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


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 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…


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