At this stage of the bull market, there’s been a crowding of money in large-cap stocks, especially growth stocks.
The Alger Mid-Cap Focus Fund generally holds about 50 stocks. Zhang also manages the Alger Mid-Cap 40 ETF FRTY, +0.08%, which was established in February and follows a similar strategy, but typically holds 40 stocks.During an interview, Zhang called midcaps “the best of both worlds,” because there are good values to be found off the beaten path, and because there are also growth plays.
At the end of September, the fund was “overweight in financials and industrials,” compared to its benchmark index, she said. Upstart Holdings Upstart Holdings Inc. UPST, -4.21% has developed a cloud-based lending platform for banks that makes use of artificial intelligence. The service began with a streamlined platform for unsecured consumer loans, including application, underwriting and servicing. The company added a similar service for auto loans during 2020. The service is cloud-based; the company said that during 2020, over half of customers who obtained loans through Upstart had applied using their mobile phones.
Signature Bank Signature Bank SBNY, -3.79% of New York is a rapidly growing regional player in an industry that most investors don’t associate with growth. That expected 19.3% revenue CAGR from 2021 through 2023 is the highest among the 24 banks in the KBW Bank Index BKX, +0.87%. Herc Holdings Herc Holdings Inc. HRI, -2.10% leases heavy equipment through subsidiaries, including Herc Rentals. It operates through more than 270 locations in North America. The company was spun off by the old Hertz Holdings in June 2016.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
La source: WSJ - 🏆 98. / 63 Lire la suite »
La source: CNBC - 🏆 12. / 72 Lire la suite »