TipRanks’ Top Hedge Fund Managers tool allows users to track the investment portfolios of leading financial professionals, and today we’re highlighting the top three stock picks from Donald R. Jowdy, a leading hedge fund manager at Suncoast Equity Management: Microsoft (NASDAQ:MSFT), Nvidia (NASDAQ:NVDA), and Intuit (NASDAQ:INTU).
Before we go further, let’s learn more about hedge fund manager Donald R. Jowdy.
According to the ranking, Jowdy is ranked 9th among 487 hedge fund managers evaluated by TipRanks. It is worth noting that he has a track record of 256.02% cumulative gains since January 2016 and 28.05% average return over the past 12 months.
Importantly, a hedge fund manager’s portfolio return is best indicated by the Sharpe ratio, which measures the portfolio’s return and risk. A Sharpe ratio greater than 1 means that the portfolio’s return is greater than its risk. Jowdy’s Sharpe ratio is 4.34.
With this backdrop in mind, let’s explore what the Street is saying about Jowdy’s top stock picks.
Is Microsoft a buy, sell or hold?
Microsoft is a multinational technology company known for software products such as the Windows operating system and Azure cloud computing services. MSFT shares make up 9.02% of Jowdy’s portfolio.
The company benefits from a strong presence in the software development market, and its investments in AI and expansion into cloud computing and gaming are likely to continue to support MSFT’s growth.
Overall, MSFT has a Strong Buy consensus rating based on 32 Buys and 1 Hold on TipRanks. Moreover, the average analyst price target for Microsoft shares is $500.55, which could represent an 8.63% upside from current levels. The company’s shares have risen 23% year-to-date.
Should you buy, sell or hold Nvidia?
NVDA manufactures computer graphics processor units (GPUs), chipsets, and related multimedia software. Nvidia shares currently make up 6.08% of Jowdy’s portfolio.
The company’s dominant position in the GPU market is likely to support its growth going forward. Additionally, NVDA’s strong cash position is expected to support the company’s ongoing efforts to lead the AI race through new product launches.
NVIDIA has received 38 buy ratings and 3 hold ratings, giving the stock a consensus rating of “strong buy.” At TipRanks, analysts have an average price target for NVDA shares of $135.81, which represents an upside of 5.87% from current levels. Year-to-date, the company’s shares have risen 159.1%.
Is INTU a good stock to buy now?
INTU is a financial software company that provides solutions for small businesses and individuals to manage their financial affairs. Jowdy’s portfolio allocation in Visa shares is currently 5.77%.
Intuit’s investments in generative AI should support the company’s revenue growth, while its strong financial performance and focus on international expansion should bolster the company’s outlook.
At TipRanks, INTU has a “Strong Buy” consensus rating, which is based on 19 Buy recommendations and 2 Hold recommendations. The average analyst price target for Intuit shares is $733.28, suggesting an upside potential of 11.12%. The company’s shares have gained 5.89% so far in 2024.
Conclusion
The impressive portfolio gains of leading hedge fund managers may inspire investors to adopt their portfolio allocation strategies.For more ideas on Top Expert Picks, investors can visit TipRanks Expert Center to make informed investment decisions.
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