5 Best Stocks to Buy According to Michael Burry

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In this article, we discuss the 5 best stocks to buy according to Michael Burry. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Stocks to Buy According to Michael Burry.

5. Walmart Inc. (NYSE: WMT) CALL

Number of Hedge Fund Holders: 71 

Walmart Inc. (NYSE: WMT) is ranked fifth on our list of 10 best stocks to buy according to Michael Burry. The company operates in the retail business and is headquartered in Arkansas. At the end of June 2021, Burry, through Scion Asset Management, owned CALL options on 378,600 shares in the retailer that are worth $53.3 million. This represents 2.56% of the portfolio. Regulatory filings reveal that Walmart is a new addition to the Scion portfolio compared to the first quarter of 2021.

On August 18, investment advisory Cowen reiterated an Outperform rating on Walmart Inc. (NYSE: WMT) stock and raised the price target to $175 from $170, noting that the momentum in food and other categories was supporting traffic growth for the firm. 

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in the firm with 12.6 million shares worth more than $1.7 billion.

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