14 Best 52-Week High Stocks To Invest In Now

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This article delves into the examination of the 14 best 52-week high stocks to buy now. To explore more such companies that meet comparable criteria, go directly to 5 Best 52-Week High Stocks To Buy Now.

The outlook for 2024 is positive for the economy and the stock market. Market conditions improved significantly in Q4 of 2023 due to a slowdown in inflation, allowing the Federal Reserve to ease its monetary policy. Looking ahead to 2024, there is potential for a soft landing as the central bank aims to slow economic growth to curb inflation without causing a recession.

AI emerged as the most promising investment theme in 2023 and so far in 2024. NVIDIA Corporation (NASDAQ:NVDA), one of the top-performing tech stocks, exhibited robust performance with a staggering 265% revenue growth in Q4 of 2023. It has substantially benefited from the recent tech industry’s focus on large artificial intelligence models. Analysts believe that the AI-driven market is in its early stages and foresee significant potential in the coming years, driven by advancements in productivity and AI technology.

In March 2024, the three major stock indexes experienced an outstanding surge, each reaching unprecedented closing levels. The Dow Jones Industrial Average soared by 401.37 points, closing at 39,512.13. Simultaneously, the S&P 500 broke the milestone of 5,200 for the first time, marking an increase of 0.89%. Additionally, the Nasdaq Composite surged by 1.25%, settling at 16,369.41. The Federal Reserve has also reaffirmed forecasts for three rate cuts by the end of 2024. However, inflation remains stubborn and the Fed might not be able to remain on its planned course.

Best 52-Week High Stocks To Invest In Now
Best 52-Week High Stocks To Invest In Now

A close-up of a computer monitor displaying real-time financial data on the stock market.

Our Methodology

For this article, we first used a stock screener to identify stocks that recently hit 52-week highs or are currently trading their 52-week highs. We enumerated a list of stocks and narrowed down this list by choosing 14 52-week high stocks with market capitalization of at least $10 billion with the highest number of hedge fund investors. We gauged hedge fund sentiment for stocks using Insider Monkey’s database of 933 hedge funds and their holdings updated as of the end of fourth quarter last year.

Best 52-Week High Stocks To Invest In Now

14. Lennar Corporation (NYSE:LEN)

Number of Hedge Fund Holders: 65

Lennar Corporation (NYSE:LEN) is a homebuilder company that engages in real estate financial and investment management services. It was established in 1954 by Arnold Paul Rosen and Gene Fisher with headquarters in Miami, Florida.