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8 Best Stocks to Buy According to Billionaire Marc Lasry

In this article, we will take a look at the 8 Best Stocks to Buy According to Billionaire Marc Lasry. To skip our analysis of Marc Lasry’s profile, investment strategy, and 13F holdings, you can go directly to see the 3 Best Stocks to Buy According to Billionaire Marc Lasry.

Avenue Capital Management is a hedge fund with 39 clients and discretionary assets under management of $7.215 billion. In 1995, Avenue Capital Group’s senior principals, Marc Lasry and Sonia Gardner, established the multinational investment company. The company’s main areas of concentration include distressed debt, exceptional situations investments, and specialty loans in the US, EU, and SEA. Almost all of the senior principals’ and senior portfolio managers’ careers have been devoted to this investment strategy. The firm, which has its headquarters in New York, three offices in Europe, four offices in Asia, a location in Silicon Valley, and an office in Abu Dhabi, is in charge of managing assets valued at about $12.2 billion as of August 31, 2022.

On June 15, Avenue Capital Group LLC CEO Marc Lasry, in an interview with Bloomberg TV, said that the markets have probably not reached their bottom, but that is no excuse not to purchase the dip. Up until the end of the year, Lasry predicted that there would be additional selling and pain. According to Lasry, you should invest as soon as you can because you can never predict when a bottom will occur. In contrast, Lasry anticipates a grimmer future for the cryptocurrency markets, where he has invested through his 2021 investment in BlockTower Capital. This is largely because Bitcoin and other assets have been viewed as such a safe haven that their drop has increased panic. People are “now quite anxious” since “nobody imagined Bitcoin was going to go as low as it has, or Coinbase,” according to Lasry.

Our Methodology

These stocks were picked from the second quarter 2022 13F portfolio of Avenue Capital. We selected the top 8 holdings for Marc Lasry’s Avenue Capital for the second quarter of 2022. The hedge fund sentiment around each stock was taken from Insider Monkey’s Q2 database of 895 elite hedge funds.

8 Best Stocks to Buy According to Billionaire Marc Lasry

08. Exela Technologies, Inc. (NASDAQ:XELA)

Avenue Capital’s Stake Value: $0.542 million

Percentage of Avenue Capital’s 13F Portfolio: 0.82%

Number of Hedge Fund Holders: 7

Exela Technologies, Inc. (NASDAQ:XELA) provides transaction processing solutions, enterprise information management, document management, and digital business process services worldwide. The company is based in Irving, Texas.

Avenue Capital just initiated a stake in Exela Technologies, Inc. (NASDAQ:XELA) during Q2 by acquiring 3,875 of its shares worth roughly $542,000. On August 18, B. Riley analyst Zach Cummins cut his price target for Exela to $2 from $7, but maintained a ‘Neutral’ rating on the stock. According to a research note from Cummins to investors, the company’s Q2 results fell short of forecasts due to a global network outage near the end of June, inflationary pressures, and ongoing labor shortages. The analyst thinks that Exela’s measures regarding its balance sheet will probably harm owners of common equity. The stock has lost 95.84% value year to date. Seven hedge funds are holding a stake in Exela Technologies, Inc. (NASDAQ:XELA) as of Q2, valued at around $2.532 million.

07. Rani Therapeutics Holdings, Inc. (NASDAQ:RANI)

Avenue Capital’s Stake Value: $0.649 million

Percentage of Avenue Capital’s 13F Portfolio: 0.98%

Number of Hedge Fund Holders: 2

Rani Therapeutics Holdings, Inc. (NASDAQ:RANI) is a clinical-stage biotherapeutics business that creates oral biologics. The business was established in 2012, and its main office is in San Jose, California. For a variety of medication treatments, the company is developing the RaniPill robotic drug delivery pill system. A loan of up to $45 million was agreed upon by Rani Therapeutics (NASDAQ:RANI) and Avenue Venture Opportunities Fund on August 8. This money will be used for the ongoing clinical testing of the company’s pharmacological pipeline as well as for developing the RaniPill platform.

On August 12, Rani Therapeutics Holdings, Inc. (NASDAQ:RANI) canceled the planned public offering of its Class A common shares, citing unfavorable market conditions as the main reason. The stock has lost 47.82% value year to date. Rani Therapeutics Holdings, Inc. (NASDAQ:RANI) announced its latest quarterly earnings results on August 10. It reported an EPS GAAP actual of -$0.31 beating estimates by $0.06. However, it missed the revenue target by $130,000. Avenue Capital is holding 62,828 shares of Rani Therapeutics (NASDAQ:RANI), worth roughly $649,000. The only other hedge fund holding Rani Therapeutics (NASDAQ:RANI) shares out of the 895 hedge funds tracked by Insider Monkey is Israel Englander’s Millennium Management holding 111,781 of its shares worth roughly $1.15 million.

