"Top Billionaire Stocks for the January Effect: Separating Fact from Fiction"
Originally Published 2 years ago — by Forbes
Billionaire investors like Mario Gabelli are eyeing smaller stocks for potential gains in the new year, despite the mixed historical performance of the January effect. While tax-loss harvesting and window-dressing may contribute to the January buoyancy, other factors such as political advertising and macroeconomic developments can also impact small-cap stocks. Some small caps that have caught the attention of billionaire investors include Sinclair, Grupo Televisa, Tredegar, Lindsay Corp, and Utz Brands. These stocks show potential for outsized returns in 2024 based on their relative strength, discounted valuations, and market opportunities.