In this article, we will be taking a look at the 5 best tech stocks to buy now according to GuardCap Asset Management. To read our detailed analysis of GuardCap Asset Management’s profile, investment strategy, risk/reward, and methodology of this list, you can go to see the 10 Best Tech Stocks to Buy According to GuardCap Asset Management.
5. Mastercard Inc (NYSE:MA)
GuardCap Asset Management’s Stake Value: $521,974,000
Percentage of GuardCap Asset Management’s 13F Portfolio: 8.01%
Mastercard Inc (NYSE:MA) is a global technology company focused on the payments industry that connects consumers, financial institutions, merchants, governments, digital partners, businesses and other organizations worldwide, enabling them to use electronic forms of payment instead of cash and checks. Mastercard Inc (NYSE:MA) reported 968 million consumer credit cards, 1.5 billion consumer debit and prepaid cards, and 111 million commercial credit and debit cards in issuance as of December 31, 2022.
In the second quarter, GuardCap Asset Management owned 1,654,540 shares of Mastercard Inc (NYSE:MA), making up 8.01% of the investment manger’s 13F portfolio. Its stake decreased by 2% in Q2 2022, compared to the previous quarter.
Mastercard Inc (NYSE:MA) released its financial results for Q2 2022 earlier this year in July. Net revenue increased by 11% y-o-y to $5.5 billion, while net earnings increased by 10% y-o-y to $ 2.3 billion. The company also reported an EPS of $2.56, beating the consensus by $0.20.
Although shares of Mastercard Inc (NYSE:MA) are down over 10% year to date, they could have upside if the economy doesn’t enter into a recession.
4. UnitedHealth Group Inc. (NYSE:UNH)
GuardCap Asset Management’s Stake Value: $545,086,000
Percentage of GuardCap Asset Management’s 13F Portfolio: 8.36%
UnitedHealth Group Inc. (NYSE:UNH) is a healthcare technology company based in Minnesota providing health coverage, software, data and consultancy services. Its health insurance business utilizes technology and data capabilities to help coordinate patient care, improve affordability, analyze cost trends, manage pharmacy benefits, and create a simpler consumer experience.
GuardCap Asset Management’s 13F Portfolio is heavily weighted with UnitedHealth Group Inc. (NYSE:UNH) stock with ownership of 1,061,243 shares accounting for 8.36% of the 13F portfolio. GuardCap Asset Management’s stake went down by 29% in Q2 2022, compared to the previous quarter.
Earlier this year in July, UnitedHealth Group Inc. (NYSE:UNH) released the financial results for Q2 2022. Revenue increased by 13% y-o-y to $80.3 billion, while net income increased by 19% y-o-y to $5.2 billion. The company also reported an EPS of $5.57, beating the consensus by $0.36.
Following the earnings release, Mizuho analyst Ann Hynes raised the firm’s price target on its shares to $600 from $550 and maintains a ‘Buy’ rating.
3. Booking Holdings Inc. (NASDAQ:BKNG)
GuardCap Asset Management’s Stake Value: $552,273,000
Percentage of GuardCap Asset Management’s 13F Portfolio: 8.47%
Based in Norwalk, Connecticut, Booking Holdings Inc. (NASDAQ:BKNG), is a leading provider of online travel and related services with a presence in more than 220 countries and territories across the world. The company provides its services primarily through six online platforms: Booking.com, Priceline, Agoda, Rentalcars.com, KAYAK and OpenTable. It boasts more than 28 million listings of hotels, homes, apartments, and other unique places to stay across its platforms.
Booking Holdings Inc. (NASDAQ:BKNG) is among the top 3 stocks in GuardCap Asset Management’s 13F portfolio based on its portfolio percentage. The investment manager owns 315,767 shares, making up 8.47% of the 13F portfolio. Its stake increased by 1% in Q2 2022 compared to the previous quarter.
For the three months ended June 30, 2022, Booking Holdings Inc. (NASDAQ:BKNG) total revenues increased by 99% y-o-y to $4.3 billion, and its EPS of $21.07 also beat the consensus by $5.23.
Analysts have an average price target of $2,395.23 per share.
2. Alphabet Inc. (NASDAQ:GOOG)
GuardCap Asset Management’s Stake Value: $605,684,000
Percentage of GuardCap Asset Management’s 13F Portfolio: 9.29%
Alphabet Inc. (NASDAQ:GOOG), based in Mountain View, California, is the parent company of several companies including the Google, Verily Life Sciences, GV (formerly Google Ventures), Calico, and X-the moonshot factory. The majority of the company’s revenue is generated by Google Services which comprises of ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
According to the latest SEC data, Alphabet Inc. (NASDAQ:GOOG) ranked #2 on the list of GuardCap Asset Management’s holdings based on its 13F portfolio weight of 9.29% with the investment manager owning 277,931 shares. Its stake increased by 2% in Q2 2022, compared to the previous quarter.
Alphabet Inc. (NASDAQ:GOOG) announced the release of Android 13 earlier in August, adding multiple new features focused on personalization and privacy. The company also released the financial results for Q2 2022 earlier this year in July. Revenue increased by 13% y-o-y to $69.7 billion and the company reported an EPS of $1.21, missing the consensus by $0.08.
In the long term, Alphabet Inc. (NASDAQ:GOOG) shares could continue to grow if the company successfully maintains its leading market share in search.
1. CME Group Inc. (NASDAQ:CME)
GuardCap Asset Management’s Stake Value: $858,725,000
Percentage of GuardCap Asset Management’s 13F Portfolio: 13.17%
Based in Chicago, Illinois, CME Group Inc. (NASDAQ:CME) is the world’s leading derivatives marketplace. Through its trading facilities in New York and Chicago, and its CME Globex® electronic trading platform, CME Group Inc. (NASDAQ:CME) provides access to products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather, and real estate.
According to our data, CME Group Inc. (NASDAQ:CME) holds the highest percentage in GuardCap Asset Management’s 13F portfolio, making up for 13.17% of the portfolio with 4,195,042 shares held by the investment manager. GuardCap’s stake increased by 2% in Q2 2022, compared to the previous quarter.
Earlier this year in July, CME Group Inc. (NASDAQ:CME) released its financial results for Q2 2022. Revenue increased by 5% y-o-y to $1.2 billion and the company reported EPS of $1.97, beating the consensus by $0.04.
On August 29, the derivatives marketplace operator also announced plans to further expand its cryptocurrency derivatives offering with the introduction of Bitcoin Euro and Ether Euro futures, pending regulatory review.
Although shares of CME Group Inc. (NASDAQ:CME) have a forward P/E ratio of over 23, the stock could have upside in the long term if the company maintains its market share in financial trading.
You can also take a look at the 10 Best Websites To Research Stocks and Morris Mark’s Mark Asset Management Latest Portfolio: Top 10 Stock Picks.
