<div id="readability-page-1"><p><img width="2560" height="1920" src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2021/07/should-i-sell-kinder-morgan-shares-after-goldman-sachs-lowered-its-price-target.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2021/07/should-i-sell-kinder-morgan-shares-after-goldman-sachs-lowered-its-price-target.jpg"/></p><p>Stanley Druckenmiller, the former money manager for George Soros, has one of the best track records in Wall Street. He has rarely had a negative year and has become a billionaire with a net worth of over $6.9 billion, according to Forbes and $9.9 billion, according to Bloomberg.</p><p>At Duquesne Capital, he averaged annual returns of over 30% until he closed it in 2010 and returned funds to clients. Today, he still runs Duquesne but as a family office.</p><p>Data by Whale Wisdom places his total assets in the fund at about $3 billion. So, here are some of the best stocks owned by Druckenmiller.</p><h2>Kinder Morgan | KMI</h2><p>Kinder Morgan is one of the biggest players in the energy industry in the United States, but unlike ExxonMobil, Chevron, and Marathon, it is not a household name.</p><p>That’s because the company operates as a Master Limited Partnership (MLP), where it gathers, transports, and processes crude oil and natural gas. It owns over 79,000 miles of pipelines and 139 terminals.</p><p>Kinder Morgan stock has jumped by over 26% in the last 12 months, giving it a market cap of over $46 billion. It has moved to an all-time high even as the price of crude oil and natural gas has dropped. </p><p>This performance is because, as a transporter, the company makes money in transport contracts. This also explains why other MLP companies like Enterprise Product Partners and Williams have done well this year.</p><p>The most recent financial results showed that Kinder Morgan’s revenue rose to over $3.57 billion in the second quarter from $3.46 billion a year earlier while its net profit fell slightly to over $575 million. Stan Druckenmiller owns 6.75 million Kinder Morgan shares worth over $134 million.</p><h2>Teck Resources | TECK</h2><p>Stan Druckenmiller owns over 1.45 million shares in Teck Resources, one of the biggest mining companies in Canada.</p><p>Teck is a top copper producer, and most recently, it sold its coal business to Glencore, one of the biggest mining firms globally.</p><p>Teck is a highly-beloved mining company whose stock has risen by 140% in the last five years, giving it a market cap of over $22 billion. </p><p>It is seen as a good investment for two main reasons. First, it owns vast copper resources, which will become highly valuable as demand continues rising. Most analysts believe that copper will remain in a supply deficit over time as countries change their energy mix. </p><p>Second, Teck Resources is often seen as a good acquisition target, especially if the family that controls it are open to a sale. Glencore attempted to buy it in 2023 and failed and there are rumours that Rio Tinto will place a bid.</p><h2>Philip Morris | PM</h2><p>Druckenmiller owns 889k shares in Philip Morris International worth over $90 million. Philip Morris and other tobacco companies like Altria and British American Tobacco<strong> </strong>have done well this year, with most of them outperforming the broader market.</p><p>Philip Morris shares have jumped by over 34% in the last 12 months and by 34.75% this year alone. It has a dividend yield of about 4%.</p><p>This growth is mostly because of its strong dividend of about 4% and the fact that it has been undervalued for a while. The company has a forward P/E ratio of 19, lower than the S&amp;P 500 index average 21.</p><p>Philip Morris’ business has been doing well, with the most recent results showing that its revenue rose to over $9.46 billion in the second quarter from $8.9 billion a year earlier. Its quarterly profit also jumped to over $2.4 billion. </p><h2>Coherent Corp | COHR</h2><p>Coherent Corp, a company worth over $10 billion, is another big part of Druckenmiller’s portfolio. He owns over 3.59 million shares worth over $260 million, a trade that has been highly profitable since the stock has jumped by over 115% in the last 12 months. </p><p>Coherent is up by 62% this year because it is seen as a top artificial intelligence company. It manufactures communication components like pump lasers, photodetectors, integrated circuits, and optical materials. </p><p>Coherent’s revenue rose from $1.2 billion in the second quarter of 2023 to over $1.3 billion last quarter. It also narrowed its net loss to $47 million from $178 million. </p><h2>Seagate Technology | STX</h2><p>Seagate Technology is another company in the Duquesne Family Office portfolio. It is a leading American company that manufactures data storage solutions that are found in most computers.</p><p>Seagate, like Coherent, is seen as a good artificial intelligence play, which explains why the stock has jumped by about 60% in the last 12 months and 85% in the past five years. This rally has brought its market cap to over $20 billion. Seagate Technologies is a relatively cheap company with a price-to-earnings ratio of 15. </p><p>The other top names in Stanley Druckenmiller’s portfolio are Microsoft, Woodward, Zoominfo, Flutter Entertainment, and Mercadolibre.</p><p>The post 5 of the best Stanley Druckenmiller stocks in 2024 appeared first on Invezz</p></div>

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<p>Stanley Druckenmiller, a renowned investor, has a successful track record and a net worth exceeding $9 billion. His top stock picks for 2024 include Kinder Morgan, Teck Resources, Philip Morris, Coherent Corp, and Seagate Technology. Kinder Morgan has seen a 26% stock increase, Teck Resources has risen 140% over five years, and Philip Morris shares have jumped 34% in the last year. Coherent Corp's stock is up 115% in the past year, while Seagate Technology is also benefiting from AI trends. Druckenmiller's investments reflect strong performance and growth potential in these sectors.</p>