5 Stocks to Buy Now According to Billionaire Howard Marks

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1. Chesapeake Energy Corporation (NASDAQ:CHK)

Holding Value: $ 619.88 million

Percentage of 13F portfolio: 8.32%

Number of Hedge Fund Holders: 43

Last but not least, Chesapeake Energy Corporation (NASDAQ:CHK) ranks on the top spot in our list of best stocks to buy now according to billionaire Howard Marks. As of the end of June, Oaktree Capital Management owns 11.94 million shares of the company worth $619.87 million.

Including Howard Marks, 43 hedge funds in our database reported ownership of Chesapeake Energy Corporation (NASDAQ CHK) in the latest round of 13F filings, up from 42 in the previous quarter. The total holdings of these funds are worth $1.91 billion as of the end of June.

In the second quarter of 2021, Chesapeake Energy Corporation (NASDAQ: CHK) posted EPS of $1.64, beating estimates by $0.46. Revenue for the quarter stood at $892.00 million, topping analysts’ forecasts by $150.53 million. The company has recently appointed its CFO Domenic Dell’Osso as its CEO.

You can also take a peek at the 10 High Yield Dividend Champions and 10 Reddit’s WallStreetBets Stocks Under $5.

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