5 Best Stocks To Buy According To Josh Resnick’s Jericho Capital Asset Management

1. DISH Network Corporation (NASDAQ:DISH)

Jericho Capital Asset Management’s Stake Value: $312.5 million
Percentage of Jericho Capital Asset Management’s 13F Portfolio: 7.4%
Number of Hedge Fund Holders: 51

DISH Network Corporation (NASDAQ:DISH) is a Colorado-based satellite television company that provides satellite television, audio programming and interactive television services.

According to the second quarter 13F filings, Josh Resnick owns more than 7.47 million shares of DISH Network Corporation (NASDAQ:DISH), amounting to approximately $312.5 million and accounting for 7.4% of his hedge fund’s investment portfolio. At the end of the second quarter of 2021, 51 hedge funds in the database of Insider Monkey held stakes worth $2.5 billion in DISH Network Corporation (NASDAQ: DISH), the same as in the previous quarter worth $2.2 billion.

On September 17, Pivotal Research analyst Jeffrey Wlodarczak raised his price target on DISH Network Corporation (NASDAQ:DISH) to $65 from $60, and kept a Buy rating on the shares of the company.

In its Q2 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and DISH Network Corporation (NASDAQ:DISH) was one of them. Here is what the fund said:

“Portfolio holdings in the communication services and financials sectors also made strong contributions. Dish Network continues to make progress on the buildout of its greenfield 5G network, with Las Vegas slated to become the first market launched later this year. The company gained credibility, and its stock reacted favorably, after it announced a partnership with Amazon to deploy a 5G cloud-native network using AWS’s cloud infrastructure. While the stock has been volatile in recent quarters, we continue to feel confident in Dish’s long-term prospects, which include competing as a fourth U.S. wireless carrier. Charter Communications has been executing well and benefiting from the growth in residential broadband, which has been accelerated by COVID-19 and should see further support from the Biden Administration’s infrastructure bill, which earmarks $65 billion for broadband buildout. In addition, we expect the company to continue to grow its wireless business, leveraging its mobile virtual network operator (MVNO) relationship with Verizon. The company continues to generate strong and growing free cash flow and deploys it toward consistent and material share buybacks.”

You can also take a peek at 10 Cheap Small-Cap Stocks to Buy and 10 Penny Stocks with Upcoming Growth Catalysts.

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