10 Best Money Making Stocks to Invest In

Market Overview - Major indexes experienced a rally on Friday, with the S&P 500 rising 0.59% to 6,643.70 and the Nasdaq Composite increasing 0.44% to 22,484.07, although both indexes closed the week down by 0.31% and 0.65% respectively [1] - The rally was influenced by August's inflation report, which showed core inflation at an annual rate of 2.9% and a month-over-month increase of 0.2% [2] - Market momentum in September has been positive, with stocks reaching new highs despite recent volatility [2] Hedge Fund Interest - The article identifies stocks with a market cap over $2 billion, ROE greater than 30%, and ROIC above 25%, focusing on those with the highest number of hedge fund investors [5] - Research indicates that mimicking top hedge fund stock picks can lead to market outperformance, with a reported return of 373.4% since May 2014, surpassing benchmarks by 218 percentage points [6] Company Highlights - Adobe Inc. (NASDAQ:ADBE): - Number of hedge fund holders: 104 - Recent price target reductions include Citigroup lowering it to $400 from $450, Piper Sandler adjusting it to $470 from $500, and Morgan Stanley cutting it to $450 from $520, citing concerns over AI revenue and pricing strategy [7][8][9] - Year-to-date share price has decreased by 19% [9] - AppLovin Corporation (NASDAQ:APP): - Number of hedge fund holders: 109 - UBS raised the price target to $810 from $540, maintaining a Buy rating, while Piper Sandler increased it to $740 from $500, reiterating an Overweight rating [10][11] - Positive outlook based on strong demand for its referral program and key initiatives planned for the next 12 months [10][11]