Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Billionaire Rob Citrone’s Top New Stock Picks

At the end of the second quarter, Discovery Capital Management held a new position in Magna International Inc (USA) (NYSE:MGA) of 2.35 million shares valued at $131.93 million. The company is an automotive supplier with approximately 313 manufacturing operations and over 84 product development, engineering, and sales centers in approximately 28 countries. On a year-to-date basis, the stock of Magna International Inc (USA) (NYSE:MGA) has depreciated by 10.56%, while the auto, truck and motorcycle industry has lost 11.17%. On the bright side, the company reported better-than-expected EPS of $1.29 for the second quarter, beating estimates by $0.11, while its revenue of $8.13 billion was also $40 million above analysts’ expectations. Doug Silverman and Alexander Klabin’s Senator Investment Group held 3.75 million shares of Magna International Inc (USA) (NYSE:MGA) on June 30, valued at $210.34  million.

Lastly, Discovery Capital Management purchased exactly 2.50 million shares of AerCap Holdings N.V. (NYSE:AER) during the second quarter, valued at $114.48 million as of June 30. The $8.55 billion company is the world’s largest aircraft leasing operator after acquiring International Lease Finance Corp. back in 2014. Market experts from Barclays updated their price target on AerCap Holdings N.V. (NYSE:AER) to $55 from $53. Deutsche Bank analysts are even more optimistic about the future of the company, holding a $65 target on its shares. In the meantime, the stock is changing hands at some $43.30, and has a P/E of 7.49, which looks relatively attractive compared to other major industry participants. Among the other funds that we track, one can find Barry Rosenstein’s JANA Partners, which possesses around 10.51 million shares of AerCap Holdings N.V. (NYSE:AER) worth $481.29 million.

Disclosure: None

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...