Michael Burry is Shorting Tesla Inc. (NASDAQ: TSLA) and Buying These 5 Stocks Instead

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1. CoreCivic, Inc. (NYSE: CXW)

Number of Hedge Fund Holders: 18    

CoreCivic, Inc. (NYSE: CXW) is a Tennessee-based company that owns and runs prisons and federal detention centers across the United States. Scion Asset Management, controlled by Burry, owns more than 1 million shares of CoreCivic worth more than $9.9 million. This is close to 0.73% of the total investment portfolio of the asset management company. CoreCivic stock has returned more than 22% to investors year-to-date. 

CoreCivic, Inc. (NYSE: CXW) missed market estimates for revenue in quarterly results posted on May 5. According to the earnings report, the firm made a revenue of over $454 million against market predictions exceeding $469 million. 

At the end of the fourth quarter of 2020, 18 hedge funds in the database of Insider Monkey held stakes worth $67 million in CoreCivic, Inc. (NYSE: CXW), down from 19 in the previous quarter worth $54 million.

You can also take a peek at 10 Best Travel Stocks to Buy Right Now, and 10 Best Automotive Stocks to Invest in Now.

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