Launched on 04/26/2017, the Franklin U.S. Large Cap Multifactor Index ETF (FLQL) is a smart beta exchange traded fund offering broad exposure to the Style Box - Large Cap Blend category of the market.
Investors planning to invest in tech stocks could consider Amazon (
NASDAQ:AMZN
), Alphabet Class C (
NASDAQ:GOOG
), and Microsoft (
NASDAQ:MSFT
). These major tech companies constitute the top three holdings in the portfolio of leading hedge fund expert
John Kim of Night Owl Capital Management.
It's noteworthy that TipRanks offers a variety of tools to assist investors in obtaining expert insights for stock selection, including the
Top Hedge Fund Managers. This tool evaluates professionals based on their success rates, average returns, and the impact of their trades. According to the rankings, John Kim is second among 483 hedge fund managers assessed by TipRanks.
Kim's portfolio has demonstrated remarkable performance, gaining 555.84% since June 2013, with an average return of 36.21% in the last 12 months. Moreover, a significant portion of the hedge fund manager's investments are concentrated in the technology sector (34.61%), followed by the Financial sector (22.02%).
Given this context, let’s explore what the Street is saying about AMZN, GOOGL, and MSFT stocks.
What Do Analysts Say About Amazon?
Shares of the e-commerce giant Amazon have already gained about 75% year-to-date. However, analysts maintain a bullish view and see further upside potential from current levels. The
average AMZN stock price target of $175.51 indicates that it has the potential to go up by another 19.63% from current levels over the next 12 months.
Meanwhile, due to the strength of its cloud business and investments in
AI (Artificial Intelligence), Wall Street analysts recommend buying its stock. Remarkably, all analysts providing recommendations on AMZN stock recommend a Buy, translating into a Strong Buy consensus rating.
What is the Price Target for GOOG?
Shares of Alphabet stock have risen quite a lot on a year-to-date basis. The company’s focus on AI, leadership in the search business, and an expected rebound in the ad market keep analysts bullish. With four Buy and one Hold, GOOG stock has a Strong Buy consensus rating.
Further, the
average GOOG stock price target of $152 indicates 8.56% upside potential from current levels.
Is MSFT a Buy, Sell, or Hold?
MSFT stock is trending higher and has
recently hit a 52-week high. Analysts expect Microsoft to continue to benefit from the rapid adoption and deployment of generative AI and digital transformation. It has received 32 Buy and one Hold recommendations for a Strong Buy consensus rating.
Further, the
average MSFT stock price target of $410.03 indicates 8.52% upside potential from current levels.
Bottom Line
Kim's solid track record of consistently delivering impressive returns validates his portfolio allocation strategy, and investors could follow the same to form well-informed investment decisions. Moreover, investors can leverage TipRanks’ other valuable tools, such as
Expert Center and
Smart Score, for long-term investments.
Disclosure
Ahead of OpenAI CEO Sam Altman’s four days in exile, several staff researchers sent the board of directors a letter warning of a powerful artificial intelligence discovery that they said could threaten humanity, two people familiar with the matter told Reuters.
Ahead of OpenAI CEO Sam Altman’s four days in exile, several staff researchers sent the board of directors a letter warning of a powerful artificial intelligence discovery that they said could threaten humanity, two people familiar with the matter told Reuters. The previously unreported letter and AI algorithm was a catalyst that caused the board to oust Altman, the poster child of generative AI, the two sources said. Before his triumphant return late Tuesday, more than 700 employees had threatened to quit and join backer Microsoft in solidarity with their fired leader.
The latest drama to unfold in the closely watched artificial intelligence (AI) space has apparently concluded. In what can be seen as a collective sigh of relief, numerous companies involved in the technology saw price bumps in their stocks Wednesday.
Markets were buoyant ahead of Asia trading and the Thanksgiving holiday in the U.S., with stocks resuming their massive rally this month that has been fueled by hopes of a more benign interest rate backdrop.
Reuters
Checked
11 minutes 36 seconds ago
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