06. Forge Global Holdings, Inc. (NYSE:FRGE)

Avenue Capital’s Stake Value: $2.487 million

Percentage of Avenue Capital’s 13F Portfolio: 3.78%

Number of Hedge Fund Holders: 12

Forge Global Holdings, Inc. (NYSE:FRGE) is a private equity company that provides pre-IPO private company buyers and sellers with listing services. Avenue Capital initiated a stake in the company during Q1, 2022, by acquiring 251,508 of its shares. The stake has remained unchanged during Q2. The stock has lost 64.18% value year to date. The number of hedge funds holding Forge Global Holdings, Inc. (NYSE:FRGE) shares reduced from 17 in the previous quarter to 12 in the current quarter.

On August 26, Devin Ryan, an analyst with JMP Securities, began covering Forge Global Holdings, Inc. (NYSE:FRGE) with an Outperform rating and a $10 price target, which represents a potential 200% increase over the current price. Ryan informs investors in a research report that Forge is a top provider of private market exchange data and services. According to the analyst, the company is creating a “highly distinctive, technology-enabled marketplace” that is ideally positioned to profit from “strong secular tailwinds,” fostering the long-term expansion of private markets.

05. Impel Pharmaceuticals Inc. (NASDAQ:IMPL)

Avenue Capital’s Stake Value: $3.806 million

Percentage of Avenue Capital’s 13F Portfolio: 5.79%

Number of Hedge Fund Holders: 6

Avenue Capital upped its stake in Impel Pharmaceuticals Inc. (NASDAQ:IMPL) by 24% during Q2 holding 408,329 of its shares worth roughly $3.806 million. On August 15, the company released its quarterly results. It reported an EPS of -$1.09 and revenue of $2.80 million, both below the market consensus. Impel Pharmaceuticals Inc. (NASDAQ:IMPL) had around $97.8 million in cash and cash equivalents as of June 30, 2022. According to the company’s projected operational strategy, it believes that it has enough money to fund operations through 2024. The stock has lost 25.31% value year to date.

On August 24, Impel Pharmaceuticals Inc. (NASDAQ:IMPL) was covered by JonesTrading analyst Sean Kim with a Buy rating and a $26 price target. Kim informs investors in a research note that Impel Pharmaceuticals Inc. (NASDAQ:IMPL) is an early commercial stage company with its lead asset Trudhesa in the acute treatment of migraine headaches. By 2030, the analyst projects Trudhesa sales to be close to $500 million. Along with Trudhesa, he views INP105, a treatment for agitation in autism that is currently in Phase 2, as an “incremental, potentially meaningful long-term opportunity for Impel.”

04. Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Avenue Capital’s Stake Value: $8.414 million

Percentage of Avenue Capital’s 13F Portfolio: 12.8%

Number of Hedge Fund Holders: 42

Frontier Communications Parent, Inc. (NASDAQ:FYBR) is based in Norwalk, Connecticut, and it was founded in 1935. In 25 US states, Frontier Communications Parent, Inc. and its subsidiaries offer communications services to residential and commercial clients. The stock is down 16.89% year to date. In April 2020, Frontier Communications Parent, Inc. (NASDAQ:FYBR) filed for Chapter 11 bankruptcy. The company emerged from bankruptcy on April 30, 2021. The goal of Frontier Communications Parent, Inc. (NASDAQ:FYBR) post-bankruptcy transition is to turn the company from a failing enterprise into a burgeoning fiber internet service provider. Avenue Capital’s stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR) remain unchanged during Q2.

On September 9, with a Neutral rating and a $25 price target, Credit Suisse analyst Grant Joslin began following Frontier Communications. Although Joslin believes Frontier’s post-emergence execution credentials are undeniable, the analyst tells investors in a research note that the ability of its fiber build to ultimately create equity value depends on the direction of broadband competition as reflected in gross add share, churn, and pricing, all of which he does not see clarifying anytime soon. Joslin further claims that Frontier Communications Parent, Inc. (NASDAQ:FYBR) bleak free cash flow picture and rising leverage are unlikely to draw additional investors in this economic climate.

Click to continue reading and see 3 Best Stocks to Buy According to Billionaire Marc Lasry.

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Disclosure: None. 8 Best Stocks to Buy According to Billionaire Marc Lasry is originally published on Insider Monkey.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

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Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…