Below we present the list of the 5 best cheap stocks to buy now according to Ray Dalio. For more background on Ray Dalio and some of his other cheap stock picks, check out the 10 best cheap stocks to buy now according to Ray Dalio.
We begin our 5 best cheap stocks bought by Ray Dalio’s Bridgewater Associates with General Mills, Inc. (NYSE:GIS), an American consumer food manufacturer. Bridgewater boosted its stake in GIS by 1277%, its current position being valued at $18.7 million. There were a total of 37 hedge funds with bullish GIS bets at the end of September.
Year-to-date, the stock returned about 19.5% (through December 2nd) and is currently valued at $36.8 billion. The company is emerging from the pandemic stronger and more profitable. On September 23rd, the company reported strong 2021 Q1 results; net sales have increased by 9% to $4.4 billion and operating profit – by 29% to $854 million. Another good news for GIS investors is the 4% increase in the quarterly dividend to $0.51 per share. General Mills (NYSE:GIS), together with its predecessor company, is proud to have paid dividends without interruption for 122 years. We have previously featured the stock in our top 10 best high dividend stocks to buy now.
333,804 is the number of shares held by Bridgewater Associate in CVS Health Corporation (NYSE:CVS) at the end of September, giving the firm a stake worth $19.5 million in the company. A total of 65 hedge funds tracked by Insider Monkey held long positions in the stock, down by 8% from one quarter earlier.
According to Yahoo Finance, the stock is trading at a trailing PE ratio of 11.51 and is valued at $91.14 billion. During Q3, the company has increased year-over-year revenues by about 3.5%. Miller Value Partners renewed its position in the stock during Q3. Here is what they had to say about CVS in their Q3 2020 Investor Letter:
“CVS is a name we owned earlier but exited in the COVID hit to deploy funds to names offering more significant near term recovery potential. CVS lagged in the ensuing recovery but we still think it’s an undervalued mix of businesses. If you value the pieces, a healthcare insurance company, a pharmacy benefits manager, and a retail pharmacy, you get values roughly 50% greater than the current stock price. We think its vertical integration strategy around lowering the cost of healthcare through “Health Hubs” offers you free option value at current prices. We used long-term call options which we thought offered favorable risk-return.”
Kimberly Clark Corporation (NYSE:KMB), the American personal care corporation, is a new addition to Bridgewater’s 13F portfolio at the end of September. Dalio’s stake is worth almost $25 million, consisting of 168,674 shares. The stock is trading at a modest trailing PE ratio of 20; hence, KMB made its way into our top 5 cheap stocks bought by Ray Dalio.
Hedge funds had been getting more optimistic about Kimberly Clark Corporation, as 41 funds tracked by Insider Monkey held long positions in the stock at the end of Q2, up by 4 from Q2. The company shows strong third-quarter results. Sales have increased by 1% to $4.7 billion compared to the year-ago period, mainly due to pandemic-driven demand. Here is what Chairman and CEO Mike Hsu said with regards to the company’s third-quarter results:
“We delivered solid organic sales growth in the third quarter, with good underlying performance and increased demand because of COVID-19. We also achieved $140 million of cost savings and returned approximately $560 million to shareholders through dividends and share repurchases. While earnings in the quarter were down as expected, we’re raising our full-year outlook and now expect adjusted earnings per share will grow 9 to 11 percent this year. We continue to execute our strategies well and remain very optimistic about our opportunities to deliver balanced and sustainable growth and create long-term shareholder value.”
Bridgewater increased its stake in Baidu, Inc. (NASDAQ:BIDU), a Chinese technology company offering Internet-related services and products. The firm’s position was worth $61.5 million at the end of September and consisted of 486,021 shares. There was no change in hedge fund interest towards the stock during Q2, with a total of 49 hedge funds tracked by Insider Monkey holding long positions in BIDU. However, the number of hedge fund positions dipped to 43 by the end of September.
According to Yahoo Finance, BIDU is trading at a trailing PE ratio of 11.20 and is worth $49 billion. The stock returned 19.86% from the end of June (through December 2nd), slightly more than the market’s return of 19.42% during the same period. The company is also reporting strong third-quarter financial results, having benefited from the recovery in the Chinese economy. Hermany Yu, CFO of Baidu highlights the following:
“Our team executed in the third quarter with top line growth, resilient profitability and strong cash flow, a testament to the durability of Baidu’s business, despite China experiencing a second wave of COVID-19 in July. Our focus on differentiating Baidu with open-platform, in-app search and new AI businesses has enabled Baidu Core’s adjusted EBITDA margin to reach 46% in the third quarter.”
On top of the list is NetEase, Inc. (NASDAQ:NTES), in which Bridgewater holds a position worth $69.5 million, consisting of 151,920 shares. The stock is trading at a trailing PE ratio of 13.21, according to Yahoo Finance.
The company shows solid financial results for Q3 2020 compared to Q3 2019; net revenues increased by 27.5% to $2.7 billion, and gross profit increased by 25.6% to $1.5 billion. NetEase’s revenues from the online gaming segment represent nearly three-quarters of its total revenues in Q3, with mobile gaming accounting for the largest portion of the segment. We have featured NetEase, Inc. in our recent top 10 video gaming stocks to buy now. Mr. William Ding, CEO and Director of NetEase, highlighted the company’s other segments as well in their Q3 financial results:
“Our other businesses including Youdao, NetEase Cloud Music and Yanxuan are also on track, with promising year-over-year topline growth. As we work to bring even more value to our community and shareholders, we will continue to focus on expanding our sustainable growth prospects for each of our businesses.”
Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!
It’s the revolution reshaping every industry on the planet.
From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.
Here’s why this is the prime moment to jump on the AI bandwagon:
Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.
Imagine every sector, from healthcare to finance, infused with superhuman intelligence.
We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.
This isn’t a maybe – it’s an inevitability.
Early investors will be the ones positioned to ride the wave of this technological tsunami.
Ground Floor Opportunity: Remember the early days of the internet?
Those who saw the potential of tech giants back then are sitting pretty today.
AI is at a similar inflection point.
We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.
This is your chance to get in before the rockets take off!
Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.
AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.
The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.
As an investor, you want to be on the side of the winners, and AI is the winning ticket.
The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.
From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.
This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.
By investing in AI, you’re essentially backing the future.
The future is powered by artificial intelligence, and the time to invest is NOW.
Don’t be a spectator in this technological revolution.
Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.
This isn’t just about making money – it’s about being part of the future.
So, buckle up and get ready for the ride of your investment life!
Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)
The AI revolution is upon us, and savvy investors stand to make a fortune.
But with so many choices, how do you find the hidden gem – the company poised for explosive growth?
That’s where our expertise comes in.
We’ve got the answer, but there’s a twist…
Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.
That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!
Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.
This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.
It’s like having a race car on a go-kart track.
They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.
Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.
We want to make sure none of our valued readers miss out on this groundbreaking opportunity!
That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 70%.
For a ridiculously low price of just $29.99, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!
Here’s why this is a deal you can’t afford to pass up:
• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.
• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.
• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149
• Bonus Reports: Premium access to members-only fund manager video interviews
• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
• 30-Day Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.
Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.
Here’s what to do next:
1. Head over to our website and subscribe to our Premium Readership Newsletter for just $29.99.
2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.
3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.
Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!
No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a year later!
I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.
We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…
Should I put my money in Artificial Intelligence?
Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.
Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…
But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.
That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…
And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.
He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.
