Today we are going to discuss the list of the best cheap stocks to buy now according to Ray Dalio, published by Insider Monkey recently. Ray Dalio is the Founder, Co-Chief Investment Officer, Co-Chairman, of Bridgewater Associates, which is the largest hedge fund across the globe having more than $140 billion in assets under management. Since 1994 Bridgewater Associates has been among the most successful hedge funds all over the world, having an average annualized gains of 10.4%.
Although the pandemic hit the whole world, Dalio has been confident regarding to the near future. Although the fund lost 22% during the dot-com crash in 2000, and another 20% in the financial crisis in 2008, but it managed to gain 20% between 2002 and 2004, what’s more, another 45% and 25% in 2011.
So which are these stocks according to Ray Dalio? You don’t need to wait long as we have picked two stocks from Insider Monkey’s article, as you could have accustomed to it. At first, General Mills, Inc. (NYSE:GIS) stands on the fifth spot, which was bought by Ray Dalio’s Bridgewater Associates. General Mills Inc is a United States headquartered company manufacturing consumer food. Bridgewater boosted its stake in GIS by 1277%, its current position being valued at $18.7 million. There were a total of 37 hedge funds with bullish GIS bets at the end of September. The current value of the stock is $36.8 billion. Actually, General Mills is among the few winners of the pandemic situation of 2020, as it has become stronger and more lucrative. General Mills is followed by Kimberly Clark Corporation (NYSE:KMB) on the third spot. Bridgewater has recently given it to its 13F portfolio. Kimberly Clark Corporation is a personal care corporation in the United States. The value of Bridgewater’s stake is currently $25 million, including 168,674 shares. According to Insider Monkey’s research 41 funds held long positions in the stock at the end of the Q2 up by 4 from Q2. For more detailed information, please jump to the best cheap stocks to buy now according to Ray Dalio.