Now we are going to take a look at the best large-cap stocks to buy now according to billionaire Ray Dalio, based on Insider Monkey’s latest article. Who is Raymond Thomas Dalio? Well, he is the American billionaire who established Bridgewater in 1985, and since then he has become one of the most successful hedge fund managers throughout the whole world. Bridgewater generated earnings of $50 billion in 2017. At the beginning, the company was a two-room business, and in the past 35 years, it has become on of the most lucrative businesses across the world, having more than 1,500 employees and managing more than $165 billion in total assets. The macro investor has held almost $8.13 billion of stocks compared to the previous market value of slightly below $6 billion, according to the latest quarterly fillings.
And now without a further ado, let’s check out what Insider Monkey has investigated for you. We have sorted out two stocks from the entire compilation, as usual. On the fifth spot there’s Coca-Cola Company (NYSE: KO). The beverage and food company Coca-Cola is new member in Ray Dalio’s portfolio. At the end of the third quarter, Bridgewater bought more than 2 million shares, valued at $100 million. The investment represents 1.21% of the portfolio. Coca-Cola is an excellent stock to buy on the lung-run, as well as PepsiCo and Johnson & Johnson. The reason is the company’s extensive dividend growth in the last 58 years, and the strong brand reputation the company enjoys. The third spot is given to The Procter & Gamble Company (NYSE: PG). Bridgewater bought 1.2 million shares for $170 billion in The Procter & Gamble Company gaining a strong position. The company now means 2.05% of overall Dalio’s portfolio. The company has increased dividends for the last six decades, and despite that its shares grew only 9% because of the pandemic the futures of the company is still strong. If you are interested in the entire article, please click the best large-cap sticks to buy according to Ray Dalio.
