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10 Stocks to Invest In According to Stephen White’s SW Investment – Yahoo Finance

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In this article, we will discuss 10 stocks to invest in according to Stephen White’s SW Investment based on Q2 holdings of the fund. If you want to skip our detailed analysis of White’s history, investment philosophy, and hedge fund performance, go directly to 5 Stocks to Invest In According to Stephen White’s SW Investment.

SW Investment Management was founded by Stephen White in 2016. White completed his MBA from the University of Chicago Graduate School of Business. White spent four years as a portfolio manager at RMB Capital. He was the managing partner of Castle Union LLC for three years before establishing SW Investment Management.

Some notable holdings of Stephen White’s SW Investment as of the end of the second quarter include Amazon.com, Inc. (NASDAQ: AMZN) and Cloudflare, Inc. (NYSE: NET).

In Amazon.com, Inc. (NASDAQ: AMZN), Stephen White’s SW Investment owns 12,000 shares. JPMorgan analyst Doug Anmuth recently added Amazon (AMZN) in his “Best Ideas in 2021” list. He has an Overweight rating for the ecommerce giant.

Stephen White’s SW Investment also has a stake in Cloudflare, Inc. (NYSE: NET). The hedge fund owns 550,000 shares of the company, worth $58.21 million. On August 11, Cloudflare, Inc. (NYSE: NET) announced that it issued 0% senior unsecured notes due August 15, 2026, whose principal amount is $1.125 billion. Initial buyers were offered the option to acquire an additional $168.75 million worth of notes. Cloudflare plans to spend around $75 million of the net proceeds to cover the cost of the capped call transactions, with the rest going to general business purposes. On August 8, Argus analyst Joseph Bonner raised the price target on Cloudflare, Inc. (NYSE: NET) to $140 from $125 and kept a “Buy” rating on the shares.

Photo by Nicholas Cappello on Unsplash

Why should we pay attention to White’s stock picks? Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and July 2021 our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by more than 115 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

With this context in mind, here is our list of stocks to invest in according to Stephen White’s SW Investment. We used White’s 13F portfolio for the second quarter for this analysis.

Stocks to Invest In According to Stephen White’s SW Investment

10. Stitch Fix, Inc. (NASDAQ: SFIX)

White’s Stake Value: $370,000 Percentage of Stephen White’s 13F Portfolio: 0.14% Number of Hedge Fund Holders: 35

Stitch Fix, Inc. (NASDAQ: SFIX) provides clothes, shoes, and accessories through its website and mobile app. It was founded in 2011 and is placed tenth on the list of 10 stocks to invest in according to Stephen White’s SW Investment. The company stock has offered investors more than 59.09% in returns over the course of the past 12 months.

On June 8, Canaccord analyst Maria Ripps raised the price target on Stitch Fix, Inc. (NASDAQ: SFIX) to $76 from $68 and kept a “Buy” rating on the shares.

SW Investment holds 15,000 Call options in Stitch Fix, Inc. (NASDAQ: SFIX), worth $370,000. This represents 0.14% of their portfolio. D E Shaw is a leading shareholder in Stitch Fix, Inc. (NASDAQ: SFIX), with 2.66 million shares worth more than $160 million.

Just like Amazon.com, Inc. (NASDAQ: AMZN), Cloudflare, Inc. (NYSE: NET), and Sun Communities, Inc. (NYSE: SUI), Stitch Fix, Inc. (NASDAQ: SFIX) is one of the best stocks according to Stephen White’s SW Investment.

In its second-quarter 2021 investor letter RGA Investment Advisors LLC, mentioned Stitch Fix, Inc. (NASDAQ: SFIX). Here is what the fund said:

“We purchased a new position–Stitch Fix–which is attacking this problem of abundance and the friction of shopping digitally head on with curation and personalization.

Your Own Personal Clothing Store

Stitch Fix is incredibly interesting. Founded by Katrina Lake in 2011, Stitch Fix turned apparel shopping into a delightfully personalized, subscription-based platform. The company collects numerous data points when onboarding a customer from the generics and quirks of each individual’s size and shape to tastes in designers, colors and styles. This empowers the company’s stylists to curate a “fix” with five clothing items on a periodic cadence (monthly, quarterly, semi-annually, etc.) of the customer’s choosing. A box arrives with its contents formerly unseen by the customer, with the constant being each item is already a known fit based on the size and shape of the customer’s body type and the trove of data Stitch Fix has on other “look alikes” across their customer base. Of the 5 items, a customer can keep all or none, but they must pay $20 irrespective of whether they keep anything. After reviewing the items, a customer can keep all items (for which they would get a 25% keep five discount) or return some items and checkout online to pay full price.…” (Click here to see the full text)

9. NI Holdings, Inc. (NASDAQ: NODK)

White’s Stake Value: $1,470,000 Percentage of Stephen White’s 13F Portfolio: 0.56% Number of Hedge Fund Holders: 7

NI Holdings, Inc. (NASDAQ: NODK) underwrites property and liability insurance products. The company was founded in 1946 and stands ninth on the list of 10 stocks to invest in according to Stephen White’s SW Investment. NI Holdings, Inc. (NASDAQ: NODK) currently has a $411.02 million market capitalization.

On August 4, NI Holdings, Inc. (NASDAQ: NODK) released earnings for the second quarter of 2021. It reported net loss of $2.644 million (-$0.12 per share), compared to a net income of $18.733 million ($0.86 per share) in the prior-year quarter.

The hedge fund chaired by Stephen White holds 77,376 shares in NI Holdings, Inc. (NASDAQ: NODK), worth $1.47 million. Michael Price’s MFP Investors is the most significant shareholder in NI Holdings, Inc. (NASDAQ: NODK), with 528,791 shares worth more than $10 million.

Just like Amazon.com, Inc. (NASDAQ: AMZN), Cloudflare, Inc. (NYSE: NET), and Sun Communities, Inc. (NYSE: SUI), NI Holdings, Inc. (NASDAQ: NODK) is one of the best stocks according to Stephen White’s SW Investment.

8. Sun Communities, Inc. (NYSE: SUI)

White’s Stake Value: $13,712,000 Percentage of Stephen White’s 13F Portfolio: 5.24% Number of Hedge Fund Holders: 30

Sun Communities, Inc. (NYSE: SUI) invests in manufactured housing communities, RV resorts, and marinas. The company was founded in 1975 and ranks eighth on the list of 10 stocks to invest in according to Stephen White’s SW Investment. Sun Communities, Inc. (NYSE: SUI) currently has a $22.86 billion market capitalization, and was able to deliver a 36.52% return in the past 12 months.

On July 26, Sun Communities, Inc. (NYSE: SUI) announced earnings for the second quarter of 2021. The company declared funds from operations (FFO) of $1.80, beating the estimates by $0.19. In addition, the revenue over the period was $603.86 million, up 99.1% YoY, beating the predictions by $152.39 million. On June 3, Michael Goldsmith initiated coverage on Sun Communities, Inc. (NYSE: SUI) with a “Buy” rating and gave a $190 price target.

SW Investment holds 80,000 shares in Sun Communities, Inc. (NYSE: SUI), worth over $13 million, representing 5.24% of its portfolio. Sun Communities, Inc. (NYSE: SUI) saw a decrease in hedge fund sentiment recently. The number of hedge fund positions declined to 30 at the end of the second quarter compared to 35 positions in the previous quarter.

7. Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC)

White’s Stake Value: $14,688,000 Percentage of Stephen White’s 13F Portfolio: 5.61% Number of Hedge Fund Holders: 29

Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) produces tools and equipment for assembling semiconductors. The company was founded in 1951 and is placed seventh on the list of 10 stocks to invest in according to Stephen White’s SW Investment.

On August 6, Craig-Hallum analyst Christian Schwab raised the price target on Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) to $88 from $64 and kept a “Buy” rating on the shares. On August 4, Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) announced its earnings for the second quarter of 2021. Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) posted earnings per share of $1.87, beating the estimates by $0.51. Furthermore, the revenue over the period was $424.3 million, up 182.1% YoY, surpassing the forecast by $24.36 million.

Stephen White’s SW Investment currently holds 240,000 shares of Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) that amounts to $14.69 million. Kulicke occupies 5.61% of SW Investment’s total portfolio. Royce & Associates is a leading shareholder in Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC), with 2.80 million shares worth more than $171 million.

Just like Amazon.com, Inc. (NASDAQ: AMZN), Cloudflare, Inc. (NYSE: NET), and Sun Communities, Inc. (NYSE: SUI), Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) is one of the best stocks according to Stephen White’s SW Investment.

6. The AES Corporation (NYSE: AES)

White’s Stake Value: $19,552,000 Percentage of Stephen White’s 13F Portfolio: 7.47% Number of Hedge Fund Holders: 39

The AES Corporation (NYSE: AES) is a utility firm with a diverse portfolio. It was incorporated in 1981 and is ranked sixth on the list of 10 stocks to invest in according to Stephen White’s SW Investment.

On August 6, Wolfe Research analyst Steve Fleishman upgraded The AES Corporation (NYSE: AES) to “Outperform” from “Peer Perform” with a $29 price target. On August 5, The AES Corporation (NYSE: AES) posted earnings results for the second quarter of 2021. The earnings per share was $0.31, missing the estimates by $0.13. In addition, the revenue over the period was $2.7 billion, up 21.6% YoY, surpassing the predictions by $180 million.

The hedge fund managed by Stephen White holds 750,000 shares in The AES Corporation (NYSE: AES), worth over $19 million, representing 7.47% of their portfolio. In the second quarter of 2021, 39 hedge funds in Insider Monkey’s database of 873 funds held stakes in The AES Corporation (NYSE: AES) compared to 51 funds in the quarter earlier.

Just like Amazon.com, Inc. (NASDAQ: AMZN), Cloudflare, Inc. (NYSE: NET), and Sun Communities, Inc. (NYSE: SUI), The AES Corporation (NYSE: AES) is one of the best stocks according to Stephen White’s SW Investment.

Click to continue reading and see 5 Stocks to Invest In According to Stephen White’s SW Investment.

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Disclosure: None. 10 Stocks to Invest In According to Stephen White’s SW Investment is originally published on Insider Monkey.

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Investment App MAKMUR Raises Seven-Digit Seed Funding to Advance Features and People Development – Yahoo Finance

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JAKARTA, Indonesia, Sept. 27, 2021 /PRNewswire/ — Indonesia-based investment app, MAKMUR, has secured a seven-digit seed funding round, led by BEENEXT, with participation from Kinesys Group, Trihill Capital, and notable angel investors including Yiping Goh (Quest Ventures’ partner), Edward Tirtanata (Kopi Kenangan’s CEO), Vidit Agrawal (GajiGesa’s CEO), and Andrew Lee (former unicorn executive). MAKMUR will use the capital to expand its features and product portfolio, as well as to hire new talented individuals and people development.

MAKMUR App

MAKMUR App

MAKMUR is a technology-based investment app that allows users to set their financial goals and reach them through long term investing. Similar to Betterment in the U.S., it has goal-based investing feature so users can easily invest towards multiple goals, such as emergency fund, retirement fund, and children’s education fund with the ease of using just one app.

The app also provides a Robo Advisory feature that adapts to users’ risk tolerance, as well as investment horizon, and prevailing economic conditions. This proprietary dynamic asset allocation technology helps users invest optimally regardless of whether the market is bullish or bearish.

Financial advisory are often available only for high-net worth investors. However, MAKMUR digitizes and democratizes such services to be completely accessible and affordable for all Indonesian citizens.

Sander Parawira, founder and CEO of MAKMUR, pointed out, “Many people think that investing in mutual funds is difficult, in which they have to go through a complicated account opening process and prepare a large amount of capital. Supported by OCR (Optical Character Recognition) and face recognition technology, we offer an exceptional account opening experience that is simple and swift. It only takes five minutes to complete the account opening process, with an initial capital starting from IDR 10,000 (USD 0.70) and no transaction fee.”

Faiz Rahman, BEENEXT’s partner, added “We are witnessing a new revolution in Indonesia where mass market come to realize the importance of investing. MAKMUR enables retail investors to do prudent long-term investing to build wealth sustainably. We are very excited about MAKMUR and we look forward to having a long-term partnership with MAKMUR as we believe in their mission to make investing easier, cheaper, and more sustainable for Indonesians.”

