5 Best Stocks to Buy According to Peter Lewis’ LFL Advisers

2. TE Connectivity Ltd. (NYSE:TEL) 

Lewis’ Stake Value: $ 30,590,000

Percentage of Peter Lewis’ 13F portfolio: 14.28%

Number of Hedge Fund Holders: 39

TE Connectivity Ltd (NYSE: TEL) ranks 2nd on Peter Lewis’ list of top stocks to invest in. Dealing in the development and manufacture of connectivity and sensor solutions, the company operates through its three segments: Industrial Solutions, Transportation Solutions, and Communications Solutions.

Investment management firm ClearBridge Investments released its Q2 2021 investor letter, in which it mentioned TE Connectivity Ltd (NYSE: TEL). Here’s what it had to say:

“The portfolio’s quality bias and valuation discipline have generated compelling returns over time with typically strong relative results in more challenging environments as it did through the first three quarters of 2020. However, that same quality bias tends to create a more challenging relative performance environment for the Strategy during periods of sharp economic acceleration, which tend to benefit stocks that are more commodity linked or of lower quality. This has been the case during the vaccine- and stimulus-driven rally experienced late last year and during the most recent quarter. Sectors that lagged in the quarter included information technology (IT), where TE Connectivity performed well but trailed the sector in the first quarter after a strong 2020.”