For growth managers who saw smooth sailing in the first year of the COVID-19 pandemic, 2021 has brought challenges as recovery-geared value stocks swung into favor, leaving some highfliers in the dust.
As for stocks set to benefit from that turn, he shares a few ideas from the portfolio, starting with Coupa Software COUP, +0.43%, a cloud platform for business spend management that drives corporate digital business transformations. Their “sweet spot is supply-chain management so companies who want to increase their business, or become more efficient, and go digital and control their supply chain, this is the company they’re using,” said Sparrow. Coupa shares are down 26% year to date.
While Wall Street is predicting sales will grow 61% this year and slow 20% next year he remains a fan. “I’m a frequent flier in the DoorDash ecosystem and I know how good it is and I know how convenient it is, mentally,” he said. DoorDash shares are up 54% this year so far. Running on empty, all over Energy, or rather a lack of, is a hot topic for Monday. Thousands of gas stations ran dry in the U.K. on Sunday, while power outages in China have closed factories and darkened households. Goldman Sachs boosted its Brent crude BRN00, +1.44% outlook to $90 by the end -2021, calling Hurricane Ida the most bullish in U.S. history. Oil CL00, +1.37% and natural gas prices NGV21, +3.99% are climbing this morning.