Jim Cramer and Billionaire Ray Dalio Are Betting on These 10 Stocks

Published on December 4, 2022 at 9:28 am by Usman Kabir in Hedge Funds, News

In this article, we discuss the 10 stocks that Jim Cramer and billionaire Ray Dalio are betting on. If you want to read about some more stocks that Cramer and Dalio are bullish on, go directly to Jim Cramer and Billionaire Ray Dalio Are Betting on These 5 Stocks.

Ray Dalio, the chief of Bridgewater Associates, is one of the most respected hedge fund managers on Wall Street. His comments on the alarming situation at the stock market in the past few months have confirmed macro investors fears. Dalio recently warned that the aggressive monetary policies of the central bank in the United States would lead to stagflation, an economic condition that comes with high inflation where economic growth and employment are not robust enough, leading to stalled growth models that stop short of an all–out recession.

Jim Cramer, one of the ardent admirers of Dalio and a leading finance guru, has also echoed these sentiments. Both stalwarts, who have been investing at the stock market for decades, are bullish on names like Walmart Inc. (NYSE:WMT), Johnson & Johnson (NYSE:JNJ), and The Procter & Gamble Company (NYSE:PG) as the market shifts away from growth towards value to protect against volatility. Dalio manages an equity portfolio worth over $19 billion at the end of the third quarter of 2022 with the top holdings in the healthcare and consumer goods sectors.

Our Methodology

These were picked according to the investment portfolio of Bridgewater Associates at the end of the third quarter of 2022. Only stocks that Jim Cramer has also been bullish on in the past few weeks were selected. The analyst ratings of each company are also discussed to provide readers with some more context about their investment decisions. Data from around 900 elite hedge funds tracked by Insider Monkey in the third quarter of 2022 was used to identify the number of hedge funds that hold stakes in each firm.

Jim Cramer and Billionaire Ray Dalio Are Betting on These Stocks

10. McDonald’s Corporation (NYSE:MCD)

Number of Hedge Fund Holders: 50

McDonald’s Corporation (NYSE:MCD) operates and franchises McDonald’s restaurants around the world. On November 29, McDonald’s said that its stores in Kazakhstan were forced to temporarily close this month after cutting ties with Russian companies and running out of supplies. Latest data shows that Dalio owned more than 2.1 million shares in the company at the end of the third quarter of 2022 worth $487 million. On September 1, Jim Cramer placed the company among a group of dividend-paying stocks that he was bullish on for the coming months. He said that it can resume the long march higher real soon and was the perfect “bounce-back candidate” despite recent overhangs like cost inflation and a strong dollar.

On October 28, RBC Capital analyst Christopher Carril maintained an Outperform rating on McDonald’s Corporation (NYSE:MCD) stock and raised the price target to $295 from $275, noting that the company’s third-quarter earnings highlighted the firm’s ability to play both offense and defense amid macro uncertainty.

At the end of the third quarter of 2022, 50 hedge funds in the database of Insider Monkey held stakes worth $2.3 billion in McDonald’s Corporation (NYSE:MCD), compared to 58 in the previous quarter worth $2.7 billion.

Just like Walmart Inc. (NYSE:WMT), Johnson & Johnson (NYSE:JNJ), and The Procter & Gamble Company (NYSE:PG), McDonald’s Corporation (NYSE:MCD) is one of the stocks that Jim Cramer and Ray Dalio are bullish on.

9. Starbucks Corporation (NASDAQ:SBUX)

Number of Hedge Fund Holders: 55

Starbucks Corporation (NASDAQ:SBUX) operates as a roaster, marketer, and retailer of specialty coffee worldwide. On November 29, Starbucks announced that its Starbucks for Life, the sugar cookie-inspired beverages, were back. Regulatory filings show that Dalio owned more than 2.9 million shares in the company at the end of the third quarter of 2022 worth $252 million. Cramer discussed the stock during an appearance on CNBC on September 14, noting that the company had posted encouraging revenue growth and margin expansion numbers recently and also adding that the firm had invested extensively in technology to modernize the firm in recent months.

On November 4, Citi analyst Jon Tower maintained a Neutral rating on Starbucks Corporation (NASDAQ:SBUX) stock and raised the firm’s price target to $93 from $90, noting that the company’s fiscal fourth-quarter results confirmed its business momentum in the US and improving international trends.

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Starbucks Corporation (NASDAQ:SBUX) with 5.8 million shares worth more than $444.7 million.

In its Q2 2022 investor letter, Matrix Asset Advisors, an asset management firm, highlighted a few stocks and Starbucks Corporation (NASDAQ:SBUX) was one of them. Here is what the fund said:

“Starbucks Corporation (NASDAQ:SBUX) is a premiere global coffee brand supported by over 32,600 stores across the world. The firm has a long history of beverage innovation and strong employee/barista relations with the firm paying above-market wages and benefits. Starbucks has a strong balance sheet and finances. The company generates steady and consistent cash flow, selling millions of cups of premium coffee every day. The company’s share price declined in part due to its large business in China which was largely shut down due to Covid restrictions and because of rising commodity and labor costs. We think the shares are attractively priced for a company that should grow 10% plus per year with a dividend yield of 2.6% at our average cost.”

