Billionaire Chris Hohn’s Top 9 Stock Picks

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1. GE Vernova Inc. (NYSE:GEV)

Number of Hedge Fund Holders: 89   

TCI Fund Management’s Stake: $9 billion  

GE Vernova Inc. (NYSE:GEV) is a high-tech industrial firm. These points showcase why the company is a strong contender for investment. Firstly, the report for the third quarter of 2024 showed great financial results, with demand driving orders up 28%. The company grew earnings by 25% and produced substantial free cash flow, both largely driven by services. The company also secured narrowbody wins as Avolon ordered 150 LEAP-1A engines to power 75 A320 aircraft and announced widebody commitments from EVA Air for GEnx engines to power four 787s and Qatar Airways for 40 GE9X engines to power 20 777s. Secondly, the company has reinstated dividends across its entities. GE Aerospace pays $0.28 per share, GE Vernova has announced a $0.25 per share dividend effective Q1 2025, and GE HealthCare initiated a $0.035 per share dividend.

While we acknowledge the potential of GE Vernova Inc. (NYSE:GEV) as an investment, our conviction lies in the belief that some stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a stock that is more promising than GE Vernova Inc. (NYSE:GEV) but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

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