Today we have brought up with Insider Monkey’s hottest article about the best cheap stocks to buy now according to Ray Dalio. Who is Ray Dalio? Well, he is the Founder, Co-Chairman, and Co-Chief Investment Officer of Bridgewater Associates, a company that owns the largest hedge fund in the world, actually it’s more than $140 billion in assets under management. He has been the leader of Bridgewater for forty years, and since then the company has become the fifth most important private company in the US, we knew from Insider Monkey. Since 1991 the company has grown one of the largest and most successful hedge funds across the globe. Despite the pandemic hit, Dalio has still remained optimistic about the near future, saying they are in a great revolution in terms of capacity.
And now, here we are to check out the two stocks we have picked up from Insider Monkey’s compilation. At first, on the fourth spot we can see CVS Health Corporation (NYSE:CVS). Bridgewater Associate has 333,804 shares in CVS Health Corporation as of September 30, resulting a stake worth $15.5 million in CVS. According to Insider Monkey’s research, 65 hedge funds can hold long positions in the stock, which is 8% less than three months earlier. The stock now is trading a trailing PE ratio of 11.51 and is valued at $91.14 billion. In the third quarter the company’s revenues increased by around 3.5%. Baidu, Inc. (NASDAQ:BIDU) stands on the second spot of the compilation. Baidu is a China-based technology company, which offers Internet-related services and products. As Bridgewater increased its stake in the company, its position had a value of $61.5 million at the end of September and consisted of 486,021 shares. According to Insider Monkey’s research, there was no change in hedge fund interest towards the stock during the second quarter. BIDU is trading at a trailing PE ratio of 11.20 and is worth $49 billion. The stock increased at 19.86% from the end of the second quarter. For more arresting and detailed information and data, please jump to the best cheap stocks to buy now according to Ray Dalio.