Billionaire George Soros Loads Up on These 2 ‘Strong Buy’ Stocks

If you’re going to be forever known for one thing, being the ‘man who broke the Bank of England’ is a description many would sign up for. That is how George Soros is regularly introduced, and the story involves how he bet against the British Pound in 1992 and pocketed $1 billion from the trade in a single day.

Of course, Soros’ legendary reputation does not rest solely on that headline-grabbing act, and the billionaire investor has had a decades-long career of almost unmatched investing success. So, when Soros decides the time is right to load up on some equities, it’s only natural for investors to want to see what’s inside his shopping bag.

Over the past year, quarterly revenues have been steadily rising and that was the case again in the most recently reported quarter – for 1Q23. Revenue rose 4.5% year-over-year to $1.87 billion, beating the Street’s call for $1.77 billion. Likewise, on the bottom-line, Adj. EPS of $2.34 came in above the $2.03 forecast. AER also authorized a new $500 million share repurchase program and noted that 99% of its new aircraft order book are placed through 2024.
This must have all been welcome news for Soros. During Q1, the billionaire opened a new position in AER by purchasing 535,425 shares. At the current share price, these are worth over $30 million.

In Q1, revenue fell by 18% year-over-year to C$3.79 billion, while missing the consensus estimate by C$240 million. The company just fell short of expectations on the bottom-line, delivering an adjusted profit of C$1.81 per share vs. the Street’s C$1.82 estimate. On the other hand, the company stuck to its previously announced 2023 production guide.
In any case, Soros must like what’s on offer here. During Q1, he opened a new position in TECK, purchasing 497,854 shares, which are currently valued at ~$21.67 million.