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3 Best Stocks to Buy According to Activist JANA Partners

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This article discusses the top 3 stock picks of billionaire Billionaire Barry Rosenstein’s JANA Partners at the end of June 2022. To know more about Mr Rosenstein’s journey, JANA Partners’ activist stakes, and recent changes the fund made to its portfolio, please check out 7 Best Stocks to Buy According to Billionaire Barry Rosenstein’s JANA Partners.

3. Laboratory Corp. of America Holdings (NYSE:LH)

JANA Partners’ Stake Value: $198,727,000

Percentage of JANA Partners’ 13F Portfolio: 17.18%       

Number of Hedge Fund Holders: 39

Apart from New Relic Inc (NYSE:NEWR), Laboratory Corp. of America Holdings (NYSE:LH) was another stock in which JANA Partners went for a significant increase in its holdings – by 88% to 847,958 shares – during Q2. JANA had disclosed a stake in the diagnostics and drug development company for the first time in the last quarter of 2020. After initiating the stake, the fund launched its activist campaign, which included nominating several directors, including industry veteran Mac Crawford to the company’s board.

The activist campaign launched by JANA seems to have succeeded quickly, with Laboratory Corp. of America Holdings (NYSE:LH) announcing a $2.5 billion stock buy-back and future dividend payments to shareholders in December last year. Furthermore, in July this year, the company also announced its plans to spin off its clinical development business into an independent, publicly-traded contract research organisation (CRO). This development can be attributed to Laboratory Corp. of America Holdings (NYSE:LH) launching a strategic review in March 2021 after being pushed for it by JANA Partners.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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