Below are billionaire Ken Fisher’s 5 new stock picks. For a comprehensive list and our analysis of Ken Fisher’s investment strategy, please see Billionaire Ken Fisher’s 10 New Stock Picks.
5. Viatris Inc. (NASDAQ: VTRS)
Shares of Viatris Inc. (NASDAQ: VTRS) remained range-bound since the beginning of this year due to a conservative outlook. The company projects its 2021 revenue to remain flat with the past year and described the year as ‘trough’. The company is working on restructuring strategies including downsizing or divestiture of up to 15 manufacturing facilities globally. The company aims to reduce its cost base by $1B in the next three years. Pfizer Inc. (NYSE: PFE) recently spin-off its Upjohn Business and combined it with Mylan N.V. to form Viatris Inc.