5 Best Stocks To Buy According To 4 Billionaire Quants

5. Wal-Mart Stores Inc. (WMT)

AQR Capital, D.E. Shaw, and Renaissance Technologies are among the top 10 hedge fund holders of Wal-Mart Stores Inc (NYSE:WMT). Two Sigma had a relatively small position in Wal-Mart which is why WMT entered our list at #5. The biggest smart money positions in this retail giant belong to billionaires Warren Buffett and Bill Gates. Joel Greenblatt’s “magic formula” also sends a strong buy signal for Wal-Mart which lost nearly 21% since the beginning of this year. Wal-Mart’s profitability has been declining and we will be able to this in its 2016 quarterly earnings results more clearly. Exchange rates and increasing wages are the main culprits behind Wal-Mart’s poor performance. One thing positive for the stock is its 3% dividend yield.

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Walmart, WMT, retail