5 Safe Stocks to Buy Now According to Billionaire Dan Loeb

In this article, we will be taking a look at 5 safe stocks to buy now according to billionaire Dan Loeb. To read our detailed analysis of Loeb’s investment history, strategy, and 13F holdings, you can go directly to see the 10 Safe Stocks to Buy Now According to Billionaire Dan Loeb.

5. DuPont de Nemours, Inc. (NYSE:DD)

Third Point’s Stake Value: $247,229,000

Percentage of Third Point’s 13F Portfolio: 3.2%

Number of Hedge Fund Holders: 50

DuPont de Nemours, Inc. (NYSE:DD) is a specialty chemicals company providing tech-based materials and solutions in the US, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. The company operates through its Electronics & Industrial, Mobility & Materials, and Water & Protection segments.

UBS analyst Joshua Spector holds a Buy rating on shares of DuPont de Nemours, Inc. (NYSE:DD) as of this July. Spector also has an $87 price target placed on the stock.

This July, analyst Michael Leithead at Barclays commented that he does not expect to see weakening stock performance in the chemicals sector. He reiterated an Equal Weight rating on DuPont de Nemours, Inc. (NYSE:DD) shares and mentioned that earnings in the second quarter should be solid. The stock is hence among the best defensive plays in the chemicals sector.

Out of 912 hedge funds, 50 hedge funds were long DuPont de Nemours, Inc. (NYSE:DD) in the first quarter of 2022. Their total stake value was $1.5 billion.