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Billionaire Jim Simons Places Bet on 3 High-Yield Dividend Stocks

A rising tide lifts all boats, as President John Kennedy said, and we’re seeing it now on Wall Street, as both the S&P 500 and the NASDAQ are near record high levels. The gains are broad-based and real, and reflect a growing optimism now that the election is behind us and a COVID-19 vaccine is in sight.So let’s look back, all the way to 1973, when economist Burton Malkiel told us that “a blindfolded monkey throwing darts at a newspaper’s financial pages could select a portfolio that would do just as well as one carefully selected by the experts.” He was pointing out the effect of random forces on a large enough sample – and the stock market, with over 7,000 publicly traded equities, and even more thousands of active traders working daily, is definitely a large enough sample.But that was before mathematician and code-breaker Jim Simons taught us all how to crunch the numbers. Simons recognized that people are not monkeys – and so have access to information that transcends random effects. He invented quantitative trading, and changed the investment landscape forever.And back in the present, Simons revealed in his most recent 13F filings three new stock positions that bear a closer look. These are buy-rated stocks that boast at least a 5% dividend yield and go up from there. We used TipRanks database to find out what else makes these picks so compelling.Plains GP Holdings (PAGP)First up is Plains GP, an oil and gas midstream holding company. Plains controls assets in the oil and gas transport sector, where it moves the hydrocarbons from the well head production sites to the refineries, storage tank farms, and transport facilities. The company assets include nearly 19,000 miles of pipelines, 8,000 crude oil

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