Billionaire Ray Dalio's Bridgewater **** ociates has disclosed several new picks in its Q2 filings. In this article, we are going to focus on two non-AI stocks in which the fund opened new stakes in the June quarter.
Vulcan Materials Company (NYSE:VMC) is the larger of the two. Bridgewater bought about 108,700 shares worth roughly $32.1 million, a 0.13% portfolio weight. Toy company Hasbro, Inc. (NASDAQ:HAS) was another notable new pick as the fund bought a stake worth about $20.8 million in the company.
Let's focus on VMC in this article and see whether the stock is a decent buy-the-dip opportunity. It's down about 14% so far this year.
Vulcan Materials is a major producer of construction aggregates in the US. Aggregates are crushed stone, sand and gravel, the base material under roads, bridges, foundations and parking lots. Demand for these materials comes from public infrastructure, private non-residential and residential projects.
The bull case
#bridgewater #vulcan
Vulcan Materials Company (NYSE:VMC) is the larger of the two. Bridgewater bought about 108,700 shares worth roughly $32.1 million, a 0.13% portfolio weight. Toy company Hasbro, Inc. (NASDAQ:HAS) was another notable new pick as the fund bought a stake worth about $20.8 million in the company.
Let's focus on VMC in this article and see whether the stock is a decent buy-the-dip opportunity. It's down about 14% so far this year.
Vulcan Materials is a major producer of construction aggregates in the US. Aggregates are crushed stone, sand and gravel, the base material under roads, bridges, foundations and parking lots. Demand for these materials comes from public infrastructure, private non-residential and residential projects.
The bull case
#bridgewater #vulcan
5 hours ago
