12 best future stocks to buy today

In this article, we’ll look at the 12 best stock futures to buy now. If you want to see other future stocks to buy, go directly to 5 best future stocks to buy today.

If the change today compared to 100 years ago is any indication, the future will likely be different from the past. In the span of 100 years, we’ve had the computer revolution, the growth of the internet, the rise in average incomes by multiples and more.

In the future, it looks like there could be a lot more technological breakthroughs. Merger might be feasible. AI and machine learning will improve. The standard of living could also increase and the world could become much more virtual and automated.

In terms of the future, some companies will play an important role in terms of developing future technologies. While there are likely to be new companies that have yet to be founded that will grow at astonishing rates to dominate brand new industries, many future tech leaders are likely to be among the tech industry leaders. today.

As far as the technology industry is concerned, 2022 has been difficult given the volatility of the market. The tech-heavy NASDAQ index is down about 35% year-to-date and markets have been volatile in 2022 as the Federal Reserve has hiked interest rates 5 times this year to fight back. against inflation. Due to increases and increases expected in the future, the median projection for the federal funds rate is 4.4% at the end of 2022 and 4.6% at the end of next year. This compares to the 2.5% expectation for the long-term expected federal funds rate.

With higher rates, some businesses might invest less and some consumers might spend less. A drop in demand could make it harder for some companies to grow profits or revenue as the market expects.

Given the uncertainty, it might make sense for long-term investors to have a well-diversified portfolio of high-quality stocks across several different sectors. In terms of stocks that could develop technology for the future, here are 12 best future stocks to buy today.

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Methodology

For our list of the 12 best future stocks to buy today, we’ve selected 12 innovative companies that also have growth potential. Using the collective wisdom of hedge funds, we’ve sorted them based on the number of hedge funds in our database that also held shares in the same stocks at the end of Q2 2022.

12 best future stocks to buy today

12. Toyota Motor Corporation (NYSE:TM)

Number of hedge fund holders: 12

Toyota Motor Corporation (NYSE:TM) has become one of the world’s leading automakers thanks to its history of innovation in manufacturing fuel-efficient and affordable cars. Looking ahead, Toyota Motor Corporation (NYSE:TM) is likely to remain one of the leading innovators given its investments in electric vehicles, fuel cells and autonomous driving. According to the Nikkei in 2022, Toyota Motor Corporation (NYSE:TM) plans to release an operating system that supports autonomous driving by 2025.

Fisher Asset Management owned more than 5.3 million shares of Toyota Motor Corporation (NYSE:TM) at the end of the second quarter of 2022.

Alongside Meta Platforms, Inc. (NASDAQ:META), Amazon.com, Inc. (NASDAQ:AMZN), and Microsoft Corporation (NASDAQ:MSFT), Toyota Motor Corporation (NYSE:TM) is a future stock for many hedge funds in our database held at the end of the second quarter.

11. Brookfield Renewable Partners LP (NYSE: BEP)

Number of hedge fund holders: 19

Brookfield Renewable Partners LP (NYSE:BEP) may not be a top tech company, but it operates one of the largest publicly traded renewable energy platforms in the world. Because the future is green, Brookfield Renewable Partners LP’s (NYSE:BEP) growing portfolio of hydro, wind, solar and storage facilities facilitates that future. Of the 895 hedge funds in our database, 19 held shares of Brookfield Renewable Partners LP (NYSE:BEP) at the end of Q2 2022, ranking it 11th on our list of the 12 best future stocks to buy today. today.

Select Equity Group owned nearly 2.6 million shares of Brookfield Renewable Partners LP (NYSE: BEP) at the end of the second quarter.

10. ASML Holding SA (NASDAQ: ASML)

Number of hedge fund holders: 47

Because much of the world’s modern economy is dependent on semiconductors, and ASML Holding NV’s (NASDAQ: ASML) EUV technology helps manufacture the most advanced semiconductors possible, ASML Holding NV (NASDAQ : ASML) is one of the most innovative technologies in the world. businesses and will likely remain so for some time. Experts say it could take more than a decade for other companies to catch up given the complexity. Stocks are lower on market weakness and rising tensions between the West and China, which could weaken sales.

