Billionaire Steven Cohen Reveals Mid-Cap Stock Picks With Upside Potential

Billionaire hedge fund manager Steve Cohen, Chairman and CEO of Point72 Asset Management, has identified several mid-cap stocks with significant upside potential amid ongoing economic uncertainty in the U.S., including PG&E Corporation, EQT Corporation, and Entergy Corporation. Point72, managing approximately $36.9 billion in assets, utilizes advanced technology, data analytics, and AI to guide its discretionary investment strategies across diverse sectors. The U.S. economy showed signs of contraction in Q1 2025, raising concerns about a potential recession, but recent employment data has somewhat improved investor sentiment. Cohen's firm has maintained a strong performance history, with the top 50 stocks in its portfolio generating a three-year annualized return of 14.47%. Additionally, energy infrastructure plays a crucial role in supporting the growing demands of AI technologies, which are increasingly energy-intensive and straining power grids, highlighting the strategic importance of companies like Entergy and EQT in the energy sector. These investments reflect Point72's approach to balancing growth potential with macroeconomic risks in a volatile market environment.