Savvy Managed Money Is Paying Attention to Stocks Aimed a Millennials

Savvy Managed Money Is Paying Attention to Stocks Aimed a Millennials

Savvy Managed Money Is Paying Attention to Stocks Aimed a Millennials

$DIA, $SPY, $QQQ, $VXX

Monday, hedge fund managers, aka Managed Money, at the high-profile 2018 Sohn Investment Conference in New York pitched stock ideas ranging from online food ordering to home-builders that should benefit from the growing influence of the millennial generation.

Millennials, a term for those born between Y’s 1981 and 1996, are expected to become the largest generation in the United States by Y 2019, according to estimates from Pew Research.

John Khoury, founder and managing partner of $2.7-B hedge fund Long Pond Capital, revealed a long position in US home-builder DR Horton Inc, which he said should see a boost as more millennials age into the 1st-time home buyer market.

The country’s largest home-builder has been increasingly focused on its entry-level segment, which it told analysts in January should grow strongly over the next 3 years.

At least 2  investors pitched online food ordering companies.

Alexander Captain, who runs Cat Rock Capital Management, introduced Dutch company Takeaway.com NV while Lin Ran, who runs Half Sky Capital, pitched GrubHub Inc , the parent company of Seamless. GrubHub averages $30/order, and it earns 15% of each order, earning the roughly 15%, while spending growth at restaurants is outpacing spending at grocery stores.

‘Millennials Do Not Cook’

DR Horton (NYSE:DHI) had more than 60% upside, and GrubHub (NYSE:GRUB) could hit $160/share, up nearly 55% from its Monday’s closing price of 102.17.

Monday, the major US stock market indexes finished at: DJIA -14.25 at 24448.69, NAS Comp -17.52 at 7128.60, S&P 500 +0.15 at 2670.29

Volume: Trade on the NYSE came in at 730-M/shares exchanged

  • NAS Comp +3.3% YTD
  • Russell 2000 +1.7% YTD
  • S&P 500 -0.1% YTD
  • DJIA -1.1% YTD

HeffX-LTN’s Market Indexes Technical Analysis

Date Symbol Price Technical Analysis Support Resistance
23 April 2018 QQQ 162.30 Neutral (-0.21) 158.64 163.89
23 April 2018 DIA 244.48 Neutral (-0.22) 238.32 244.76
23 April 2018 SPY 267.02 Neutral (-0.24) 259.11 267.29

Stay tuned…

 

The following two tabs change content below.

Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

You must be logged in to post comments :  
CONNECT WITH