5 Best Non-AI Stocks to Buy According to Billionaire Stanley Druckenmiller

4. Alcoa (NYSE:AA)

Druckenmiller’s Stake: $99,057,000

Alcoa (NYSE:AA) is in the spotlight amid rising aluminum prices due to the ongoing Middle East conflict. Recently, UBS upgraded the stock and increased its price target. The firm believes supply disruptions cause aluminium prices to remain higher, which ultimately bodes well for Alcoa.

UBS aid Alcoa’s (NYSE:AA) valuation is attractive and highlighted its strong cash flow potential.

But the core thesis isn’t just about aluminium prices. Alcoa (NYSE:AA) has several secular growth catalysts. Aluminum is used in transportation, electricity infrastructure, construction, packaging, consumer durables, and machinery. Estimates suggest aluminum demand was estimated to rise by about 39% from 2020 through 2030. In the transportation sector, demand was estimated to jump a whopping 59%, thanks to the EV boom.

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