3 Best Stocks to Buy According to Billionaire Marc Lasry

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In this article, we will be taking a look at the 3 best stocks to buy now according to billionaire Marc Lasry’s Avenue Capital. To read our detailed analysis of Lasry’s profile, investment strategy, and 13F holdings, you can go directly to see the 8 Best Stocks to Buy According to Billionaire Marc Lasry.

03. Paramount Global (NASDAQ:PARA)

Avenue Capital’s Stake Value: $8.473 million

Percentage of Avenue Capital’s 13F Portfolio: 12.89%

Number of Hedge Fund Holders: 42

A media and entertainment business, Paramount Global (NASDAQ:PARA) operates internationally. Before changing its name to Paramount Global in February 2022, Paramount Global was known as ViacomCBS Inc. The business was founded in 1986 and is based in New York. For Q2, 2022, Avenue Capital increased its stake in Paramount Global (NASDAQ:PARA) by 24% in Q2, holding 214,606 of its shares worth roughly $8.473 million. As of Q2 2022, 42 of the 895 hedge funds tracked by Insider Monkey have positions in Paramount Global (NASDAQ:PARA), worth $2.58 billion.

On August 5, Bryan Kraft, an analyst at Deutsche Bank, maintained a Buy rating on the shares while lowering his price target for Paramount Global (NASDAQ:PARA) from $35 to $32.

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