5 Best Stocks Under $50 According to Billionaire Ray Dalio

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1. Boston Scientific Corporation (NYSE:BSX)

Bridgewater Associates’ Stake Value: $117,192,000 

Percentage of Bridgewater Associates’ 13F Portfolio: 0.47%

Share Price as of June 27: $37.82

Number of Hedge Fund Holders: 55

Billionaire investor Ray Dalio is bullish on Boston Scientific Corporation (NYSE:BSX). In the first quarter of 2022, Ray Dalio’s hedge fund increased its stakes in the med-tech company by 45%. As of March 31, Bridgewater Associates owns 2.64 million shares of the company which amounts to a stake of $117.19 million. The investment covers 0.47% of Ray Dalio’s 13F portfolio.

Analysts are also bullish on Boston Scientific Corporation (NYSE:BSX). On June 15, BofA analysts named Boston Scientific Corporation (NYSE:BSX) among its “Best Ideas” from the large-cap med-tech sector. BofA analysts have a $47 price target and a Buy rating on Boston Scientific Corporation (NYSE:BSX). Moreover, on June 24, BTIG analyst Marie Thibault lowered her price target on Boston Scientific Corporation (NYSE:BSX) to $45 from $52 but maintained a Buy rating on the shares.

At the close of Q1 2022, 55 hedge funds were long Boston Scientific Corporation (NYSE:BSX) with stakes worth $4.67 billion. This is compared to 46 positions in the preceding quarter with stakes worth $3.96 billion. The hedge fund sentiment for the stock is positive.

You can also take a look at 10 Best Stocks to Buy According to Billionaire Ray Dalio and 10 Best High Yield Dividend Stocks Under $50.

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