5 Best Stocks To Buy Now According To Quant Billionaires

2. Facebook, Inc. (NASDAQ: FB)

Two Sigma Advisors increased the stake in Facebook Inc (NASDAQ: FB) by 124% during the December quarter to 1.7 million shares. It is ranked second in the list of 10 best stocks to buy now according to quant billionaires. The firm first initiated a position in FB in 2013. The Facebook share price has been struggling this year after generating robust gains in 2020.

Kinsman Oak Capital Partners Inc., an independent Toronto-based boutique investment firm, highlighted a few stocks including Facebook in their Q4 investor letter. Here’s what Kinsman Oak Capital Partners stated:

“Our view on Facebook (FB) may be somewhat controversial. The bear case for FB boils down to antitrust risk and valuation. Facebook, although to a lesser degree, is a relative value bargain as well. We believe the company possesses an element of platform risk that Alphabet does not but, compared to the rest of the market, the stock still seems undervalued. We compared Facebook to the Russell 2000, an index full of cyclical businesses that are considered no-brainers at the beginning of a recovery and popular re-opening stocks that are poised to go higher after the vaccine is distributed (Appendix E). Facebook is significantly cheaper, growing faster, has a larger economic moat, superior margin profile, and requires less capex.”