Jim Simons, the CEO of Renaissance Technologies, forecasts markets using mathematical models and statistical research. Renaissance’s Medallion fund uses high-frequency trading to take advantage of market inefficiencies through a variety of tactics. Renaissance disclosed in its most recent quarterly filings that it owned 4.97 million shares of Sony Group Corporation, valued at $52.66 million. The fund increased its holdings in the company by 232 percent. SME’s music will now be available in China thanks to a collaboration between Sony and NetEase Cloud Music. Apple Inc. is expected to unveil a foldable iPhone in 2023, according to TF International Securities analyst Ming-Chi Kuo. At the end of Q1 2021, Renaissance reduced its holdings in Microsoft Corporation by 68.57 percent to 520,184 shares. Rosenblatt analyst John McPeake launched coverage on Microsoft, rating it “Buy” with a $301 price target.
Insider Monkey analyses the list of the 10 best cheap stocks to buy now according to billionaire Jim Simons: Central Puerto S.A. is an Argentine company that generates and sells electricity to both public and private clients. According to millionaire Jim Simons, it is the eighth greatest cheap stock to buy right now. Renaissance owns 509,704 shares worth roughly $1.15 million in the company. Steel is produced by Companhia Siderrgica Nacional in Brazil and Latin America. According to billionaire Jim Simons, it ranks ninth on the list of the ten greatest cheap stocks to purchase right now. In the last three months, Renaissance has increased its position in the company by 1,523 percent. Ita Unibanco Holding S.A. has three primary business segments. According to Jim Simons, it is placed number eight on the list of the top ten best cheap stocks to purchase right now. Renaissance owns a total of 94,474 shares in the firm, valued at $469,000. Over the last year, investors have received a 34.13 percent return on their investment in Ita stock. Petrobras is a Brazilian oil and gas company that sells its products all over the world. According to billionaire Jim Simons, it ranks seventh on the list of the ten greatest cheap stocks to purchase right now. Over the last 12 months, the stock has returned more than 33% to investors. In Singapore, China, Taiwan, Japan, Hong Kong, Europe, and the United States, United Microelectronics Corporation is a semiconductor wafer foundry. According to billionaire Jim Simons, it is ranked sixth on the list of the ten greatest cheap stocks to purchase right now. Renaissance owns approximately 14.13 million shares in the company, valued at $128.45 million. For more details, click 10 Best Cheap Stocks to Buy Now According to Billionaire Jim Simons.
