Del Principe O’Brien Financial Advisors recently released its third-quarter investor letter – a copy of which is available for download here. The fund posted a return of 8.6% for the quarter, underperforming its benchmark, the S&P 500 Index which returned 8.9% in the same quarter. You should check out Del Principe O’Brien Financial Advisors top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q3 2020 Investor Letter, Del Principe O’Brien Financial Advisors highlighted a few stocks and Mastercard Inc (NYSE:MA) is one of them. Mastercard Inc (NYSE:MA) is a financial services company. Year-to-date, Mastercard Inc (NYSE:MA) stock gained 12.8% and on December 17th it had a closing price of $336.90. Here is what Del Principe O’Brien Financial Advisors said:
“The market pullback in the spring gave us a chance to become owners of Mastercard, one of the biggest players in the global payments industry. In fiscal year 2019, the company processed almost $5 trillion in purchase transactions and holds 29% of the global market share for credit cards and 24% of the global market for debit cards.
In June, Mastercard entered into an agreement to acquire Finicity, a financial data and insight provider, for a purchase price of $825 million. The move is meant to strengthen Mastercard’s existing open banking platform. Open banking is a system that gives third parties, including other banks and tech start-ups that provide financial services (think budgeting apps), digital access to financial data. A user-focused innovation in the banking industry, open banking is thought to be the future of banking. We see an active investment in its open banking platform as a good move for Mastercard toward maintaining its leadership in the global market.”
Valeri Potapova / Shutterstock.com
Earlier this month, we published an article revealing that Mastercard Inc (NYSE:MA) is one of the top 10 dividend stocks Warren Buffett likes the most.
In Q3 2020, the number of bullish hedge fund positions on Mastercard Inc (NYSE:MA) stock decreased by about 10% from the previous quarter (see the chart here), so a number of other hedge fund managers don’t believe in Mastercard’s growth potential. Our calculations showed that Mastercard Inc (NYSE:MA) is ranked #10 among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 216% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 121 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
Video: Top 5 Stocks Among Hedge Funds
At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our website:
Disclosure: None. This article is originally published at Insider Monkey.
