Billionaire Chris Rokos’ Top 15 Stock Picks

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10. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 235

Rokos Capital Management’s Stake: $73.8 million 

Meta Platforms, Inc. (NASDAQ:META) engages in the development of products that enable people to connect and share with friends and family. The following qualities make this company a lucrative investment. First of all, as per the report of the third quarter of 2024, share repurchases were $8.86 billion of Class A common stock and total dividend and dividend equivalent payments were $1.26 billion. This demonstrates that the company holds confidence in its financial strength and is returning value to shareholders by minimizing the number of outstanding shares. Moreover, cash, cash equivalents, and marketable securities were $70.90 billion as of September 30, 2024 and free cash flow was $15.52 billion. This shows the company’s ability to generate significant cash after operational expenses, which may boost investor’s confidence in the company. Secondly, the company is launching GenAI tools to businesses on WhatsApp that may attract investors as these generative AI chatbots could deliver incremental revenue of $16.6 billion in 2025 and up to $45 billion by 2030, with an estimated 2.7 billion users on WhatsApp.

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