Ray Dalio’s Top 5 Stock Picks for 2021

4. Walmart Inc. (NYSE: WMT)

Walmart Inc. (NYSE: WMT) is among Ray Dalio’s top 10 stock picks for 2021 and it is one of the most favorite stocks of the billionaire hedge fund manager. This is because Bridgewater Associates has increased its position in Walmart by 120% during the fourth quarter to 3.84% of the overall portfolio.

Shares of Walmart have outperformed the broader market trends in 2020 but underperformed since the beginning of 2021 due to easing social distancing policies. In addition to share price gains, Walmart has also been returning hefty cash to shareholders in the form of dividends. The company currently offers a dividend yield of 1.5%.