Citrone’s Top 5 Stock Picks

4. StoneCo Ltd. (NASDAQ:STNE)

Discovery Capital Management’s Equity Stake: $40.3M

StoneCo Ltd. (NASDAQ:STNE) is one of Citrone’s top stock picks in the technology sector, specializing in offering financial technology and software solutions to merchants and integrated partners. StoneCo Ltd. (NASDAQ:STNE)’s solutions power electronic commerce across in-store, online, and mobile channels.

StoneCo Ltd. (NASDAQ:STNE) was up by over 90% in 2023, with most gains coming in the fourth quarter.

Here is what Nordstern Capital said about StoneCo Ltd. (NASDAQ:STNE) in its Q1 2023 investor letter:

“StoneCo Ltd. (NASDAQ:STNE): (STNE, share price increased + 1% in 1Q 2023)

The card association in Brazil has indicated that the industry should grow between 14% and 18% this year. And we expect to continue to gain market share.” – Thiago dos Santos Piao, Director and former CEO StoneCo Ltd

STNE’s transformation is progressing well. New key personnel have joined, the board and management have strengthened. Cash flows are growing, margins are increasing, the client base and market share keep expanding. The company is all set to restart its lending business in the second half of 2023.

In our view, despite all the changes, STNE still offers best-in-class service coupled with lower pricing than the industry and continues to drive high customer satisfaction…” (Click here to read the full text)