Michael Burry’s Top 3 Stock Picks

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Below is the list of inflation resistant top 3 stock picks of Michael Burry. For a detailed discussion about why Michael Burry compares current market conditions to 1977 please see Michael Burry’s Warning On Inflation and His Top 6 Stock Picks

3. General Dynamics Corporation (NYSE:GD)

Scion Asset Management’s Stake Value: $16.6 million

Percentage of Scion Asset Management’s Portfolio: 22.39%

Numbers of Hedge Fund Holders: 51

Michael Burry’s strategy of initiating a new position in General Dynamics Corporation (NYSE:GD) appears to be working because shares of the defense company soared more than 9% year to date. The company’s stock price surged due to global political unrest, Russian aggression, and increasing defense budgets. Moreover, record financial numbers for fiscal 2021 added to investors’ sentiments. General Dynamics posted net earnings of $3.3 billion on $38.5 billion in revenue in fiscal 2021. The company ended 2021 with a total estimated contract value of $127.5 billion.

Elite funds also look bullish over the fundamentals of General Dynamics. In the fourth quarter, the number of long hedge funds’ positions increased to 51 compared to 39 positions in the previous quarter. Longview Asset Management and Harris Associates were among the leading stakeholders in the company. 

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