• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025

Trump Announces First Post-Tariff Trade Deal

May 8, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, May 9
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

    May 9, 2025

    Trump Announces First Post-Tariff Trade Deal

    May 8, 2025

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»Billionaire Ken Fisher Stays Heavily Invested in These 2 ‘Strong Buy’ Stocks
Finance

Billionaire Ken Fisher Stays Heavily Invested in These 2 ‘Strong Buy’ Stocks

July 31, 2023No Comments7 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Don’t be duped by doomsayers, billionaire Ken Fisher says — this mega-cap-led surge has legs. Here are 3 stocks he’s using to bet on a bounce
Share
Facebook Twitter LinkedIn Pinterest Email
Ken Fisher

Ken Fisher

We have just been through a period of abundant stock market gains, but that is no coincidence, according to one legendary stock picker.

Ken Fisher calls the last 9 months the “midterm miracle.” That is, history has shown that the 9 months starting October of a midterm election year turn out to be the most consistently profitable period in the stock market in all stock market history. With the huge strides made since October 1 last year, this scenario has played out in a “picture perfect” way.

But what happens now that period has been and gone? Well, the Fisher Investments founder, whose net worth is valued at ~$7.2 billion, concedes that the back half of the year that follows isn’t quite as bountiful, but it is still meaningfully better than average. For example, normally, stocks rise 65-70% of the time, but in the midterm miracle period they rise, historically, 92% of the time, and in the period that follows that, they’re normally positive about 85% of the time, with slightly lower average returns of about 4 to 5% (compared to the midterm miracle’s 6.5%).

“Will that happen this time?” asks Fisher. “Well, you don’t really get the average except for by luck, but it’s probably a profitable time. It’s a good time, partly because people still remain skeptical. People keep coming up with yeah buts to try to justify why this can’t really be a bull market. And it is a bull market.”

With such a positive outlook, then, it makes sense to find out which stocks Fisher thinks are the ones that will keep on delivering the goods, and we’ve gotten the process started. We ran a pair of names Fisher remains heavily invested in through the TipRanks database to see if there’s widespread agreement on the Street that these are both worth leaning into right now. Turns out there certainly is – both are currently rated as Strong Buys by the analyst consensus. Let’s find out why.

See also  What India’s Rice Export Ban Means for Southeast Asia

Las Vegas Sands (LVS)

For our first Fisher-backed name, we’ll head to the hospitality and entertainment sector and Las Vegas Sands, a company known for its prestigious resort properties and casinos. Founded by the late billionaire entrepreneur Sheldon Adelson, the company played a pivotal role in shaping the Las Vegas Strip into a hub of luxury and extravagance. The company sold its Las Vegas properties in 2021, but its footprint is now global with properties in Macau and Singapore (Marina Bay Sands).

The stock market has made a remarkable recovery this year and that has been mirrored by the big improvement made at LVS in 2023, as was evident in the company’s recent Q2 report. Revenue climbed by 142% year-over-year to $2.54 billion, beating the Street’s call by $160 million. Adj. EPS came in at $0.46, ahead of the forecasts by $0.03.

However, investors were a bit disappointed in the quarter’s Macau visitors, which reached around 6.7 million. That is roughly 68% of the 9.9 million visitors seen in 2Q19, the last comparable period before the Covid-19 pandemic impacted operations. That said, despite the post-earnings drop, the stock’s 23% year-to-date return is still better than the 19% gains delivered so far by the S&P 500.

Meanwhile, Fisher keeps hold of a big LVS position, being the owner of 9,242,005 shares, currently worth over $547 million.

The company also has a fan in Stifel analyst Steven Wieczynski, who is not bothered about the visitation numbers, and in fact, is impressed with the way things are shaping up for LVS.

“The recovery in Macau/Singapore continues to exceed our expectations,” said the 5-Star analyst after scanning the Q2 print. “Moving forward we expect to witness positive earnings revisions as the recovery and profitability in both markets is not fully embedded in current consensus, in our opinion. With fears continuing to swell around the domestic consumer, we believe owning LVS and their Macau-centric peers presents the best risk/reward setup for the remainder of 2023… LVS and other Macau-centric names remain momentum stocks and as long as visitation/spend patterns continue to be healthy over the next couple of months, we believe shares should outperform.”

