5 Stocks to Buy Now According to Jeffrey Gates’ Gates Capital

In this article, we discuss 5 stocks to buy now according to Jeffrey Gates’ Gates Capital. If you want to read our detailed analysis of Gates’ history, investment philosophy, and hedge fund performance, go directly to 10 Stocks to Buy Now According to Jeffrey Gates’ Gates Capital.

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

Gates Capital Stake Value: $186,694,000
Percentage of Gates Capital’s 13F Portfolio: 5.16%
Number of Hedge Fund Holders: 79

S&P Global Inc. (NYSE:SPGI) provides the capital and commodities markets worldwide with transparent and unbiased ratings, benchmarks, analytics, and data. On March 2, JPMorgan analyst Andrew Steinerman initiated coverage on S&P Global Inc. (NYSE:SPGI) with an Overweight rating and a price objective of $480.

S&P Global Inc. (NYSE:SPGI) and IHS Markit Ltd. (NYSE:INFO) announced on February 25 that they intended to finalize their merger on February 28 after the Competition and Markets Authority of the United Kingdom and the European Commission awarded the deal’s final regulatory clearances. After receiving antitrust permission in the United States, the two markets and industrial information businesses agreed to a $44 billion all-stock merger in November 2020.

A total of 79 hedge funds reported owning stakes worth $7.83 billion in S&P Global Inc. (NYSE:SPGI) during Q4 2021, compared to 78 funds in the preceding quarter, holding stakes in the company amounting to $7.04 billion.

Baron Funds, in its first-quarter 2021 investor letter, mentioned S&P Global Inc. (NYSE:SPGI). Here is what the fund said:

“S&P Global Inc. provides credit ratings, indexes, data, and analytics to the financial and commodities markets. Shares increased on strong fourth quarter results and 2021 guidance that exceeded Street expectations. Although bond issuance is expected to moderate after two years of exceptional growth, management still expects revenue to grow mid-single-digits this year. Also, shareholders overwhelmingly voted to approve the merger with IHS Markit. We continue to own the stock as we see a long runway for growth and significant competitive advantages for the company.”