Below are billionaire Ken Fisher’s 5 new stock picks. For a comprehensive list and our analysis of Ken Fisher’s investment strategy, please see Billionaire Ken Fisher’s 10 New Stock Picks.
5. Viatris Inc. (NASDAQ: VTRS)
Shares of Viatris Inc. (NASDAQ: VTRS) remained range-bound since the beginning of this year due to a conservative outlook. The company projects its 2021 revenue to remain flat with the past year and described the year as ‘trough’. The company is working on restructuring strategies including downsizing or divestiture of up to 15 manufacturing facilities globally. The company aims to reduce its cost base by $1B in the next three years. Pfizer Inc. (NYSE: PFE) recently spin-off its Upjohn Business and combined it with Mylan N.V. to form Viatris Inc.
4. Sandvik AB (OTCMKTS: SDVKY)
The industrial machinery maker Sandvik AB (SDVKY) is a newcomer in Fisher’s portfolio and it is showing an upbeat performance. Its shares are up 26% in the last three months, extending twelve months gains to 32% as investors have been appreciating its growth strategies. The company has recently announced plans to acquire DSI Underground for €943 million.
Sandvik operates as an engineering company in the areas of mining and rock excavation, metal cutting, and materials technology worldwide. The company offers metal-cutting tools and tooling systems.
3. The Unilever Group (NYSE: UL)
Fisher Asset Management has initiated a position in The Unilever Group (NYSE: UL) during the fourth quarter. However, the hedge fund’s UL position underperformed since the beginning of this year. Its shares are down almost 9% year to date. On the positive side, the company offers big dividends to shareholders. It currently offers a dividend yield of 3.42%.
Lindsell Train, an investment management firm, highlighted few stocks including Unilever Group in an investor letter. Here is what Lindsell Train stated:
“One of the biggest holdings here includes Unilever. The way consumers have flocked to such brands in 2020, perhaps for reassurance, has been reassuring for the investors.
In Unilever’s most recent quarterly results the company reported its e-commerce revenues were up 76% year-on-year, up to 10% of the total. This does not mean that Unilever is turning into an Internet business, but it does give reassurance that its brands – from Ben & Jerry’s to Domestos – can remain relevant in an increasingly digital world. By the way – have you tried Unilever’s new Marmite-infused peanut butter? It’s divine.”
2. Invesco Exchange-Traded Fund Trust – Invesco NASDAQ Internet ETF (NASDAQ: PNQI)
Billionaire Ken Fisher has created a position in Invesco Exchange-Traded Fund Trust – Invesco NASDAQ Internet ETF (NASDAQ: PNQI). The fund invests mainly in stocks from information technology, software, and services, and internet software companies. The price of PNQI rallied sharply by 12% since the beginning of this year, extending the twelve months gains to 67%. The prospects for Invesco NASDAQ Internet ETF are strong because of bright future fundamentals for the information technology sector.
1. TAL Education Group (NYSE: TAL)
Fisher’s stock-picking strategy also worked in the case of TAL Education Group (NYSE: TAL) because shares of the education company rallied 24% since the beginning of this year. The traders are applauding its strong financial numbers and growth prospects. The company has generated 35% year-over-year revenue growth in the latest quarter. Moreover, TAL expects December quarter revenue around $1.175B-$1.2B, representing a growth of +37% to +40%.
“In the third quarter, along with the effective measures China’s government has taken to continuously improve the public health situation and economy, we are pleased to see our tutoring business has also demonstrated on-track performance in this fiscal quarter. Looking ahead, we will keep making every effort to optimize our products, service, and technology, and further build up our all-round education services with top quality content and customer experience,” said Rong Luo, TAL’s chief financial officer.”
You can also take a peek at 15 Best Small-Cap Healthcare Stocks to Buy and 12 Best Mining Stocks to Buy Now.
