Billionaire Louis Bacon’s Top 10 Long-Term Stock Picks

6. Alight, Inc. (NYSE:ALIT)

Number of Hedge Fund Holders: 40

Moore Global Investments’ Stake: $25 million

Alight, Inc. (NYSE:ALIT) is a leading cloud-based human capital technology and services provider that powers confident health, wealth and well-being decisions for 36 million people and dependents. This company stands out as a prime investment opportunity due to multiple compelling factors. Firstly, the improved financial growth, as illustrated in the report for the third quarter of 2024, shows a promising picture. For instance, Business Process as a Service (BPaaS) revenue grew 18.6% to $121 million, representing 21.8% of total revenue. In addition, gross profit was $174 million and gross profit margin was 31.4%, compared to $166 million and 29.8% in the prior year period, respectively, and adjusted gross profit was $200 million and adjusted gross profit margin was 36%, compared to $192 million and 34.5% in the prior year period, respectively. Moreover, the company has completed cloud migration transformation, delivering enhanced performance and significant cost savings, which may attract investors. Another project that may catch investors’ attention is the integration of the Alight LumenAITM engine across the Alight Worklife platform, which would create a cohesive AI ecosystem to deliver innovation.