “smart money” stocks are always a topic of interest. These stocks are chosen by individuals with exceptional financial knowledge and expertise, such as hedge fund managers. Despite the current market conditions, investing in smart money stocks can be a more appropriate strategy. This article highlights seven such stocks and explores the reasons for their appeal.
One of the featured smart money stocks is Microsoft (MSFT), which recently received approval for its acquisition of gaming company Activision Blizzard. This move is expected to strengthen Microsoft’s video gaming division and boost its growth. Additionally, Microsoft’s investments in artificial intelligence (AI) have further enhanced its growth prospects. With double-digit gains in its stock price year-to-date, Microsoft is experiencing a flourishing trajectory.
Another stock to watch is GSK (GSK), a renowned pharmaceutical company with a promising product pipeline. The approval of its cancer treatment by the U.S. FDA and the projected sales of its vaccine targeting the RSV virus indicate strong growth potential. Despite its undervaluation, GSK has shown consistent revenue and profit increases. The company’s vaccine business, particularly its shingles vaccines, has contributed significantly to its positive performance.
Apple (AAPL) is also highlighted as a smart money stock. The recent release of its highly anticipated iPhone 15 has received positive reviews, suggesting strong sales. The upcoming introduction of the Vision Pro augmented reality headset has generated excitement and presents another growth opportunity for the company. With its stock already surging this year, Apple is poised for further success.
In the medical sector, Medtronic (MDT) stands out as a smart money stock. Known for its cardiology innovations, Medtronic has a diverse portfolio addressing various medical ailments. Its consistent dividend payments and optimistic profit forecasts reflect the company’s robust reputation and growth potential. With estimates indicating significant growth in the global medical device industry, Medtronic is well positioned for success.
Amazon (AMZN) continues to dominate the eCommerce sector, driven by its successful integration of AI technology. The company’s strong revenue streams from its core commerce business, Amazon Web Services, and advertising realm have contributed to its stock price surge. Amazon’s recent investment in AI trailblazer Anthropic further demonstrates its commitment to innovation. This alliance promises to enhance the AI experience for customers and potentially drive further growth for the company.
Palantir Technologies (PLTR), a data analytics company, has also gained attention as a smart money stock. Its impressive YTD returns and partnerships with organizations like Babcock International Group showcase its forward-thinking approach. Palantir’s ability to provide data-driven insights to various clients, including the U.S. government, has contributed to its financial success. With a positive revenue forecast, the company is expected to continue its upward trajectory.
Salesforce (CRM) is recognized for its resilience and innovation in the customer relationship management sector. The company’s recent restructuring efforts have resulted in strong operational results, including a solid non-GAAP operating margin. Its AI-driven Data Cloud has proven to be a valuable asset, providing clients with insightful data analysis. With a diverse product suite and a large client base, Salesforce offers stability and growth opportunities for investors.
Overall, these smart money stocks present enticing opportunities for investors looking to capitalize on the expertise and market knowledge of successful investors. Each stock showcases unique strengths and growth prospects, making them worth considering in an investment portfolio.
