When it comes to stock pricing, Ken Fisher believes that demand and supply are the only factors that matter. Fisher recommends that investors buy stocks for the long run and build a portfolio of companies with strong growth prospects. Fisher Asset Management’s billionaire CEO is known for his belief in capitalism. Fisher Asset Management’s 13F portfolio was valued at $178.5 billion, with a top 10 holdings concentration of 31.58 percent. Materials, information technology, healthcare, banking, communications, and energy are among the most popular industries for investment. Walmart Inc., The Walt Disney Company, and Visa Inc. were among the companies in which the firm reduced its holdings.
Insider Monkey selected the precious metals stocks to buy according to billionaire Ken Fisher. Ken Fisher increased his holdings in Century Aluminum Company by 4%, to 2.4 million shares valued at about $40 million. Aluminum prices have soared as a result of the Russia-Ukraine conflict, and the stock has gained 29 percent in the previous month. Southern Copper Corporation is a precious metals refiner that produces refined silver, gold, copper, and other metals. The company’s mining and extraction operations are principally concentrated in Peru, Mexico, Argentina, Ecuador, and Chile. Fisher Asset Management stated that it has $221.8 million worth of Southern Copper Corporation shares. BHP Group Limited announced a semi-annual dividend of $3.00 per share, down 25% from the previous payout of $4.00. Australia, Europe, China, Japan, India, South Korea, North America, and South America are all served by the corporation. After announcing plans to buy the remaining 49 percent of Turquoise Hill Resources Ltd., the holding company that owns Mongolia’s Oyu Tolgoi copper-gold mine, Rio Tinto Group (RIO) fell 2.5 percent the next day. Vale S.A. is a Brazilian company located in Rio de Janeiro. Iron ore and iron ore pellets are sold to the steelmaking sector in Brazil and globally by the corporation. Nickel and its byproducts, such as gold, silver, cobalt, and copper, are also extracted. For more details, click 10 Precious Metal Stocks To Buy According To Ken Fisher.