Howard Marks' Oaktree Capital Management ranks AngloGold Ashanti plc as 7th top stock pick.
From Yahoo Finance: 2025-03-31 19:51:00
Howard Marks’ Oaktree Capital Management’s top stock picks include AngloGold Ashanti plc (NYSE:AU), ranking 7th. Marks, a billionaire investor and Oaktree CEO, warns of market bubbles and prefers credit investments over stocks. Despite AU’s Q4 earnings missing projections, free cash flow and adjusted EBITDA surged due to operational gains and a favorable gold price. Marks believes certain AI stocks offer better returns than AU.