Laffont founded his hedge fund Coatue Management in 1999 with $45 million starting capital. The fund has grown greatly. In the last decade, technology stocks, startups, and private companies have boosted the Coatue results, yielding an annualized return of 10.1%. The stock price is up after Micron Technology, Inc. reported better-than-expected second-quarter results. DRAM was responsible for about 71% of the second-quarter sales. When the billionaire increased his stake in the company by 12%, the value was at $1.34 billion for the time being 6.14 million. Square is scheduled to make its financial results on the 6th of May. DoorDash has a lot of room to run thanks to the growing food delivery worldwide. Needham & Company initiated a price target of $175, classifying the stock as a “buy.” Since the demand has been growing, the segment has room for more development.
Insider Monkey gives the list of the 10 best dividend stocks to buy according to billionaire Philippe Laffont. Lam Research Corporation is another major semiconductor manufacturer. Morgan Stanley increased its price target from $568 to $726. It ranks 10th in our billionaire Phillippe Laff portfolio. Microsoft Corporation’s recent developments have been variable. The company was hacked, with suspected involvement from Russia. Discord reportedly rejected Microsoft’s $12 billion offer to buy it. TJX Companies, Inc. declared a 0.26 per share quarterly distribution. It is ranked #8 on the list of current dividend-paying billionaires. American Eagle Outfitters is a notable company in the clothing, décor, and accessories market. The company recently declared a similar quarterly dividend of $0.13. Best Buy Co. declared that its dividend would be increased to $0.27 per share. Best Buy recently announced a new membership offering a benefit called Best Buy Beta. Profitability and share value were well sustained. More details are in the article 10 Best Dividend Stocks to Buy According to Billionaire Philippe Lafont.
