2 New Stocks to Invest In According to Michael Burry

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In this article, we discuss the 2 new stocks to invest in according to Michael Burry. If you want to read our detailed analysis of these stocks, go directly to the 7 New Stocks to Invest In According to Michael Burry.

2. Walmart Inc. (NYSE: WMT) CALL

Number of Hedge Fund Holders: 71 

Walmart Inc. (NYSE: WMT) is an Arkansas-based company that operates a chain of retail stores. It is placed second on our list of 7 new stocks to invest in according to Michael Burry. Regulatory filings reveal that Scion Asset Management owned CALL options on 378,600 shares in the firm at the end of the second quarter of 2021 worth $53.3 million, representing 2.56% of the portfolio. 

On August 18, investment advisory MKM Partners maintained a Neutral rating on Walmart Inc. (NYSE: WMT) stock and raised the price target to $156 from $152, appreciating the second quarter earnings of the retail giant. 

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in the firm with 12.6 million shares worth more than $1.7 billion.

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