Investor Bill Miller shared some of his best stocks in his portfolio. The chairman and chief investment officer of Miller Value Partners also included a company that he said will multiply over the next three years. According to Miller, the market is “approximately fairly valued” at the moment, with even a balance between larger and smaller companies by market capitalization.
Here are some stocks that Miller is excited about.
The legendary investor in value stocks said that all the so-called FAANG shares are “quite attractive”. Its top offerings from technology giants are Amazon, Alphabet and Facebook. He is a longtime investor in Amazon.
Miller added that General Motors is a very good investment opportunity with the new CFO. Paul Jacobson, who came from Delta, is a very creative CFO, he said. The investor commented that the discrepancy in the assessment between General Motors and Tesla is too large. General Motors has a market capitalization of about $ 80 billion, while Tesla has a market value of about $ 678 billion.
But the biggest “top pick” he owns at Miller Value Partners, according to him, is Vroom. The car dealership has tremendous potential, Miller said. Vroom has a market capitalization of about $ 5.5 billion. Miller said Vroom’s management team is the same group that helped build Bookings.com some time ago, now valued at $ 100 billion.
Carvana is a leader in the online car dealership with a market capitalization of $ 45 billion, and Vroom is about three years behind Carvana, but with a much higher return on the capital model, and investors can make good profits with the company in the coming years. three or four years, ”according to Miller.
The investor also said that he finds opportunities in the sale of SPAC, and that he is bullish towards Bitcoin. Some time ago, Miller opposed some other prominent investors, saying the stock market was not overvalued. Many stocks are now moving at record highs.
Junior Trader Nikolay Nankov