Hedge Funds’ Top 5 High Volume Stocks to Purchase

Now that the first quarter of 2024 is well in the past, the bulls and bears that we became used to seeing in the second quarter of the previous year are making a comeback. Investors and experts were losing their minds trying to predict the direction of the US economy in the years before artificial intelligence grabbed the market by storm. Inflation was far more severe back then than it is now, and stock market investors were still adjusting to the sudden increases in interest rates. As a result, they were unsure of the direction that the American economy would take going forward and how best to allocate their investments.

The same trend is becoming evident in the second quarter of 2024. Although artificial intelligence has quelled investors’ thirst for quick gains in the stock market, stocks still managed to recoup April’s gains even after the latest inflation figures hit the news. According to the data, the consumer price index, one of the economy’s inflation indicators, rose 0.4% and 3.5% in March, slightly higher than previously expected. Annual growth ended up being the highest in six months, and while the data was not as impressive as peak inflation in 2022, it still dashed expectations of Federal Reserve easing in the form of early interest rate cuts.

Look at the five best high volume stocks to buy according to hedge funds.

5. The Boeing Company (NYSE:BA)

• Number of hedge fund investors in Q4 2023: 69
• Average 3-month trading volume: 8.68 million

  One of the largest defense and commercial aircraft contractors in the world is The Boeing Company (NYSE:BA). Its high volume stock is not surprising considering the company’s recent aircraft issues, which returned to the public eye in April 2024 following new government probes and the revelation of a new whistleblower.

4. PDD Holdings Inc. (NASDAQ:PDD)

• Number of hedge fund investors in Q4 2023: 71
• Average 3-month trading volume: 8.68 million

PDD Holdings Inc. (NASDAQ:PDD) is A Chinese electronic trading company. A commerce company based in Dublin, Ireland. The stock has an average rating of “Strong Buy” and an average analyst price target of $179.25, making it one of the highest-rated stocks on our list.

3. Qualcomm Incorporated (NASDAQ:QCOM)

• Number of hedge fund investors in Q4 2023: 78
• Average 3-month trading volume: 8.68 million

Qualcomm Incorporated (NASDAQ:QCOM) is One of the largest semiconductor development companies in the world when it comes to smartphone hardware. Qualcomm Incorporated (NASDAQ:QCOM) stock received favor from Keybanc in April 2024 when the company raised its price target on Qualcomm Incorporated (NASDAQ:QCOM) from $180 to $205 and maintained an Overweight rating due to its favorable positioning in AI. attracted a lot of attention.

2. Oracle Corporation (NYSE:ORCL)

• Number of hedge fund investors in Q4 2023: 100
• Average 3-month trading volume: 8.68 million

  Based in Austin, Texas, Oracle Corporation (NYSE:ORCL) is a developer of enterprise resource planning tools. The average analyst share price target for the shares is $140, and they are rated Buy overall.

1. JPMorgan Chase & Co. (NYSE:JPM)

• Number of hedge fund investors in Q4 2023: 103
• Average 3-month trading volume: 8.68 million

In terms of net assets, JPMorgan Chase & Co. (NYSE:JPM) is the largest private bank globally. This gives its management a bird’s eye perspective of everything going on in the world, and in light of the explosive inflation data from March 2024, CEO Jamie Dimon’s recent comments about increased interest rates over the next ten or so years seem prescient.