![](https://cdn.steemitimages.com/DQmZcJaFdCpxSnEtdx1JcUmKvGuqottoJBk2R3cW2atUsoK/image.png) Ray Dalio is the founder, co-Chief Investment Officer and co-Chairman of Bridgewater Associates, which is a global macro investment firm and is the world’s largest hedge fund. Ray Dalio Bloomberg is the world's 58th wealthiest person, worth an estimated $19 billion. Ray Dalio accumulated his wealth because he thought differently about the Markets. EQT Corporation operates as a natural gas production company in the United States. It produces natural gas, natural gas liquids (NGLs), and crude oil. EQT is the largest natural gas producer in the U.S. with its asset base located in the heart of the Appalachian Basin with a focus in Pennsylvania, Ohio and West Virginia. A couple of months ago, Ray’s hedge fund bought an additional 1,177,026 shares to the fund, increasing his stake to over 2.5 million shares in EQT Corp. During a recent conference call the company said it would reduce its debt by 30% by the middle of 2020 that will help it maintain investment-grade rating and conserve cashflow. In addition, the company said its going to cut its capital expenditure guidance for 2019 and 2020. However, the stock price has only gone down since he bought additional shares. ![](https://cdn.steemitimages.com/DQmNk5q5hUNVoBm4xxmjnvsgyUJzcBPBz2bGfcgoQTLD1Zr/image.png) A week ago Ray Dalio stated he thought the coronavirus' impact on the markets has been exaggerated and felt that in another year or two will be well beyond what everyone will be talking about. Could be why he bought stocks in BlackRock, Citigroup and Carmax. CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.

Bridgewater also snapped up shares of CarMax, the largest used car retailer in the U.S. The famous hedge fund added a position of 60,342 shares, valued at $5.3 million. Out on Wall Street, analysts are also excited about KMX. Looking at the consensus breakdown, a majority of Wall Street analysts also have high hopes for the used car retailer. With 8 Buys and 2 Holds, the word on the Street is that KMX is a Strong Buy. Additionally, the $106.88 average price target indicates that a possible twelve-month gain of 8% could be in store.

Source The stock price on Carmax has been nipping at the $100 level for months based on the monthly chart. Is it on the verge of breaking out, only time will tell? ![](https://cdn.steemitimages.com/DQmbaaYu9gFaUBiAY7xdj4LmQwicyWKH4hjCEzvoKXgqi4X/image.png) This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions. https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/upvote%20banner3.gif Posted via Steemleo