The latest 13F filings have been released, providing valuable insights into what prominent investors are currently buying. For our VIP list of Pro Picks, we have selected five of these stocks that have received the stamp of approval from elite investors. These Pro Picks are exclusively available to InvestingPro subscribers. Moreover, InvestingPro’s data suggests that these stocks are poised to outperform the market.
At the top of the list is Signet Jewelers (NYSE:), which was recently added to Michael Burry’s portfolio for a significant amount. The renowned Wall Street analyst has invested $9.7 million through his hedge fund, Scion Capital. This investment constitutes 9.1% of his total portfolio. Signet Jewelers has reported a cumulative diluted earnings per share growth of 375% over the past three years, along with an impressive free cash flow yield. Both analysts and InvestingPro’s fair value algorithm agree that Signet Jewelers’ stock is undervalued and has an upside potential of approximately 34% above current levels. Moreover, the company has increased its share-buyback program and dividend payouts, providing investors with a 1.3% annual yield. The stock has already shown over 7% growth this year, with potential for further growth in the near future.
The Pro Picks on our list have been endorsed by several top Wall Street analysts, and their impressive metrics indicate that they are robust companies that have generated substantial profits and returns for shareholders. They each have earned a high InvestingPro health score of 2.75 or more out of 5, reflecting their excellent performance over the past 7 years.
To view the complete list of Pro Picks that are expected to outperform the market, sign up for a 7-day free trial of InvestingPro. Gain access to must-have insights and data to begin building a lucrative portfolio. For current subscribers, the full list of this week’s Pro Picks is now available here.