Jim Cramer and Billionaire Ray Dalio Are Betting on These 5 Stocks

In this article, we discuss the 5 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 10 Stocks.

5. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 67   

Walmart Inc. (NYSE:WMT) engages in the operation of retail, wholesale, and other units worldwide. On November 28, Walmart said it plans to donate $1 million to a United Way fund created following the mass shooting at one of the retailer’s locations in Virginia that left six dead. Regulatory filings show that Dalio owned more than 4 million shares in the company at the end of the third quarter of 2022 worth $522 million. Cramer has recently appreciated the strong earnings of the firm in light of inflation.   

On November 17, Morgan Stanley analyst Simeon Gutman maintained an Overweight rating on Walmart Inc. (NYSE: WMT) stock and raised the price target to $164 from $150, highlighting the company’s beat & raise in the third quarter.   

Among the hedge funds being tracked by Insider Monkey, Fort Lauderdale Florida-based investment firm GQG Partners is a leading shareholder in Walmart Inc. (NYSE:WMT) with 9.8 million shares worth more than $1.2 billion. 

In its Q2 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Walmart Inc. (NYSE:WMT) was one of them. Here is what the fund said:

“The pandemic has created challenges for businesses large and small; one major challenge for large essential retailers such as ClearBridge holdings Home Depot, Walmart Inc. (NYSE:WMT) and Costco has been ensuring adequate staffing to meet demand under trying conditions. All three instituted enhanced pay practices during the pandemic, with raises, unplanned bonuses and other benefits helping compensate employees for their efforts in a difficult environment. In September 2020 Walmart raised wages for 165,000 employees, including several entry positions to $15 an hour. It followed this in February with a raise for 425,000 workers that moved its average pay above $15 an hour.”