{"id":10110,"date":"2022-07-07T18:30:08","date_gmt":"2022-07-07T23:30:08","guid":{"rendered":"http:\/\/blog.jlbn.net\/?p=10110"},"modified":"2022-07-07T18:30:10","modified_gmt":"2022-07-07T23:30:10","slug":"3-stocks-the-worlds-smartest-investors-are-buying-hand-over-fist-right-now","status":"publish","type":"post","link":"http:\/\/blog.jlbn.net\/?p=10110","title":{"rendered":"3 Stocks the World&#8217;s Smartest Investors Are Buying Hand Over Fist Right Now"},"content":{"rendered":"\n<ul><li>Warren Buffett&#8217;s Berkshire Hathaway has significantly boosted its stake in Occidental Petroleum.<\/li><li>Appaloosa Management&#8217;s David Tepper really likes Amazon.<\/li><li>Hedge fund managers Julian and Felix Baker are especially bullish about Incyte.<\/li><\/ul>\n\n\n\n<h2>Billionaire investors are backing up their trucks and loading up on these stocks.<\/h2>\n\n\n\n<p>Fortunes, they say, are made in bear markets. Of course, they&#8217;re made in bull markets too. The difference is that many investors don&#8217;t recognize the opportunities that major pullbacks provide.<\/p>\n\n\n\n<p>But amid the current bear market, which stocks are the most attractive? Here are three that the world&#8217;s smartest investors are buying hand over fist right now.<\/p>\n\n\n\n<h2>1. Occidental Petroleum<\/h2>\n\n\n\n<p>Warren Buffett certainly deserves a spot high on the list of the most successful investors of all time. The Oracle of Omaha loves to buy stocks during times of uncertainty. He has famously recommended: &#8220;Be fearful when others are greedy and greedy when others are fearful.&#8221;&nbsp;<\/p>\n\n\n\n<p>Buffett has arguably been more greedy lately with\u00a0<strong>Occidental Petroleum<\/strong>\u00a0<strong>(<a href=\"https:\/\/www.fool.com\/quote\/nyse\/oxy\/\">OXY<\/a>\u00a03.99%)<\/strong>\u00a0than any other stock. He and his investment managers have\u00a0<a href=\"https:\/\/www.fool.com\/investing\/2022\/06\/23\/warren-buffett-just-bought-this-oil-stock-oxy\/\">scooped up millions of shares of the energy company<\/a>\u00a0for\u00a0<strong>Berkshire Hathaway<\/strong>&#8216;s\u00a0<strong>(<a href=\"https:\/\/www.fool.com\/quote\/nyse\/brk.a\/\">BRK.A<\/a>\u00a01.22%)<\/strong>\u00a0<strong>(<a href=\"https:\/\/www.fool.com\/quote\/nyse\/brk.b\/\">BRK.B<\/a>\u00a01.32%)<\/strong>\u00a0portfolio. The conglomerate&#8217;s stake in it now totals close to $9.5 billion.<\/p>\n\n\n\n<p>Occidental has been a huge winner so far this year with the stock more than doubling. However, its price has fallen in recent weeks in anticipation that oil prices could decline.<\/p>\n\n\n\n<p>However, Buffett is clearly betting that oil prices will remain high. In addition to Occidental Petroleum, Berkshire Hathaway also owns a huge position in&nbsp;<strong>Chevron<\/strong>. That stake ranks as its fourth-largest stock holding.<\/p>\n\n\n\n<h2>2. Amazon.com<\/h2>\n\n\n\n<p>Berkshire Hathaway also owns shares of&nbsp;<strong>Amazon.com<\/strong>&nbsp;<strong>(<a href=\"https:\/\/www.fool.com\/quote\/nasdaq\/amzn\/\">AMZN<\/a>&nbsp;1.75%)<\/strong>. But while Buffett and his team haven&#8217;t added to their position in the e-commerce and cloud leader lately, another billionaire investor has. David Tepper led his hedge fund, Appaloosa Management, to increase its stake in Amazon by 21% in the first quarter.<\/p>\n\n\n\n<p>Amazon now stands as Appaloosa&#8217;s second-biggest holding, making up more than 11% of its total portfolio. Tepper definitely likes tech stocks.\u00a0<strong>Alphabet<\/strong>\u00a0is the hedge fund&#8217;s top stock.\u00a0<\/p>\n\n\n\n<p>It&#8217;s not all that surprising that Appaloosa boosted its stake in Amazon. The stock has fallen more than 30% year to date. While the overall market decline weighed on Amazon, it also faces some company-specific headwinds, including excess capacity.<\/p>\n\n\n\n<p>However, its long-term prospects remain very good. The company should still have plenty of room to grow in its core e-commerce market. Amazon Web Services continues to deliver strong growth. New markets including healthcare also present solid opportunities for it.<\/p>\n\n\n\n<h2>3. Incyte<\/h2>\n\n\n\n<p>Siblings Julian and Felix Baker aren&#8217;t nearly as well-known as Buffett or Tepper. However, they&#8217;re billionaire investors with around $25.7 billion in assets under management with their hedge fund, Baker Bros. Advisors.<\/p>\n\n\n\n<p>The Baker brothers are especially bullish about\u00a0<strong>Incyte<\/strong>\u00a0<strong>(<a href=\"https:\/\/www.fool.com\/quote\/nasdaq\/incy\/\">INCY<\/a>\u00a01.33%)<\/strong>\u00a0right now. They added 2.5 million shares of the biotech in the first quarter, and it&#8217;s now Baker Bros. Advisors&#8217; second-largest holding.<\/p>\n\n\n\n<p>What makes the Bakers such big fans of Incyte? For one thing, the company&#8217;s products continue to sell well. Incyte&#8217;s total revenue jumped by 20% year over year in Q1, led by sales of its blood cancer drug, Jakafi. Autoimmune disease drug Olumiant is also gaining momentum.<\/p>\n\n\n\n<p>Incyte has newer products with strong prospects as well. Sales of blood cancer drug Pemazyre rose 34% year over year in Q1. Atopic dermatitis drug Opzelura is off to a good start after the FDA approved it for sale in the U.S. last year.<\/p>\n\n\n\n<p>The Bakers also probably still view Incyte&#8217;s valuation as quite attractive, especially in light of its growth prospects. The stock&#8217;s\u00a0<a href=\"https:\/\/www.fool.com\/investing\/stock-market\/basics\/peg-ratio\/\">price-to-earnings-to-growth (PEG) ratio<\/a>\u00a0is a super-low 0.66.\u00a0<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Warren Buffett&#8217;s Berkshire Hathaway has significantly boosted its stake in Occidental Petroleum. Appaloosa Management&#8217;s David Tepper really likes Amazon. Hedge<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[254,3421,3422],"tags":[6,888,3425,3445],"_links":{"self":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/10110"}],"collection":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10110"}],"version-history":[{"count":1,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/10110\/revisions"}],"predecessor-version":[{"id":10111,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/10110\/revisions\/10111"}],"wp:attachment":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10110"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}