8. The Coca-Cola Company (NYSE:KO)

Number of Hedge Fund Holders: 60

The Coca-Cola Company (NYSE:KO) is a beverage company that manufactures, markets, and sells various non-alcoholic beverages worldwide. Securities filings show that Dalio owned more than 11.4 million shares in the company at the end of the third quarter of 2022 worth $642 million. Cramer recently named the firm among a basket of dividend-paying firms he was bullish on. Cramer said that the firm was “textbook defensive stock” since the high dividend yield offered investors protection from market swings.

On October 26, UBS analyst Peter Grom maintained a Buy rating on The Coca-Cola Company (NYSE:KO) stock and raised the price target to $68 from $63, noting that the company’s third-quarter earnings beat was impressive as its organic growth more than offset incremental currency headwinds.

At the end of the third quarter of 2022, 60 hedge funds in the database of Insider Monkey held stakes worth $28 billion in The Coca-Cola Company (NYSE:KO), compared to 64 in the preceding quarter worth $29 billion.

In its Q2 2022 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and The Coca-Cola Company (NYSE:KO) was one of them. Here is what the fund said:

“Over the last year, we have repositioned our portfolio to navigate the course we see ahead. We added to more defensive areas of the portfolio like consumer staples (The Coca-Cola Company (NYSE:KO)). While the next month or two will likely prove choppy on account of the Omicron variant, we believe that Omicron, like Delta, represents a speed bump on the way to recovery rather than a true change in course. We see strong economic momentum continuing in 2022 and we expect interest rates to rise. After a decade of remarkably low rates, we would not be surprised if this change in direction is accompanied by some fits and starts in the markets. With our emphasis on pricing power, purposeful sector exposure, valuation discipline, and a strong dividend profile, we believe we are well-positioned for the year ahead.”

7. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders: 64

Costco Wholesale Corporation (NASDAQ:COST) engages in the operation of membership warehouses. On October 12, Costco declared a quarterly dividend of $0.90 per share. The forwarded yield was 0.77%. On November 28, Costco Dropped the Price on Its Internet-Famous Thomasville Sectional to Just $2,500 for Cyber Monday. 13F filings show that Dalio owned more than 1.9 million shares in the company at the end of the third quarter of 2022 worth $566 million. Cramer discussed the stock during an appearance on CNBC on September 14, noting that the company was building everywhere, including big projects in China, and did not want to raise their membership fees because it was part of a larger plan by the retail giant to pressure the competition.

On November 29, Deutsche Bank analyst Krisztina Katai maintained a Buy rating on Costco Wholesale Corporation (NASDAQ:COST) stock and lowered the price target to $578 from $581.

Among the hedge funds being tracked by Insider Monkey, Washington-based Fisher Asset Management is a leading shareholder in Costco Wholesale Corporation (NASDAQ:COST) with 4.3 million shares worth more than $2.1 billion.

In its Q2 2022 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Costco Wholesale Corporation (NASDAQ:COST) was one of them. Here is what the fund said:

“Portfolio gains were led by a diverse group of contributors. Also in consumer discretionary, Costco Wholesale Corporation (NASDAQ:COST), which operates a chain of membership-only big-box retail stores, continues to impress as it takes to share and becomes more relevant for the consumer even as the world opens up.”

6. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 65

PepsiCo, Inc. (NASDAQ:PEP) manufactures, markets, distributes, and sells various beverages and convenient foods worldwide. On November 17, PepsiCo declared a quarterly dividend of $1.15 per share with a forward yield of 2.85%. New data reveals that Dalio owned more than 4 million shares in the company at the end of the third quarter of 2022 worth $656 million. Jim Cramer recently lauded the “other-wordly” numbers posted by the firm in a bear market.

On October 14, Barclays analyst Lauren Lieberman maintained an Overweight rating on PepsiCo, Inc. (NASDAQ:PEP) stock and raised the price target to $185 from $183, highlighting the company’s beat and raise in the third quarter.

At the end of the third quarter of 2022, 65 hedge funds in the database of Insider Monkey held stakes worth $5.3 billion in PepsiCo, Inc. (NASDAQ:PEP), compared to 62 in the previous quarter worth $4.9 billion.

Alongside Walmart Inc. (NYSE:WMT), Johnson & Johnson (NYSE:JNJ), and The Procter & Gamble Company (NYSE:PG), PepsiCo, Inc. (NASDAQ:PEP) is one of the stocks that Jim Cramer and Ray Dalio are bullish on.

In its Q2 2022 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and PepsiCo, Inc. (NASDAQ:PEP) was one of them. Here is what the fund said:

“Also in the stable and predictable cash flow camp, though with a very different business model, global food and beverage company PepsiCo (NYSE:PEP) reported very strong organic growth in the first quarter, driven by healthy price/mix, and raised revenue guidance, while holding EPS guidance. Notably, its beverage business showed expanding margins.”

Click to continue reading and see Jim Cramer and Billionaire Ray Dalio Are Betting on These 5 Stocks.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Published on May 1, 2024 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 75%.

For a ridiculously low price of just $24, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

The Name of the Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.
Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
Lifetime Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund ANYTIME, no questions asked.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

Head over to our website and subscribe to our Premium Readership Newsletter for just $24.
Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.
Sit back, relax, and know that you’re backed by our ironclad lifetime money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

A New Dawn is Coming to U.S. Stocks

Published on May 2, 2024 at by Insider Monkey Staff

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up