In this article, we discuss the 5 stocks to buy now in the Mark Cuban stock portfolio. If you want to read about some more stocks in the Mark Cuban portfolio, go directly to Mark Cuban Stock Portfolio: 10 Stocks To Buy Now.
5. Fidelity National Financial, Inc. (NYSE:FNF)
Number of Hedge Fund Holders: 36
Fidelity National Financial, Inc. (NYSE:FNF) provides technology solutions for merchants, banks, and capital markets firms worldwide. On November 18, Fidelity National Financial reported that it has agreed to acquire TitlePoint, a part of Black Knight’s data and analytics division, for $225 million in cash. On November 3, Fidelity National Financial declared a $0.45 per share quarterly dividend. Cuban has advised large banks to mainstream crypto, like Fidelity Financial, as he believes this will help smoothen crypto prices in the long term.
On November 29, Truist analyst Mark Hughes maintained a Buy rating on Fidelity National Financial, Inc. (NYSE:FNF) stock and lowered the price target to $56 from $60, highlighting that the company will be the main beneficiary of firming prices, both residential and commercial.
Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Brave Warrior Capital is a leading shareholder in Fidelity National Financial, Inc. (NYSE:FNF) with 9.1 million shares worth more than $337 million.
In its Q3 2022 investor letter, Third Avenue Management, an asset management firm, highlighted a few stocks and Fidelity National Financial, Inc. (NYSE:FNF) was one of them. Here is what the fund said:
“Fidelity National Financial, Inc. (NYSE:FNF) (2.4% of Fund Assets), which is planning to distribute a 15% stake in its wholly-owned life-insurance subsidiary (F&G Annuities & Life) having now established the segment at a significant scale with approximately $40 billion of assets under management. This transaction will leave the FNF Group with a listed proxy for the value of its retained 85% stake in F&G, as well as a “net cash” balance sheet and market-leading position in US title insurance (and other transaction-related activity) through its wholly-owned Fidelity National Financial subsidiary.”
4. Live Nation Entertainment, Inc. (NYSE:LYV)
Number of Hedge Fund Holders: 40
Live Nation Entertainment, Inc. (NYSE:LYV) operates as a live entertainment company. Cuban bought Live Nation Entertainment, Inc. (NYSE:LYV) stock when the market was at an all-time low in March 2020, scooping up shares at a bargain.
On November 28, investment advisory Citi upgraded Live Nation Entertainment, Inc. (NYSE:LYV) stock to Buy from Neutral with a price target of $82, down from $90. Analyst Jason Bazinet issued the ratings update.
At the end of the third quarter of 2022, 40 hedge funds in the database of Insider Monkey held stakes worth $1.3 billion in Live Nation Entertainment, Inc. (NYSE:LYV), compared to 51 in the preceding quarter worth $2.1 billion.
In its Q2 2022 investor letter, Carillon Tower Advisors, an asset management firm, highlighted a few stocks and Live Nation Entertainment, Inc. (NYSE:LYV) was one of them. Here is what the fund said:
“Live Nation Entertainment, Inc. (NYSE:LYV) fell as economic worries gathered during the quarter and as a new wave of the pandemic gained steam. As this company also promotes concerts and shows in Europe and Latin America, economic worries in these regions may have weighed on sentiment. We are encouraged by very strong pent-up demand potential for concerts and shows following the pandemic.”
3. Netflix, Inc. (NASDAQ:NFLX)
Number of Hedge Fund Holders: 95
Netflix, Inc. (NASDAQ:NFLX) provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. Cuban has come out in the media and outlined his bullish stance on Netflix, Inc. (NASDAQ:NFLX). In an interview to news platform CNBC, Cuban said the trends in the streaming industry favored the firm more than competitors over the long-term.
On November 15, BofA analyst Jessica Reif Ehrlich reinstated coverage of Netflix, Inc. (NASDAQ:NFLX) stock with a Buy rating and $370 price target, noting that the company’s leading position within the still burgeoning shift towards non-linear video viewing, a strong runway for subscriber growth outside the US and upside from advertising video on demand.
Among the hedge funds being tracked by Insider Monkey, Camas, Washington-based investment firm Fisher Asset Management is a leading shareholder in Netflix, Inc. (NASDAQ:NFLX) with 6.6 million shares worth more than $1.2 billion.
