5 Best Cheap Stocks To Buy Now According To Ray Dalio

Page 5 of 5

1. NetEase, Inc. (NASDAQ:NTES)

On top of the list is NetEase, Inc. (NASDAQ:NTES), in which Bridgewater holds a position worth $69.5 million, consisting of 151,920 shares. The stock is trading at a trailing PE ratio of 13.21, according to Yahoo Finance.

The company shows solid financial results for Q3 2020 compared to Q3 2019; net revenues increased by 27.5% to $2.7 billion, and gross profit increased by 25.6% to $1.5 billion. NetEase’s revenues from the online gaming segment represent nearly three-quarters of its total revenues in Q3, with mobile gaming accounting for the largest portion of the segment. We have featured NetEase, Inc. in our recent top 10 video gaming stocks to buy now. Mr. William Ding, CEO and Director of NetEase, highlighted the company’s other segments as well in their Q3 financial results:

“Our other businesses including Youdao, NetEase Cloud Music and Yanxuan are also on track, with promising year-over-year topline growth. As we work to bring even more value to our community and shareholders, we will continue to focus on expanding our sustainable growth prospects for each of our businesses.”

Please see also 10 best growth stocks to buy now according to Ray Dalio and top 10 stocks Warren Buffett just bought.

Page 5 of 5