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

2. LG Display Co., Ltd. (NYSE: LPL)

Simons’ Stake Value: $845,000
Percentage of Jim Simons’ 13F Portfolio: 0.001%
Number of Hedge Fund Holders: 9

LG Display Co., Ltd. (NYSE: LPL) manufactures, designs and sells organic light emitting diode and of thin-film transistor liquid crystal display. It is ranked second on our list of 10 best cheap stocks to buy now according to billionaire Jim Simons. LG Display Co., Ltd. (NYSE: LPL) stock has offered investors returns exceeding 151.42% in the past year. 

In May, Apple teamed up with LG Display for foldable phones. For Q1 LG Display reported net income of KRW266 billion, while the revenue was up 46% YoY to KRW6.88 trillion. In April, Fitch Ratings upgraded the stock to ‘BBB’ from ‘BBB-.’ The firm expects improving operational stability for the company.

Renaissance owns 84,600 shares in the company worth over $845,000, representing 0.001% of their portfolio. Out of the hedge funds being tracked by Insider Monkey, Arrowstreet Capital is a leading shareholder in LG Display Co., Ltd. (NYSE: LPL) with 1.46 million shares worth more than $14.54 million.