5 Best Defensive Stocks to Buy Today According to Billionaire Ken Fisher

In this article, we discuss the 5 best defensive stocks to buy today according to billionaire Ken Fisher. If you want to read our detailed analysis of Fisher’s history and hedge fund performance, go directly to the 10 Best Defensive Stocks to Buy Today According to Billionaire Ken Fisher.

5. ASML Holding N.V. (NASDAQ: ASML)

Number of Hedge Fund Holders: 35

The information technology company ASML Holding N.V. (NASDAQ: ASML) is also a member of the 10 best defensive stocks to buy today according to billionaire Ken Fisher. At the end of the first quarter, his firm Fisher Asset Management held 3.96 million shares of ASML valued at $2.44 billion. ASML Holding’s beta is standing around 0.95 and its share price grew more than 90% in the last twelve months.

ClearBridge Investments, an investment management firm, mentioned a few stocks including ASML Holding in the first quarter investor letter. Here is what ClearBridge Investments stated:

“Within IT, we have also increased exposure to a cyclical semiconductor industry currently working through a severe supply shortage due to several years of capacity reductions, COVID-19 shutdowns and one-off production delays as well as demand resilience in areas like autos and smartphones. Two recent additions (including), semiconductor capital equipment firm ASML were among the portfolio’s leading contributors in the first quarter. ASML, which operates in a virtual monopoly for high-end chipmaking equipment, began to exert pricing power as it works through an order backlog that has stretched to over a year. Both are Dutch-based companies and out-of-benchmark names that provide access to different growth profiles than are available in the U.S.”