In its Q3 2022 investor letter, Ensemble Capital Management, an asset management firm, highlighted a few stocks and Netflix, Inc. (NASDAQ:NFLX) was one of them. Here is what the fund said:
“Netflix, Inc. (NASDAQ:NFLX) (+34.6%): After a punishing first half of the year when bearish investors came to believe that Netflix’s growth days were done for good, the company reported fewer subscriber losses than expected in the second quarter and guided for a return to at least modest subscriber growth in the third quarter. In addition, as more information about the company’s planned advertising-supported subscription tier has become available, investors began to express growing confidence in this tool to revitalize growth in 2023.”
2. Alphabet Inc. (NASDAQ:GOOG)
Number of Hedge Fund Holders: 156
Alphabet Inc. (NASDAQ:GOOG) provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. On November 22, Google reported that Apple and Google came under additional scrutiny from worldwide regulators on Tuesday as the UK’s Competition and Markets Authority launched a probe into the tech giant’s effective duopoly on mobile browsers and cloud gaming. Cuban is bullish on AI and has lauded the efforts of Alphabet for heavy investment in the space.
On November 15, Morgan Stanley analyst Brian Nowak maintained an Overweight rating on Alphabet Inc. (NASDAQ: GOOG) stock and lowered the price target to $120 from $125, highlighting that the company missed third-quarter ad revenue expectations and/or guided to slower than expected forward growth.
At the end of the third quarter of 2022, 156 hedge funds in the database of Insider Monkey held stakes worth $19.3 billion in Alphabet Inc. (NASDAQ:GOOG), compared to 153 in the preceding quarter worth $22.3 billion.
In its Q3 2022 investor letter, Mayar Capital, an asset management firm, highlighted a few stocks and Alphabet Inc. (NASDAQ:GOOG) was one of them. Here is what the fund said:
“In early January this year – which admittedly feels like eons ago – US President Joe Biden was pushing Americans to take up the government’s offer of free COVID tests to help tackle the surging omicron variant. How did Biden respond when citizens asked about the availability of these tests?
“Google it!”
This advice, undoubtedly well-meant, was roundly scoffed at by the press, however. It seemed too obvious to be very helpful.
Anyway, the anecdote serves to introduce you to one of our largest holdings, Alphabet; the parent company of Google. Note that first, Alphabet’s original and core product – its search engine – has entered our common vocabulary as a verb. ‘Googling’ something has the same meaning as ‘researching’ or ‘finding an answer to something. Second, the reason Biden’s advice was met with such opprobrium was that Googling something has become almost second nature to us now.
These two observations reveal a lot about Google’s strength in the search engine market, in which it has a share of over 90 percent. Because internet search is almost the prototypical network, Alphabet Inc. (NASDAQ:GOOG) has benefitted from – and we think is also protected by – the huge competitive advantage its scale brings – both to those asking the questions and those providing the answers. The Google search platform becomes increasingly useful to anyone seeking the information as a greater volume of stuff becomes available. This starts a virtuous cycle that results in a colossal market share for Google itself. In the language of business strategists, Google benefits from vast network effects (read more)
1. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 252
Amazon.com, Inc. (NASDAQ:AMZN) engages in the retail sale of consumer products and subscriptions in North America and internationally. On November 29, Amazon unveiled several updates at its annual AWS re: Invent cloud computing conference, including new data and security services, new AWS-designed chips and more. Cuban started buying the stock in 2019 when it was trading at around half the price it is at presently. Cuban said he bought $1 billion in the stock during the time. The bet appears to have paid off handsomely.
On November 22, Piper Sandler analyst Thomas Champion maintained an Overweight rating on Amazon.com, Inc. (NASDAQ:AMZN) stock and lowered the price target to $119 from $125, highlighting the company’s third-quarter results with a focus on Web Services.
At the end of the third quarter of 2022, 252 hedge funds in the database of Insider Monkey held stakes worth $30 billion in Amazon.com, Inc. (NASDAQ:AMZN), compared to 271 in the preceding quarter worth $48 billion.
In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Amazon.com, Inc. (NASDAQ:AMZN) was one of them. Here is what the fund said:
“Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest retailer and cloud services, provider. Shares of Amazon declined 35% in the quarter due to weaker-than-expected profits resulting from the overcapacity of resources coming out of COVID. We expect Amazon to grow its retail capacity in the quarters to come, which would enable it to improve profitability accordingly. Amazon remains one of our largest holdings due to its durable competitive advantages with a leading position in multiple trillion-dollar markets with a long runway for growth (…read more)
You can also take a peek at 11 Best Micro-cap Dividend Stocks To Buy and 15 Best E-Commerce Stocks To Buy.
