Billionaire Investor Sounds Recession Alarm, But Doubles Down on These 2 Stocks

Businessman using mobile phone and computer to find financial information. Candlesticks and graphs of the stock market economy.Virtual screen business concept. stock photo
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Paul Singer, hedge fund manager at Elliott Investment Management, is among the billionaire investors and other financial experts who see a recession on the horizon.

The National Bureau of Economic Research says a recession has occurred, or is occurring, when the economy shows at least two quarters of contraction in the gross domestic product. Other indicators often occur during this time, as well, such as increased unemployment, a bear stock market, and declining wholesale and retail sales.

Singer, who accurately predicted the 2008 financial collapse and today’s inflationary environment, said he sees a “high-risk environment” right now. He told Yahoo Finance: “There’s a significant chance of recession. We see the possibility of a lengthy period of low returns in financial assets, low returns in real estate, corporate profits, unemployment rates higher than exist now and lots of inflation in the next round…”

However, Singer has put his money, or more specifically, the money of Elliot Investment Management, into at least two notable stocks.

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Marathon Petroleum

Elliott Investment holds $1.47 billion of this stock, which makes up 10.5% of the management portfolio. With a market cap of $57 billion, Marathon has outperformed equity markets significantly, Yahoo Finance reported.

Zacks indicated that Marathon is currently undervalued, and rates it a “hold.” The stock rose 60% in the past year and may have more growth on the horizon.

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With the social media landscape in tumult — TikTok on the verge of being banned, Facebook charging subscription fees for “verified” profiles, and Twitter undergoing massive changes — one social media platform is quietly showing solid growth.

Pinterest stock value has grown by 20% in the past 12 months, indicating the platform’s staying power. It makes up 5.5% of Singer’s portfolio.

Several investment experts and websites, including Macroaxis, recommended Pinterest as a “strong buy” right now. And at a price per share of under $30, it’s an affordable stock for retail investors.

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About the Author

Dawn Allcot is a full-time freelance writer and content marketing specialist who geeks out about finance, e-commerce, technology, and real estate. Her lengthy list of publishing credits include Bankrate, Lending Tree, and Chase Bank. She is the founder and owner of, a travel, technology, and entertainment website. She lives on Long Island, New York, with a veritable menagerie that includes 2 cats, a rambunctious kitten, and three lizards of varying sizes and personalities – plus her two kids and husband. Find her on Twitter, @DawnAllcot.
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