5 Best Stocks to Buy According to George Soros

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Below is the list of the 5 best stocks to buy according to George Soros. For a comprehensive list and detailed discussion please see 10 Best Stocks to Buy According to George Soros.

At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, artificial intelligence is one of the fastest-growing industries right now, so we are checking out stock pitches like this emerging AI stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Now, let’s take a look at George Soros’ top 5 stock picks:

5. FIGS, Inc. (NYSE:FIGS

Number of hedge fund holders: 12

Soros Fund Management initiated a huge position in FIGS, Inc. (NYSE:FIGS) during the second quarter. The firm bought $159 million worth of stake in direct-to-consumer healthcare apparel and lifestyle company. FIGS stock price soared sharply since its debut on NYSE in May. The share price rally is backed by strong financial numbers and growth indicators. 

The company generated net revenue of $101 million in the second quarter, up 57.6% from the past year period. In addition, its active customers grew by 79.2% to 1.6 million in the second quarter. 

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