10 Best Stocks to Buy According to Howard Marks’ Oaktree Capital Management

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1. TORM plc (NASDAQ:TRMD)

Oaktree Capital Management’s Q4 Stake: $779.8 million

Number of Hedge Fund Holders: 11

TORM plc (NASDAQ:TRMD) is a shipping company that owns and manages a fleet of product tankers in the United Kingdom. The company mainly carries petroleum goods, including gasoline, kerosene, and jet fuel.

TORM plc expanded its fleet last year by buying eight second-hand Medium Range (MR) vessels for $371 million. This acquisition continues TORM’s history of acquiring used vessels for fleet expansion, with the company adding seven LR1 vessels constructed between 2011 and 2013 to its ownership back in 2023.

TORM plc (NASDAQ:TRMD) recently announced fourth-quarter 2024 results that were above analysts’ expectations, with earnings per share of $0.77 vs a projection of $0.61. The firm also reported higher-than-expected revenues of $214.7 million, compared to a projection of $211.57 million. Looking ahead, the company expects TCE earnings in 2025 to be between $650 million and $950 million, down from $1.135 billion in 2024. TORM also estimates EBITDA for 2025 to range between $350 million and $650 million.

While we acknowledge the potential of TRMD as an investment, our conviction lies in the belief that certain 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 TRMD but  trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks to Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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