5 Stocks to Buy Now According to Joshua Pearl’s Hickory Lane Capital Management

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

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

Hickory Lane Capital Management’s Stake Value: $6,843,000
Percentage of Hickory Lane Capital Management’s 13F Portfolio: 3.64%
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. TCI Fund Management is the most prominent shareholder of S&P Global Inc. (NYSE:SPGI) and had stakes worth more than $1.77 billion as of the fourth quarter of 2021.

Joshua Pearl, via Hickory Lane Capital Management, owned 14,500 S&P Global Inc. (NYSE:SPGI) shares in the December quarter, worth $6.84 million, representing 3.64% of the hedge fund’s total 13F portfolio. S&P Global Inc. (NYSE:SPGI) has featured on Joshua Pearl’s portfolio since Q3 2021, and he elevated his stake by 10% in the fourth quarter of 2021.

Prior to the first-quarter results, Raymond James analyst Patrick O’Shaughnessy lowered his price objective on S&P Global Inc. (NYSE:SPGI) from $497 to $475 and maintained an Outperform rating on the company. In a research note to investors, O’Shaughnessy stated that S&P Global Inc. (NYSE:SPGI)’s shares would be supported by an ambitious repurchase program in 2022.

In its first quarter 2022 investor letter, Cooper Investors mentioned S&P Global Inc. (NYSE:SPGI) and explained its insights for the company. Here is what the fund said:

“This quarter, S&P Global announced the successful completion of its acquisition of IHS Markit. The deal makes S&P a global leader across the information services industry. The Fund has been long term shareholders of S&P, building a position back in 2015 when the organization was still named McGraw-Hill Financial. We saw the initial opportunity as it refocused the business from a publishing and financial conglomerate towards its core data and financial assets. S&P’s credit ratings, benchmarks and analytics businesses in global capital and commodity markets carry leading positions, defensible offerings, consistent growth and high margins – as true today as it was seven years ago. With the increased focus management have applied over a lengthy period we see improved revenue growth, margins and cash flows…” (Click here to see the full text)