Unknown Billionaire Phill Gross’ 10 Stock Picks with Huge Upside Potential

7. WESCO International, Inc. (NYSE:WCC)

Number of Hedge Fund Holders as of Q4: 62

Adage Capital Management’s Equity Stake: $247.15 Million 

Upside Potential as of May 2: 37.97%

WESCO International, Inc. (NYSE:WCC), a publicly traded American holding company based in Pittsburgh, Pennsylvania, is the parent company of Wesco Distribution. It plays a crucial role in the global electrical distribution and services industry, operating through three primary segments: Electrical & Electronic Solutions, Communications & Security Solutions, and Utility & Broadband Solutions. With a network of nearly 800 branches and a customer base exceeding 150,000 worldwide, Wesco leverages its expansive global footprint to maintain operational flexibility and efficiency, which are essential to staying competitive in a dynamic market environment.

On May 1, 2025, WESCO International, Inc. (NYSE:WCC) released its financial results for the first quarter of fiscal year 2025. The company reported adjusted earnings of $2.21 per share, representing a 3.9% decline from the previous year’s first quarter. Despite this slight dip in earnings, Wesco managed to surpass Wall Street expectations, beating the consensus estimate by 2.10%. Total net sales for the quarter stood at $5.34 billion, reflecting a modest 0.1% decrease compared to the prior year, primarily due to persistent challenges in the utility business segment.

While the overall net sales showed a minor year-over-year decline, WESCO International, Inc. (NYSE:WCC) highlighted a 5.6% increase in organic sales, indicating solid performance in its core operations outside of the utility segment. This growth in organic sales demonstrates the resilience and adaptability of Wesco’s diversified business model, even amid sector-specific headwinds. The company’s consistent performance across multiple product and service categories underscores its strategic positioning and reinforces its long-term growth prospects in both mature and emerging markets.

With an upside potential of 37.97% and a price target of $209.75 as of May 2, WESCO International, Inc. (NYSE:WCC) ranks seventh in the list of Phill Gross’ stock picks with huge upside potential.