5 Tech Stocks to Buy Now According to Late Michael Price’s MFP Investors

2. Twitter, Inc. (NYSE:TWTR)

MFP Investors’ stake value: $21.93 million

Percentage of MFP Investors’ portfolio: 2.42%

Number of hedge fund holders: 83

MFP Investors doubled its stake in Twitter, Inc. (NYSE:TWTR) during the December quarter. It is ranked second on our list of 10 tech stocks to buy now according to late Michael Price’s MFP Investors. Shares of Twitter jumped substantially in the past few weeks after Elon Mask revealed a 9% big stake in the company. Moreover, Elon Musk offered to buy the company for $43 billion. The company’s market cap is currently around $34 billion. 

In the fourth quarter investor letter, ClearBridge Investments, an investment management firm, mentioned a few stocks including Twitter. Here is what ClearBridge Investments stated:

“Weakness among our holdings in the communication services sector was the other detractor to performance. Twitter shares sold off following weaker than expected third-quarter results, but under new leadership, we see the potential for improved execution and performance as live events and entertainment return to pre-pandemic levels.”