Today we are going to learn about the top 5 stocks to buy now, published by Insider Monkey recently. John Overdeck and David Siegel, the two secretive billionaire quant hedge fund manager founded Two Sigma advisors, a quantitative trading powerhouse. The company has $35 billion in assets, and its main brain is John Overdeck. At the age of 16 he won the second place in the International Mathematical Olympiad. Then got his B.S. in Mathematics and an M.S. degree in Statistics from Stanford University. In 2019 he was ranked the highest earning hedge fund manager. He worked as Managing Director at D.E. Shaw & Co, and as Vice President and technical assistant at Amazon.com, Inc. He was also a member of Forbes’ list of 400 wealthiest Americans in 2020, having a net worth of more than $6.5 billion. David Siegel, the other co-founder, got his a Ph.D. in Computer Science degree from the Massachusetts Institute of Technology and worked as a Chief Information Officer at D.E. Shaw & Co, and Tudor Investment Corp.
Well, let’s see what Insider Monkey has investigated for you. We have picked two companies as usual, like a short and brief foretaste from the original article. At first, Target Corporation (NYSE: TGT) stands on the fifth spot. Target Corp. is a general merchandise stores chain, and has been a member of the billionaire hedge fund manager’s portfolio since 2015. The shares of Target has increased this year by almost 30%. Additionally, it has raised dividends for the last 52 years continually. Lowe’s Companies (NYSE: LOW) stands on the third spot. Although it saw a decline of 11% in its stakes in the third quarter of 2020, Lowe’s Companies is still the third-largest stock investment of the hedge fund manager. Its stakes are worth 1.26% of the total portfolio, valued at around $440 million. If are interested in more details about this issue, please click and jump to the list of the top stocks to buy now.
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