2 New Stocks to Invest In According to Michael Burry

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1. McKesson Corporation (NYSE: MCK) CALL

Number of Hedge Fund Holders: 51

McKesson Corporation (NYSE: MCK) is ranked first on our list of 7 new stocks to invest in according to Michael Burry. The company provides healthcare solutions and is headquartered in Texas. Latest data shows that Scion Asset Management owned CALL options on 682,400 shares in the firm at the end of the second quarter of 2021 worth $130 million, representing 6.26% of the portfolio. 

On July 8, investment advisory Jefferies maintained a Buy rating on McKesson Corporation (NYSE: MCK) stock with a price target of $225, noting that a decision by the firm to sell European assets had improved the long-term growth outlook on the firm.

Out of the hedge funds being tracked by Insider Monkey, New York-based firm Pzena Investment Management is a leading shareholder in McKesson Corporation (NYSE: MCK) with 3.1 million shares worth more than $609 million. 

You can also take a peek at 10 Penny Stocks Redditors are Buying in August and 10 Best Nickel Stocks to Buy Now.

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