2 New Stocks to Invest In According to Michael Burry

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.

1. McKesson Corporation (NYSE: MCK) CALL

Number of Hedge Fund Holders: 51

McKesson Corporation (NYSE: MCK) is ranked first on our list of 7 new stocks to invest in according to Michael Burry. The company provides healthcare solutions and is headquartered in Texas. Latest data shows that Scion Asset Management owned CALL options on 682,400 shares in the firm at the end of the second quarter of 2021 worth $130 million, representing 6.26% of the portfolio. 

On July 8, investment advisory Jefferies maintained a Buy rating on McKesson Corporation (NYSE: MCK) stock with a price target of $225, noting that a decision by the firm to sell European assets had improved the long-term growth outlook on the firm.

Out of the hedge funds being tracked by Insider Monkey, New York-based firm Pzena Investment Management is a leading shareholder in McKesson Corporation (NYSE: MCK) with 3.1 million shares worth more than $609 million. 

You can also take a peek at 10 Penny Stocks Redditors are Buying in August and 10 Best Nickel Stocks to Buy Now.