5 Best Cheap Stocks to Buy Now According to Billionaire Jim Simons

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In this article we discuss the 5 best cheap stocks to buy now according to billionaire Jim Simons. If you want to read our detailed analysis of Simons’ history and hedge fund performance, go directly to the 10 Best Cheap Stocks to Buy Now According to Billionaire Jim Simons.

At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, advertising technology one of the fastest growing industries right now, so we are checking out stock pitches like this under-the-radar adtech stock that can deliver 10x gains. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind, let’s now take a look at the best cheap stocks to buy according to Jim Simons.

5. Mobile TeleSystems Public Joint Stock Company (NYSE: MBT)

Simons’ Stake Value: $180,031,000
Percentage of Jim Simons’ 13F Portfolio: 0.22%
Number of Hedge Fund Holders: 11

Mobile TeleSystems Public Joint Stock Company (NYSE: MBT) provides telecommunication services in Russia. It is placed fifth on our list of 10 best cheap stocks to buy now according to billionaire Jim Simons. Mobile TeleSystems stock has offered investors returns exceeding 10% over the course of the past three months.

The company posted EPS of RUB9.36 in Q1 2021, while the revenue was up 5.5% YoY to RUB123.9 billion. In Q4 2020 the revenue was up 7.4% YoY to RUB 133.7 billion.



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