5 Stocks That Credit Markets Expert Steve Ketchum Likes

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1. Maxar Technologies Inc. (NYSE:MAXR)

Closing out our list is Maxar Technologies Inc (NYSE:MAXR), the top stock pick of Steve Ketchum’s Sound Point Capital for each of the last three quarters. The fund owned 76,000 MAXR shares on September 30 after adding another 20,000 shares to its holding during Q3. Sound Point was one of just 13 hedge funds long MAXR on September 30 among the funds tracked by Insider Monkey, down from 22 at the end of March.

Maxar Technologies Inc (NYSE:MAXR) appears to be a compelling and undervalued pick in the defense space, where valuations have started to reset. The company recently extended its contracts with three prominent defense customers in deals worth more than $100 million combined. Maxar had sales of $437 million in Q3 and pulled in earnings per share of $0.19, both of which slightly missed estimates. The company’s growth initiatives were solid during the quarter, as it signed a contract with another U.S partner and grew its book-to-bill ratio to over 2x.

You can also take a peek at10 Tech Stocks to Buy According to Select Equity Group and Top 10 Stock Picks of Thomas Bancroft’s Makaira Partners.

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