The world is about to step out of a dark hole and into the bright sunshine, so investors should drop the anxiety already.
“Smaller companies and mid caps, to an extent as well, are more levered to an expansion in the markets. And that’s why we believe smaller cap companies will do better,” said Ely. He focuses on what he calls “disruptive” stocks of companies that offer a “better, cheaper, faster way of doing things.”And Ely appears to have a knack for picking those stocks. Ad-tech group Trade Desk TTD, +0.95% and mobile-payments processor Square SQ, -3.
“We see these coming back. You can’t put off getting your knee done, or your ankle done, or your hip done forever,” he said. Pacira’s products will cut the risk of an opioid addiction, he adds, pointing to data showing 40% of people who end up addicted got there as the result of surgery. That leads him to stocks like ride-hailing group Lyft LYFT, -4.12%, which he said has been getting costs under control and is specifically leveraged to helping consumers return to those activities. Lyft and rival Uber Technologies UBER, -2.41%, which Macquarie owns in larger portfolios, have both “shirked money-losing units, so they’re better prepared to show profits this year,” he said.
Planet Fitness has “a lot of upside and fundamentals should improve significantly as we reopen over the next one month, two months, three months,” he said.
CHALLENGE
Stop avoiding the public. Answers!!! $AMC $GME