Why Bill Miller Likes Apple, Intrexon, Bets on Fiat Chrysler and Considers OneMain Holdings the Perfect “Trump Stock”

Then there’s Fiat Chrysler Automobiles NV (NYSE:FCAU), which Miller believes will increase by 50%-100% in the next 12-18 months due to the high probability that the company will hit its 5-year plan. Fiat Chrysler is producing a lot of vehicles in both Canada and Mexico and has announced plans to relocate some production to the U.S., but Miller is not worried about the possibility of an import tax being imposed and said that it will hit all automakers. Miller also praised Fiat Chrysler Automobiles NV (NYSE:FCAU)’s partnership with Google over the development of a self-driving car. LMM held around 4.96 million shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) and 31 funds tracked by us were bullish on the stock at the end of the third quarter.

OneMain Holdings Inc (NYSE:OMF) represents the perfect “Trump stock” according to Bill Miller, since it is the largest subprime lender and could gain more ground if wealth becomes more widely distributed as Trump promised. LMM owns 2.83 million shares of OneMain Holdings Inc (NYSE:OMF), according to its most recent 13F filing. The stock is currently trading at around $22 per share, down from over $40, which it traded at for the bulk of 2015. Miller thinks that in a couple of years, the stock could reach $60 per share. A total of 19 funds from the Insider Monkey database held shares of OneMain Holdings Inc (NYSE:OMF) at the end of September.

Miller thinks that the housing sector also has a lot of opportunities for investing. Millennials have started to buy houses and the availability of mortgages is increasing, although at the same time home prices have also been growing. “With the housing industry where it is in its cycle, you still have probably several years of double-digit earnings growth,” Miller said. Among stocks that could be worth more attention, Miller pointed out Lennar Corporation (NYSE:LEN), PulteGroup, Inc. (NYSE:PHM), and CalAtlantic Group Inc (NYSE:CAA), among others.

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