5 Best Stocks to Buy According to Billionaire Jeffrey Talpins

3. Baidu, Inc. (NASDAQ: BIDU)

Talpins’ Stake Value: $35,069,000
Percentage of Jeffrey Talpins’ 13F Portfolio: 8.03%
Number of Hedge Fund Holders: 89

Ranking 3rd on the list of the 10 best stocks to buy according to billionaire Jeffrey Talpins is Baidu, Inc. (NASDAQ: BIDU). This Chinese internet search giant’s shares perplexingly fell in 2018 and 2019, but in 2020, they suddenly began to rise. Between late November 2020 and mid-February of this year, Baidu, Inc. (NASDAQ: BIDU) shot up by 150%, in a burst of unprecedented growth for a mature company. Talpins owns 161,199 shares in the company, worth nearly $35.1 million. BIDU closed at $339.91 on February 19th this year and fell soon after, with shares beginning to be traded at values as low as $190. That was down over 40% from February. This recent fall may be interpreted as either an opportunity to rake in shares in the company while you can or to stay far away from it. But its track record might suggest that now is the time to buy shares in the company while they’re cheap, to profit in the long run.