There are reasons to like the stock nonetheless. Baron Opportunity Fund commented on ASML Holding NV (NASDAQ:ASML) in a second quarter 2022 letter to investors,

“ASML Holding NV designs and manufactures semiconductor production equipment. It specializes in photolithography equipment, where light sources are used to photoreactively create patterns on wafers that become printed circuit boards. ASML is the dominant leader in all types of lithography but, above all, is the only company selling equipment for extreme ultraviolet (EUV) lithography, the latest generation technology.

Indeed, due to Moore’s Law blocking, advanced lithography of larger, multi-patterned silicon chips has been essential for advanced chip fabrication and the continuous improvement of semiconductor chip performance over time. time. The company is well positioned to continue to grow above industry rates as it rapidly adds capacity across its business to meet growing industry demand, particularly from edge customers who continue to invest to stay ahead of competitors and advance chip performance.

Additionally, the introduction of high NA EUV technology in the middle of the decade will add another step to the growth opportunity.

9. Lockheed Martin Corporation (NYSE:LMT)

Number of hedge fund holders: 55

Lockheed Martin Corporation (NYSE: LMT) is the leader when it comes to making the world’s best defense aircraft such as the F-35 and F-22. Given its core competence and financial strength, Lockheed Martin Corporation Inc (NYSE: LMT) is likely to remain one of the leading defense manufacturers in the future. 55 hedge fund holders in our database were long Lockheed Martin Corporation (NYSE:LMT) at the end of the second quarter, ranking it 9th on our list of the 12 best future stocks to buy today.

8. Oracle Corporation (NASDAQ: ORCL)

Number of hedge fund holders: 69

Oracle Corporation (NASDAQ: ORCL) is a leader in databases, enterprise software and the cloud. Looking to the future, Oracle Corporation Inc (NASDAQ:ORCL) is investing heavily in AI, machine learning, and also the future of work.

With a market capitalization of $175 billion and net income of $5.8 billion in the last twelve months, Oracle Corporation (NASDAQ: ORCL) has the resources to remain one of the most innovative companies in the world. coming.

7. Tesla, Inc. (NASDAQ: TSLA)

Number of hedge fund holders: 72

Tesla, Inc. (NASDAQ: TSLA) has become one of the most valuable companies in the world thanks to the company pioneering electric vehicles. As a result, Tesla, Inc. (NASDAQ: TSLA) is today the market leader in electric vehicles with substantial scale and growth momentum.

Led by Elon Musk, Tesla, Inc. (NASDAQ: TSLA) is expected to remain a key innovator of the future given that it has also launched a robot and the company is working on self-driving. Tesla, Inc. (NASDAQ: TSLA) is also a leading solar power and energy storage company. ARK Investment Management owned more than 4 million shares of Tesla, Inc. (NASDAQ: TSLA) at the end of the third quarter.

6. NVIDIA Corporation (NASDAQ: NVDA)

Number of hedge fund holders: 84

NVIDIA Corporation (NASDAQ:NVDA) has overtaken mighty Intel in terms of valuation thanks to its focus on GPUs, which can be used for AI processing. Considering the magnitude of AI in terms of future innovations, NVIDIA Corporation (NASDAQ: NVDA) is a future innovator. Although the stock is down 61% year-to-date, the company is benefiting from long-term trends. ClearBridge Large Cap Growth ESG Strategy commented on NVIDIA Corporation (NASDAQ:NVDA) in a second quarter 2022 letter to investors,

“Chipmaker Nvidia (NASDAQ:NVDA) also came under pressure due to multiple squeeze from higher-growth companies and weak gaming business. to its strong performance through the end of 2021, we have consistently trimmed the position to reduce risk in the face of short-term volatility in its gaming business. The company is clearly exposed to the semiconductor cycle, but is also participating in the secular growth in cloud and AI adoption through its data center business. With these age-old engines intact and the ramp-up of new products in the second half, we maintain an overweight in the company.

As NVIDIA Corporation (NASDAQ:NVDA), Meta Platforms, Inc. (NASDAQ:META), Amazon.com, Inc. (NASDAQ:AMZN) and Microsoft Corporation (NASDAQ:MSFT) are future stocks that many hedge funds in our database held at the end of the second quarter of 2022.

Click to read on and see 5 best stock futures to buy today.

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Disclosure: none. 12 best future stocks to buy today is originally published on Insider Monkey.

About Frances R. Smith

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