10 Best Stocks to Buy According to Billionaire David Einhorn

1. Green Brick Partners, Inc. (NYSE:GRBK)

Greenlight Capital’s Stake Value: $790.72 Million

Number of Hedge Fund Holders: 23

Green Brick Partners, Inc. (NYSE:GRBK) is a diversified homebuilding and land development company. It acquires land to develop residential lots transferred to controlled builders or sold to third-party homebuilders. It also provides a financial services platform, including mortgage and title services. As interest rates come down and consumer purchasing power improves, it is one of the best stocks to buy, according to billionaire David Einhorn.

The stock is already up by more than 21% for the year, outperforming amid a challenging market environment hurt by high interest rates. Green Brick Partners, Inc. (NYSE:GRBK) delivered record-breaking Q3 2024 results on October 30, 2024. It logged a 25.7% increase in revenues at $523 million after delivering 956 homes at an average price of $546,900. Likewise, earnings per share were up 27% to $1.98.

Green Brick Partners continues to deliver industry-leading building gross margins of 32.7%. Higher margins come as the company sees a significant increase in net new orders that were up 11.3% to 877 units. Likewise, the company is on course to achieve record revenue in fiscal 2024.

Green Brick Partners, Inc. (NYSE:GRBK) plans to invest $700 million in land acquisition and development and plans to introduce Green Brick Mortgage in Q1 2025. In keeping with its infill strategy, the business also intends to grow into northern Austin, Texas. The company’s strategic growth plans affirm long-term prospects.

While we acknowledge the potential of Green Brick Partners, Inc. (NYSE:GRBK) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GRBK but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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