Microsoft Corporation (MSFT) Among Billionaire Ray Dalio’s Long-Term Stock Picks

Bridgewater increased the size of its position in Kohl’s Corporation (NYSE:KSS) to a total of about 310,000 shares. The department store has something of a value case going for it with a trailing earnings multiple of 12, though Kohl’s did report 17% lower net income in the fourth quarter of its last fiscal year (which ended in early February) versus a year earlier. Still, the stock is cheap enough that we’d say it is worth a closer look. In April we had reported on an insider buying 2,500 shares of Kohl’s at an average price of $45.38 per share (see a history of insider purchases at Kohl’s).

The fund disclosed ownership of about 290,000 shares of gold miner Newmont Mining Corp (NYSE:NEM) at the end of December. Newmont’s earnings dropped 36% last quarter compared to the first quarter of 2012, and the stock price has about matched the decline with a 28% fall in the last year. We would note that Newmont recently increased its quarterly dividend payment and the current annual yield is a little over 4%. Earnings multiples are decent but we would be worried about the exposure to gold prices. Mario Gabelli’s GAMCO Investors is another major shareholder in Newmont.

Disclosure: I own no shares of any stocks mentioned in this article.