5 Blue Chip Stocks to Buy Now According to Billionaire George Soros

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In this article, we will take a look at the 5 Blue Chip Stocks to Buy Now According to Billionaire George Soros. To read our analysis of George Soros’ profile and investment strategy as well as the risk/reward and methodology of this list, you can go to the 10 Blue Chip Stocks to Buy Now According to Billionaire George Soros.

5. NIKE, Inc. (NYSE:NKE)

Soros Fund Management’s Stake Value: $35,590,000

Percentage of Soros Fund Management’s 13F Portfolio: 0.63%

Number of Hedge Fund Holders: 72

NIKE, Inc. (NYSE:NKE), based in Beaverton, Oregon, is the world’s leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment, and accessories for a wide variety of sports and fitness activities.

As of Q2 2022, George Soros’ Soros Fund Management holds 348,235 shares of NIKE, Inc. (NYSE:NKE), accounting for 0.63% of the 13F portfolio of the hedge fund. The hedge fund increased its stake by 18% in Q2 2022, as compared to the previous quarter.

In June, NIKE, Inc. (NYSE:NKE) released the financial results for the quarter ended May 31, 2022. Its revenue decreased by 1% y-o-y to $12.2 billion, while its net income decreased by 5% y-o-y to $1.4 billion. It reported a normalized EPS of $1.00, beating the consensus by $0.19, and the company declared a quarterly cash dividend of $0.305 per share.

As of Q2 2022, 72 of the 895 hedge funds tracked by Insider Monkey owned shares of NIKE, Inc. (NYSE:NKE), valued at $3.3 billion. Ken Fisher’s Fisher Asset Management is its largest shareholder with ownership of 8.5 million shares valued at $873 million.

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