MAKMUR App to help build a robust inclusive financial ecosystem in Indonesia

MAKMUR app is the brainchild of Sander Parawira, a Stanford University’s graduate, formerly the Head of Quantitative Strategies of Wall Street’ leading quantitative trading firm, Virtu Financial. Prior to Virtu, Sander was a Software Engineer at Facebook.

Sander built the app with the aim to improve financial literacy and inclusions among Indonesian citizens. “Indonesia’s capital market investor has experienced a significant growth, however, the number of investors today in Indonesia is still fewer than 2% of the population. Following the seed funding round, we are hoping to bridge the financial inclusion gap while improving financial literacy across the country.”

Ever since the company obtained official license from Otoritas Jasa Keuangan (OJK) in February 2021, it has partnered with ten leading investment managers. They include Avrist Asset Management, Bahana TCW Investment Management, BNI Asset Management, Capital Asset Management, Eastspring Investment, FWD Asset Management, Principal Asset Management, RHB Asset Management, Syailendra Capital, and Trimegah Asset Management.

MAKMUR app is available on both Play Store and App Store for Android users and iOS users respectively. For further information, please visit https://www.makmur.id

About MAKMUR

MAKMUR is a start-up that provides technology-based investment app to help Indonesians plan their financial goals and invest for the long term easily, safely, and sustainably. All investment plans are designed by experienced investment professionals based on quantitative research and big data. MAKMUR is established by a former Head of Quantitative Strategies at Virtu Financial, a leading quantitative trading firm in Wall Street and an ex Facebook Software Engineer. The team has a cumulative 30 years experience in the investment and technology space in reputable companies such as IndoPremier, Traveloka, and IBM and are graduates from the best universities in the world such as Stanford University, UC Berkeley, Columbia University, and Purdue University.

About BEENEXT

BEENEXT is a Venture Capital fund managed by serial entrepreneurs that focuses on assisting founders with its operational experience, network, trust, unique perspectives, and the capital. The team invests in early-stage tech start-ups that are focused on building the new digital platforms driven by the data network. BEENEXT aims to establish a platform of founders, by the founders and for the founders across the globe, primarily in South East Asia, India and Japan. Since its establishment in 2015, the team has invested in over 200 companies globally.

SOURCE PT Inovasi Finansial Teknologi (MAKMUR)

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Big Pot wants millions in corporate investment — some lawmakers are happy to help – New York Post

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Last year, we saw pro-pot lawmakers attempt to load up any and every COVID-19 aid bill with marijuana industry wish list items. Though none of those attempts proved successful, they are back at it again.

Last week, Rep. Ed Perlmutter (D-Colo.) offered the SAFE Banking Act as an amendment to the annual military spending bill known as the National Defense Authorization Act, or NDAA. The NDAA is a must-enact defense spending bill that Congress has passed into law each year for 60 years in a row. Which renders Perlmutter’s move especially shady.

Outside of full, federal legalization, passing the SAFE Banking Act into law is the top priority of the marijuana industry. The bill would allow the industry access to the federal financial system, opening it up to take out loans, have FDIC-insured bank accounts and accept all major credit cards without having to resort to loopholes. But the real reason why this bill is so critically important to Big Pot is that it would finally allow pot companies access to institutional investment.

You see, there are currently billions of dollars sitting on the sidelines, waiting to be invested into the pot industry by major investment firms, hedge funds, pension systems and other major corporate interests. These interests, according to former House Speaker and pot advocate John Boehner, want to “dive head-first into cannabis.”

As it stands, the giants of Big Tobacco and Big Alcohol are deeply invested in the marijuana industry across our northern border in Canada. Altria, the maker of Marlboro cigarettes, invested $2 billion into Cronos, a Canadian weed company, while Constellation Brands, one of the largest alcohol conglomerates, pumped $245 million into another Canadian marijuana company, Canopy Growth.

But while these two giants of the addiction industry are unable to fully invest in American marijuana companies, their well-heeled lobbyists are working the halls of Congress, pushing for the SAFE Banking Act.