See also  The CEO of robotics giant ABB is 'pretty pessimistic' on China

Translating these thoughts into grades and numbers, Wieczynski’s Buy rating is accompanied by a $78 price target, suggesting the shares have room for growth of 31% in the year ahead. (To watch Wieczynski’s track record, click here)

Most on the Street agree. Based on 9 Buys vs. 2 Holds, the stock claims a Strong Buy consensus rating. Going by the $70.95 average target, a year from now, investors will be locking in returns of ~19%. (See LVS stock forecast)

Marvell Technology (MRVL)

Our next Fisher-backed name offers an entirely different value proposition. Marvell is a prominent semiconductor firm known for its innovative solutions and advancements in the field of data infrastructure. The Santa Clara, California-based company has established itself as a global leader in providing integrated circuits and storage solutions for a wide range of applications.

Its product portfolio includes a diverse array of offerings, such as data storage controllers, networking products and custom application-specific integrated circuits (ASICs), while the company caters to diverse markets, including data centers, automotive, enterprise networking, cloud, and carrier infrastructure, among others.

Tech has driven the market gains this year, and MRVL shares have participated in the rally – the stock is up by 75% year-to-date. A big chunk of those gains came in the wake of the company’s first quarter of fiscal 2024 report (April quarter). While revenue fell by 9% y/y to $1.32 billion, that figure beat the consensus estimate by $20 million. Likewise on the bottom-line, adj. EPS of $0.31 edged out the $0.29 forecast. The outlook impressed, as well. For FQ2, at the midpoint, revenue is expected to reach $1.330 billion, compared to consensus at $1.31 billion, while adj. EPS is anticipated to hit $0.32 vs. the Street’s call of $0.31.

See also  How Is Sri Lanka Navigating Its IMF Bailout Program?

Fisher, then, must be pleased with his ongoing investment. He owns 1,356,647 MRVL shares, which currently boast a market value just over $88 million.

Assessing MRVL’s prospects, Wolfe analyst Chris Caso points out several reasons why investors should consider adding shares of this semi heavyweight to their portfolios.

“Our constructive thesis is underpinned by a return to normal in MRVL’s cyclical businesses (consumer, enterprise networking, wired carrier networking and storage – about half of CY24 revenue), coupled with MRVL’s structural growth businesses… We expect Inphi/optical to be the fastest growth business within MRVL due to the need to move to optical interconnect as hyperscale speeds move higher, and copper runs into physical limits… We view auto growth to be secure since MRVL has the only multi-Gb solution and automakers are clearly migrating to ethernet over time. Semi-custom growth is also likely with secure design wins (albeit at dilutive GMs, though accretive OMs),” the 5-Star analyst wrote.

These comments form the basis for Caso’s Outperform (i.e., Buy) rating while his $80 price target implies shares will climb 23% higher over the one-year timeframe. (To watch Caso’s track record, click here)

Elsewhere on the Street, one analyst remains unconvinced, but all 19 other recent reviews are also positive, making the consensus view here a Strong Buy. (See MRVL stock forecast)

To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

Billionaire buy Fisher heavily Invested Ken stays Stocks strong
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Where Can I Buy Inclusive Commercial Playground Equipment For Schools?

May 2, 2025

Where Can I Buy Durable And Safe Playground Equipment For Parks? (And Why It Matters)

April 25, 2025

‘Strong And Clear Message’: European Bureaucrats Slap American Tech Giants With Massive Fines

April 23, 2025

Ending China’s De Minimis Exception Brings 3 Benefits for Americans

April 17, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Brazil offers tax advantages via e-commerce compliance program

July 1, 2023

Cathie Wood says her flagship innovation fund has completely exited China

July 22, 2023

Former Spanish Soccer Prez Luis Rubiales Suspended 3 Years for World Cup Kiss

October 31, 2023

It’s Sunday at the U.S. Open, and the Leaders Are Tied

June 21, 2023
Don't Miss

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

Business May 9, 2025

The United States has “not a huge amount of time” before China reaches parity or…

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,111)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,627)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Woke Disney Catches DeSantis Napping By Stripping Powers From Florida Governor’s Appointed Board Members

March 31, 2023

World’s 1st “Superfast” Electric Car Battery Offers 400 Km Range From 10 Minutes Of Charge

August 19, 2023

What Do China’s Neighbors Think of De-risking?

August 23, 2023
Popular Posts

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025

Trump Announces First Post-Tariff Trade Deal

May 8, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.