Steven A. Cohen, a hedge fund manager, is the founder and CEO of Point72 Asset Management. Because of his backing and bet on Gabe Plotkin’s Melvin Capital, which incurred massive losses throughout the meme stock fiasco, his fund has underperformed so far in 2021. Michael Cohen, a billionaire who has outperformed the market for years and is known for his high-risk, high-reward bets, is known for his high-risk, high-reward plays. Point72 Asset Management owns major positions in Microsoft, Amazon, and Baidu as of the end of the first quarter.
Here is Insider Monkey’s list of the 10 best stocks to buy according to billionaire Steve Cohen. According to Steve Cohen, a billionaire, Align Technology, Inc. is the tenth best stock to purchase. The company makes 3D digital tracers and clear aligners for orthodontics called Invisalign. Vertex Pharmaceuticals Incorporated is the ninth greatest stock to purchase. The company’s market value is $51.23 billion. AstraZeneca PLC is the sixth greatest stock to purchase. The Competition and Markets Authority of the United Kingdom has authorized AstraZeneca’s planned $39 billion acquisition of Alexion Pharmaceuticals. Micron Technology, Inc. was formed in 1978 and is ranked seventh on billionaire Steve Cohen’s list of the top ten stocks to purchase. Over the last year, the company’s stock has increased in value by 55.49 percent. Billionaire Steve Cohen has placed Twitter, Inc. sixth on his list of the top ten companies to purchase. Over the last 12 months, the company’s shares have returned 92.94 percent to investors. On June 3, Twitter announced the launch of its ‘Blue’ membership service. For more details, click 10 Best Stocks to Buy According to Billionaire Steve Cohen.