5 Stocks to Buy According to Mark McMeans’ Brasada Capital Management

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1. Alphabet Inc. (NASDAQ:GOOG)

Brasada Capital Management’s Stake Value: $18,430,000
Percentage of Brasada Capital Management’s 13F Portfolio: 4.13%
Number of Hedge Fund Holders: 153

Brasada Capital Management has been bullish on Alphabet Inc. (NASDAQ:GOOG) since the fourth quarter of 2017. Alphabet Inc. (NASDAQ:GOOG) tops the list of stocks to buy according to Mark McMeans’ Brasada Capital Management. The stock accounted for about 4.13% of Brasada Capital Management’s portfolio, and the hedge fund owned an $18.43 million stake in the firm.

On August 23, Casa Systems, Inc. (NASDAQ:CASA) and Alphabet Inc. (NASDAQ:GOOG) announced a strategic technology and distribution agreement to enhance and distinguish their respective integrated cloud-native software and service offerings.

On August 3, Tigress Financial analyst Ivan Feinseth raised his price target on Alphabet Inc. (NASDAQ:GOOG) from $183 to $186 while maintaining a ‘Strong Buy’ rating. He did this by pointing to the company’s Q2 earnings as proof of the strength of its core businesses in Cloud and Search.

Alphabet Inc. (NASDAQ:GOOG.A) was in 153 hedge fund portfolios at the end of the second quarter of 2022, while there were 160 hedge funds in our database with Alphabet Inc. (NASDAQ:GOOG.A) positions at the end of the previous quarter.

Here is what Horos Asset Management specifically said about Alphabet Inc. (NASDAQ:GOOG.A) in its second quarter 2022 investor letter:

“As we pointed out in the previous quarterly letter, high inflation and, more specifically, the consequent interest rate hikes by the vast majority of central banks, led to companies with high growth and future cash flow generation expectations being the most severely hit in this year’s market downturn. This category also includes technology companies with high quality businesses, but which traded at demanding valuations. This is the case of Alphabet Inc. (NASDAQ:GOOG), a company in which we are investing again two and a half years after our exit….(Click here to read the full text).”

You can also take a peek at 10 Stocks to Buy According to Cheyne Capital and 10 Stocks to Buy According to John Hurley’s Cavalry Asset Management.

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