5 Stocks “About To Pop” According To Jim Cramer: In Retrospect

4. S&P Global Inc. (NYSE:SPGI)

Number of Hedge Fund Holders: 97

6-Month Performance as of March 30 (Relative to SPY): -1.71%

Cramer also mentioned S&P Global Inc. (NYSE:SPGI) among his top stocks that were “about to pop”. He said that while IPOs are mute at the moment, it is not the “new normal” and investors should by S&P Global Inc. (NYSE:SPGI) on the dip. S&P Global Inc. (NYSE:SPGI) has underperformed the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 1.71% over the past 6 months, as of March 30.

97 hedge funds disclosed having stakes in S&P Global Inc. (NYSE:SPGI) at the end of Q4 2022. The total value of these stakes amounted to $7.88 billion, up from $6.24 billion in the previous quarter with 90 positions. The hedge fund sentiment for the stock is positive.

As of December 31, TCI Fund Management is the largest shareholder in S&P Global Inc. (NYSE:SPGI) and has a stake worth $3 billion.

Baron Funds made the following comment about S&P Global Inc. (NYSE:SPGI) in its Q4 2022 investor letter:

“Shares of rating agency and data provider S&P Global Inc. (NYSE:SPGI) increased 10.1% during the quarter as investors looked past weak debt issuance activity and anticipated a potential issuance rebound in 2023. Equity markets rose during the quarter, offering some reprieve to asset-based revenue headwinds. The company also hosted an Investor Day during which management provided medium-term financial guidance of 7% to 9% annual revenue growth and low to mid-teens annual EPS growth. We continue to own the stock due to the company’s durable growth characteristics that are underpinned by the secular trends of increasing bond issuance, growth in passive investing, and demand for data and analytics, while also benefiting from significant competitive advantages.”