Below are the 5 best stocks to buy for 2021 according to billionaire Stanley Druckenmiller. For a comprehensive list, please see the 10 best stocks to buy according to billionaire Stanley Druckenmiller.
5. Sea Limited (NYSE: SE)
The e-commerce gaming fintech player Sea Limited (NYSE: SE) is one of the best stocks to buy for 2021 according to Stanley Druckenmiller. The billionaire investor first initiated a position in Sea Limited during the first quarter of 2019 and it currently accounts for 4.39% of the portfolio valued at $151 million. It is the fifth-largest stock holding of Druckenmiller’s family office portfolio.
Sea Limited is one of the best performers of this year. Its share price soared close to 420% in the last twelve months, thanks to strong demand amid staying at home policies. The e-commerce gaming fintech company has reported 100% year over year revenue growth in the latest quarter, with expectations that full-year revenue will increase 119% from fiscal 2019.
The robust revenue growth also helped the company in turning the losses into profits. Its September quarter at adjusted EBITDA came in at $120.4 million compared to a loss of $30.8 million in the year-ago period.