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5 Best Value Stocks To Buy Heading Into 2024 (Picked By Seth Klarman)

In this piece, we will take a look at the five best value stocks picked by Seth Klarman to buy heading into 2024. If you want to learn more about the hedge fund investor and why he’s a value investing guru, then check out 12 Best Value Stocks To Buy Heading Into 2024 (Picked By Seth Klarman).

5. Clarivate Plc (NYSE:CLVT)

Baupost Group’s Q3 2023 Investment: $150 million

Latest Price to Forward Earnings Ratio: 7.5

Clarivate Plc (NYSE:CLVT) is a British technology company that helps researchers and businesses with their analytics and other software related needs. Despite a tough environment for organizational spending due to high interest rates and inflation, the firm has done well financially as it has beaten analyst EPS estimates in most of its latest quarters.

Insider Monkey dug through 910 hedge fund portfolios for their Q2 2023 investments and found 39 Clarivate Plc (NYSE:CLVT) investors. Leonard Green’s Leonard Green & Partners owned the largest stake among these, which was worth $1.1 billion.

Follow Clarivate Plc (NYSE:CLVT)

4. CRH plc (NYSE:CRH)

Baupost Group’s Q3 2023 Investment: $183 million

Latest Price to Forward Earnings Ratio: 12.12

CRH plc (NYSE:CRH) is an Irish construction materials provider. The firm’s average share price target of $69.89 prices in a $10 upside over the current share price, and seems like Baupost Group is cognizant of this since it added CRH plc (NYSE:CRH) to its portfolio during Q3 2023.

During the previous quarter, 20 among the 910 hedge funds part of Insider Monkey’s database had also bought the firm’s shares. CRH plc (NYSE:CRH)’s biggest hedge fund shareholder back then was Edgar Wachenheim’s Greenhaven Associates due to its $116 million investment.

Follow Crh Public Ltd Co (NYSE:CRH)

3. Willis Towers Watson Public Limited Company (NASDAQ:WTW)

Baupost Group’s Q3 2023 Investment: $325 million

Latest Price to Forward Earnings Ratio: 14.99

Willis Towers Watson Public Limited Company (NASDAQ:WTW) is a British financial services firm that is also one of the oldest on our list since it was set up in 1828. The firm’s investors were in for some good news as the Q3 filings rolled in as Brandes Investment Partners significantly upped its stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW).

As of June 2023 end, 32 out of the 910 hedge funds polled by Insider Monkey had invested in Willis Towers Watson Public Limited Company (NASDAQ:WTW). Jean-Marie Eveillard’s First Eagle Investment Management owned the largest stake among these, which was worth $1.1 billion and came via 4.9 million shares.

Follow Willis Towers Watson Plc (NASDAQ:WTW)

2. The Liberty SiriusXM Group (NASDAQ:LSXMA)

Baupost Group’s Q3 2023 Investment: $378 million

Latest Price to Forward Earnings Ratio: 8.82

The Liberty SiriusXM Group (NASDAQ:LSXMA) is an American entertainment company that provides radio networks and other services. Despite the fact that the firm has missed analyst EPS estimates in two of its four latest quarters, analysts have rated the shares as Strong Buy on average.

By the end of this year’s second quarter, 43 out of the 910 hedge funds part of Insider Monkey’s database had invested in the company. The Liberty SiriusXM Group (NASDAQ:LSXMA)’s biggest shareholder during the time period was Warren Buffett’s Berkshire Hathaway as it owned 43 million shares that were worth $1.4 billion.

Follow Liberty Media Corp (NASDAQ:FWONK)

1. Fidelity National Information Services, Inc. (NYSE:FIS)

Baupost Group’s Q3 2023 Investment: $384 million

Latest Price to Forward Earnings Ratio: 11.16

Fidelity National Information Services, Inc. (NYSE:FIS) is a financial technology company that serves the needs of banks and other institutions. The firm has beaten analyst EPS estimates in all four of its latest quarters, and analysts have set an average share price target of $64.70.

67 out of the 910 hedge funds polled by Insider Monkey for their Q2 2023 investments had held a stake in Fidelity National Information Services, Inc. (NYSE:FIS). Seth Klarman’s Baupost Group owned the largest stake among these which was worth $370 million.

Follow Fidelity National Information Services Inc. (NYSE:FIS)

Disclosure: None. You can also take a look at Morgan Stanley’s 15 Stock Picks for 2023 and Ark Invest Stock Portfolio: Top 11 Picks.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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Buy This $3 Stock Now Before the 400% Surge Begins

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

My name is Inan Dogan. I’m the co-founder and Research Director of Insider Monkey. I have an important message for you today.

Since March 2017, my stock picks have returned 16.5% annually. Today, I’ve found an opportunity even bigger than my British American Tobacco call.

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We looked under the cover and realized they were wrong.

We alerted our subscribers, and BTI returned 90% in just 16 months.

Now if you had invested just $10,000 in BTI in June 2024, you’d be sitting on $19,000 in October 2025.

Today, we have identified a nearly identical pattern in a digital-first giant trading at $3.

While the market panics over a surface-level revenue decline, our PhD-led research shows management has actually surgically cut $100 million in waste to focus on high-margin growth.

This pattern is a hallmark of our 16.5% annual return track record. The current opportunity offers a 400% upside potential—dwarfing even our 90% BTI return.

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