5 Best Stocks To Invest In Right Now According To Tech Billionaire

1. JD.com (NASDAQ: JD)

The Chinese e-commerce platform JD.com (NASDAQ: JD) is the largest stock holding of tech billionaire Chase Coleman’s portfolio. The hedge fund currently holds 51 million shares of JD valued above $4 billion, accounting for 11.80% of the overall portfolio. JD share price soared almost 140% in the last twelve months.

Hayden Capital recently pointed to the performance of JD.com in a letter to shareholders. The firm stated: “We originally bought the position in March 2017, predicated on the thesis that as Chinese GDP per capita rises, consumers would increasingly place emphasis on shipping times and name brand / authentic products. In addition, as the consumer base widened and shoppers got in the habit of instant gratification (due to same day / next day shipping), they would engage with the platform more often. The thesis was that this engagement and resulting loyalty to the platform, would allow JD to branch out into higher-margin general merchandise categories (which also have higher order frequencies) vs. their traditional electronics & appliances (lower margin, low order frequency), which would result in higher profits and margins.

Please also see: 15 Best Long-Term Stocks To Buy Now and 10 Best Large-Cap Stocks To Buy According to Ray Dalio