5 Best Stocks to Buy Now According to Billionaire Marc Lasry’s Avenue Capital

In this article, we will be taking a look at the 5 best stocks to buy now according to billionaire Marc Lasry’s Avenue Capital. To read our detailed analysis of Lasry’s profile, investment strategy, and 13F holdings, you can go directly to see the 10 Best Stocks to Buy Now According to Billionaire Marc Lasry’s Avenue Capital.

5. Twitter, Inc. (NYSE:TWTR)

Avenue Capital’s Stake Value: $11,753,000

Percentage of Avenue Capital’s 13F Portfolio: 5.8%

Number of Hedge Fund Holders: 68

Twitter, Inc. (NYSE:TWTR) is a major communication services company operating one of the largest and most popular social media platforms today. The company’s platform allows public self-expression and conversation alongside giving users the chance to consume, create, distribute, and discover new online content.

Barton Crockett, an analyst at Rosenblatt, upgraded shares of Twitter, Inc. (NYSE:TWTR) to Buy this July. The analyst also raised his price target on the stock to $52.

Alongside upgrading the stock, Crockett has commented that Twitter, Inc. (NYSE:TWTR) seems to be an attractive near-term opportunity. He added that rising information about the company’s lawsuit with Elon Musk implies that the company has more leverage. Hindenburg, an investment firm, agreed with Crockett’s positive evaluation of the stock, adding that it has gathered a significant long position in Twitter, Inc. (NYSE:TWTR). With such positive investor sentiment surrounding the stock, it has become one of the top holdings in Avenue Capital’s portfolio.

In the first quarter of 2022, 68 hedge funds were long Twitter, Inc. (NYSE:TWTR), with a total stake value of $2.1 billion.