Rep. Ed Perlmutter offered the SAFE Banking Act as an amendment to the annual military spending bill.
AP Photo/David Zalubowski, File

The most direct, immediate result of this bill would be billions of dollars in investment flowing into pot companies that can then be spent on research and development of new, highly potent products and new marketing campaigns that will further normalize marijuana use and result in more youths using the drug.

As an aside, don’t be fooled into thinking the pot industry is marketing the 5-percent-THC pot smoked in the 1960s and ’70s. Today’s marijuana regularly contains upwards of 30 percent THC — the main, psychoactive compound — in flower and 99 percent THC in concentrates such as dabs and vaping oils. This new, high-potency pot has been linked to a litany of serious mental-health issues, such as anxiety, depression, schizophrenia and psychosis.

The pot lobby has promulgated lie after lie to convince lawmakers to support this bill. They say they are forced to operate as a “cash-only” industry due to the lack of conventional banking access. This has repeatedly been shown to be false, as many marijuana dispensaries readily accept card payment. Furthermore, the pot lobby claims that its (false) status as “cash-only” makes dispensaries a prime target for robberies. While it’s true marijuana dispensaries are oftentimes robbed, many such robberies are not after cash that is locked away in a backroom safe, but the marijuana products on the shelves.

Chemdawg marijuana plants grow at a facility in Smiths Falls, Ontario, Canada October 29, 2019.
The giants of Big Tobacco and Big Alcohol are deeply invested in the marijuana industry in Canada.
REUTERS/Blair Gable/File Photo

In short, the SAFE Banking Act is nothing more than the federal government signing off on corporate investment in the marijuana industry. And what’s worse, it could set the precedent for banking access to other industries that traffic in federally illegal substances. Former officials from the Carter, Reagan, Bush, Clinton and Obama administrations have even warned this bill could grant cover for criminal cartels to engage in money laundering.

To the point at hand, marijuana-industry banking access has absolutely nothing to do with the funding of our military and other national-security operations; the inclusion of this amendment is just another example of the desperation of the marijuana industry. The American people should reject these shady tactics and put kids before the pot industry.

Kevin Sabet, a former three-time White House senior drug-policy adviser, is president of Smart Approaches to Marijuana and author of “Smokescreen: What the Marijuana Industry Doesn’t Want You to Know.”

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Alibaba Nearing Investment in Singapore Unicorn Ninja Van – BNN

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(Bloomberg) — Ninja Van, a Singaporean logistics startup, is set to raise about $580 million from investors including Chinese e-commerce giant Alibaba Group Holding Ltd., according to people familiar with the matter.

Some of Ninja Van’s existing investors will also participate in the series E round, the people said, asking not to be identified because the matter is private. Those include B Capital Group, the venture capital firm set up by Facebook Inc. co-founder Eduardo Saverin and Raj Ganguly, a former executive at Bain Capital, and European parcel delivery company Geopost/DPDgroup, the people said.

The new funding round will help lift the company’s valuation to well beyond $1 billion ahead of a potential initial public offering as early as next year, the people said. 

Venture capital firm Monk’s Hill Ventures and Zamrud, an existing investor linked to a Southeast Asian sovereign wealth fund, are also participating in the round, the people said. Ninja Van plans to use the funds to better its infrastructure and technology, as it seeks to be cost efficient while improving the quality of its operations.

Representatives for Alibaba, B Capital, Geopost, Monk’s Hill Ventures couldn’t immediately be reached for comment by phone or email outside of normal business hours. A Ninja Van representative couldn’t immediately comment. 

Investors are betting on transportation, logistics and warehouse companies amid a boom in e-commerce, one of the beneficiaries of the coronavirus pandemic.

Founded in 2014, Ninja Van operates in six markets in Southeast Asia and delivers close to 2 million parcels a day in the region, according to its website. It raised $279 million in a series D round last year where participants included ride-hailing firm Grab Holdings Inc.

Ninja Van’s clients include PT Tokopedia, which has merged with ride-hailing giant Gojek to create GoTo, Indonesia’s most valuable startup, Alibaba’s Lazada Group and Shopee, a unit of Singapore-based Sea Ltd. The logistics startup also works with global consumer groups such as Unilever Plc and with smaller shops.

©2021 Bloomberg L.P.

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