Wasatch Core Growth Fund recently released its Q2 2021 Investor Letter, a copy of which you can download here. The fund posted a return of 8.6% for the quarter, outperforming its benchmark, the Russell 2000 Index which returned 4.3% in the same quarter. You should check out Wasatch’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q2 2021 Investor Letter, the fund highlighted a few stocks and Ziprecruiter Inc. (NYSE:ZIP) is one of them. Ziprecruiter Inc. (NYSE:ZIP) provides employment services. In the last three months, Ziprecruiter Inc. (NYSE:ZIP) stock gained 28%. Here is what the fund said:
“We believe ZipRecruiter is an extremely wellmanaged company that provides a full range of employment services—most of which are enabled by technology. The company offers recruiting, hiring, job boards, posting, web application, candidate screening, applicant tracking and job alerts. The process of employing workers historically has been very time-consuming, inefficient and fraught with mistakes. Therefore, tech-enabled employment services are clearly going to be in high demand going forward. But traditional employment methods still dominate the process of attracting workers and finding jobs. That will change. So there’s enormous headroom for growth. In the employment space, we think ZipRecruiter is one of the two best-positioned U.S. companies. And beyond domestic borders, the international potential is even larger.”
In August, we published an article revealing that Ziprecruiter Inc. (NYSE:ZIP) was one of the 15 best new tech stocks to buy now.
Our calculations showed that Ziprecruiter Inc. (NYSE:ZIP) isn’t ranked among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage.
Disclosure: None. This article is originally published at Insider Monkey.
