Published on 8 May 2024 on Insider Monkey via Yahoo Finance
Hidden Gems: Unveiling the 10 Stocks on Hedge Funds’ Radar
In this article we are going to reveal the names of 10 stocks that are on hedge funds' radar.
The US market sustained strong performance in the first quarter of 2024 as the S&P Index increased by 10.6%, continuing its momentum from the previous quarter. There is a prevailing optimism in the market regarding a soft landing of the economy. The optimism over generative AI that contributed to the 2023 market rally is sustaining in 2024. The valuation of mega-cap companies significantly influences the S&P 500 Index. You can check out the best mega-cap stocks to buy according to hedge funds here.