7 undervalued stocks to buy now: Top 1% manager in 2023

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

Business News News

A fund manager who's outperformed 99% of his peers in 2023 shares exactly how he finds undervalued gems that others overlook — and his 7 favorite stocks to buy now

Cheap, high-quality international small-cap stocks are the bedrock of Costa’s portfolio.After an eventful first four months of the year, there's finally enough of a sample size to see which stock-pickers are thriving and who's getting left in the dust.

"The way I think about our approach is: we're a boxer punching with both fists," Costa told Insider in a recent interview."We want to think about the upside, so we definitely get excited when we see that upside case, but we want the downside protection too."Many US-based investors have a strong domestic bias, meaning they primarily put their money in companies based in the US that they're already familiar with.

"This perception of higher risk — I think — is unwarranted, but we like the perception being that way because it provides us with that dislocation," Costa said. "What's very interesting about non-US small caps is that you could find many companies that are by definition small caps, but when you look at the businesses, they have large-cap characteristics," Costa said."And the reason is because many of these businesses operate in small countries."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines