Today we present you the list of the best growth stocks to buy now according to Ray Dalio published by Insider Monkey recently. Who is Ray Dalio? Well, he is the Founder, Co-Chairman, and Co-Chief Investment Officer of Bridgewater Associates, which is the biggest hedge fund in the worlap in the last fourty years.
Dalio is mainly interested in long-term perspectives, and despite the fund lost 22% in 2000, and another 20% in 2008, it managed to catch up with 20% between 2002 and 2004, and another 45% in 2010 and 2011. This year has been very tough for many companies due to the lockdown, but Dalio announced they had large number of opportunities for growth investments, and not only in the usual tech space. Due to the COVID-19 pandemic, healthcare sector and pharma industry are extremely attractive this year. Insider Monkey’s research managed to select a group of hedge fund holdings that the S&P 500 ETFs by more than 66 percentage points since March 2017, therefore reading the entire article is a must for everyone.
And now, without a further ado, let’s see the exciting opportunities that Insider Monkey has investigated for us. We are giving a short summerize of two stocks to buy, as usual. At first, on the fifth spot, here’s Costco Wholesale Corporation (NASDAQ: COST). According to Insider Monkey’s research, Costco is trading a trailing P/E ratio of 43, and the company has an amazing revenue of $26.05 billion from e-commerce. Berkshire Hathaway and Fisher Asset Management have the largest stocks, Berkshire had $1313.9 million, while Fisher Asset Managament owned $995.4 million, at the end of the Q3. JD.Com, Inc. (NASDAQ:JD) stands on the third spot of the compilation. Dalio increased the position in JD.com, we knew from Insider Monkey. The value of Bridgewater’s stocks in JD.com is around $129.5 million currently, and actually it’s 21% more than three months earler. Surprisingly despite all the difficulties and economical slow-down of this year, JD.com announced 30% of positive earnings at the end of the Q3, and since the end of June its stocks returned 35.5%. To gain more relevant and detailed information on this issue, please jump to the best growth stocks to buy now according to Ray Dalio.
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