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Michael Burry’s top 3 stocks for the end of 2024

Michael Burry’s top 3 stocks for the end of 2024

While none of Michael Burry’s more recent trades matched the scale or significance of his famous maneuver during the Great Recession, he has, nonetheless, continued investing in the stock market with substantial success.

Multiple of ‘The Big Shortinvestor’s holdings have offered significant returns in 2024, handily outperforming the benchmark indices such as the S&P 500, with RealReal (NASDAQ: REAL) – being 68.53% in the green year-to-date (YTD) chart – being the standout example

Given his reputation and continued successes, Finbold decided to examine which of Michael Burry’s holdings are the strongest picks for the end of 2024 and have the highest predicted upsides ahead of them.

Baidu (NASDAQ: BIDU)

While not the biggest holding in the Burry portfolio, Baidu (NASDAQ: BIDU), a key player in China’s search engine landscape, is well-positioned for strong performance through the rest of 2024.

Since late 2023, the company has been working to reduce its reliance on foreign semiconductors amid the Biden administration microchip restrictions, and in 2024, it has entered a potentially highly lucrative deal with Tesla Motors (NASDAQ: TSLA) to provide maps for self-driving cars within the People’s Republic.

Experts are also highly bullish on BIDU shares, and Baidu is overall rated as a ‘strong buy’ by 33 analysts, according to the data retrieved from TradingView. On average, the stock is expected to rocket 45.84% and reach $142.84 in the coming 12 months. The highest price target, at press time, stands at $181.69 and the lowest at $81.91 – a 16.37% forecast downside.

BIDU stock analyst rating. Source: TradingView

JD.com (NASDAQ: JD)

At the time of the most recent 13-f filing, the Chinese e-commerce giant JD.com (NASDAQ: JD) has been the biggest holding in Michael Burry’s portfolio. 

While the investment, much like the one made in Alibaba (NYSE: BABA), is yet to prove lucrative for ‘The Big Short’ investor, there is a strong indication it will offer significant returns in the coming months.

Indeed, JD shares are rated as a ‘buy’ overall with 6 experts ranking it as such and another 32 as a ‘strong buy.’ The 12-month price target is also highly optimistic as it would see a 51.15% climb to $40.45.

JD stock analyst rating. Source: TradingView

The highest forecast for the e-commerce giant stands at $69.50 – a massive 159.73% upside – while the lowest at $15.74 – a nontrivial 41.17% downside.

Vital Energy (NYSE: VTLE)

Being 4.42% in the red in the YTD chart. Vital Energy (NYSE: VTLE), an energy company with access to fossil fuel reserves of the Permian basin and heavily involved with hydrocarbon exploration, is another Michael Burry stock expected to explode in the coming months.

Though the spread of ratings is significantly more even that for JD and BIDU with 6 ‘strong buys,’ 2 ‘buys,’ 4 ‘holds,’ and 1 each of ‘sell’ and ‘strong sell,’ the 12-month price target for VTLE is nothing short of impressive.

On average, Vital Energy is expected to rise 51.42% in the stock market and reach $65.43 in the coming 52 weeks. Additionally, the most bullish prediction would see VTLE rocket 143% within the time frame and climb to $105 per share.

VTLE stock analyst rating. Source: TradingView

Finally, even the lowest price prediction for Vital Energy would see its stock rise 6.46% to reach $46.

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