📊 Higgo's 2024 Top Stock Picks

AND: Stock Spotlight returns!

Author

FinMeUp
January 28, 2024

Hi there, 👋🏽

Big news: Our Stock Spotlight series returns next week! But first, let’s lock in Higgo’s Picks for 2024.

🌟 New Year, New Structure: We’re also excited to introduce a new rhythm to our newsletters:

  • 📅 Sundays: Get ready for the week’s wrap-up with #StockSpotlight, bringing you the latest market recaps and insights (except this week is Higgo’s Top 10)😉.

  • 🤿 Every other Wednesday: Take a #DeepDive with us as we explore key financial topics and bring you into the heart of the conversation.

  • 📈 Monthly: Stay updated with our top stock reviews, market movers, and performance analysis of our basket.

This year, we're all about keeping you informed, engaged, and one step ahead. Let's make 2024 a year of informed investing and financial growth!

Click below to get instant insights

1. Advanced Micro Devices, Inc. (AMD:NASDAQ)

  • AI Theme: Strong involvement in AI developments (Still in the early days, but funding is going towards it).

  • AMD represents a solid choice in the semiconductor sector, alongside companies like ASML and Nvidia.

  • Growth in Gaming and Data Centers: Increasing use in gaming consoles and data centres.

  • Advanced Technology: Continual advancements in chip technology.

2. Santova Ltd (SNV:JSE)

  • Attractive Valuation: PE of 5.60 and a market cap of R999 million.

  • Strong Cash Reserves: R491 million

  • Stock Buybacks: Indicative of confidence in the company's future.

  • Geographic Expansion: Growth opportunities in Asia and the US.

  • Shipping Rates Influence: Positioned to benefit from the shipping industry dynamics.

  • Robust Financial Performance: Consistent financial growth and solid balance sheet.

  • Strategic Acquisitions: Potential for strategic acquisitions to enhance market position.

  • Not expecting massive revenue growth but as a long-term holder of Santova, Higgo’s continues backing them.

3. Caxton and CTP Publishers and Printers (CAT:JSE)

  • Cash: Ample cash reserves. R1.18 Billion & Cash equivalents of R700 million.

  • Dividend Payer: 5.76% yield.

  • Packaging and Paper Industry: Benefiting from the packaging demand.

  • Valuation Metrics: PE of 5.1 and a market cap of R3.75 Billion. NAV of close to R20.

  • Potential benefits from easing inflation.

4. MercadoLibre Inc (MELI:NASDAQ)

  • Consistent Performance: Proven track record of delivering strong results.

  • Management Confidence: Belief in the company's strategic direction.

  • E-commerce and Fintech Growth: Expanding in online retail and financial services in Latin America.

  • Market Leadership: Dominant position in Latin American e-commerce and digital payment markets.

  • Profitability: PE 81, high, but growing.

5. EC10 Bundle (EC10)

  • ETF’s approved

  • Institutional Adoption

  • Halving

  • Retail FOMO

6. On Holding AG (ONON:NYSE)

  • Recent Growth Trends: Revenue, earnings, google trends, outlook.

  • Brand Visibility: More and more people, presence at events like the Olympics.

  • The recent pullback could present a buying opportunity.

  • Innovative Product Line: Known for high-quality, innovative athletic products.

  • Market Expansion: Growing presence in new global markets.

7. 4Sight Holdings Ltd (4SI:JSE)

  • AI Focus: Aligns with the growing AI market.

  • Strong Recent Performance: Solid results and positive outlook.

  • Since their new CEO Tertius Zitzke came in, things started happening. Just feels like he’s the man for the job.

  • Impressive Growth: Over 100% growth in the past year.

  • B2B Focus: Engaged in business-to-business markets.

  • Income Strategy: Aiming for 70% annuity-based income.

  • Valuation and Dividends: Attractive for value investors.

8. Scottish Mortgage Investment Trust PLC (SMT:LON)

  • Diversification: Exposure to high-growth companies not easily accessible otherwise.

  • Interest Rate Outlook: Expected decline in interest rates.

  • Portfolio Holdings: Includes companies like ASML, MecadoLibre, Nvidia, Tesla, Amazon, Ferrari, Tencent, Stripe, Snowflake, GinkGo Bioworks, Spacex, Adyen, databricks.

  • Global Exposure: Investments in a range of international markets.

  • Innovative Investments: Focus on innovative and disruptive companies.

9. Brookfield Corp (BN:NYSE)

  • Unique Investment Opportunities: Access to otherwise inaccessible investments.

  • Diverse Portfolio: In renewable power, infrastructure, private equity, real estate, credit, insurance.

  • Management Credibility: Strong leadership team with potential for value unlocking.

  • Global Reach: Significant global presence in its operations.

  • Sustainable Investing Focus: Emphasis on sustainable and renewable investments.

10. Master Drilling Group Ltd (MDI:JSE)

  • PE 4.53

  • Dividend yield of 6.40%

  • Diversification

  • Commodity rebound

  • International Exposure1

Reach those goals in 2024 💸

What does it mean to make money while you sleep? How do you pay off a student loan? What is good debt? How do I finance my car?
Why don’t you ask Paul this week?

calendly.com/paulroux

FinMeUp is regulated as a juristic representative under ZAQ Wealth. An Authorised Financial Services Provider | FSP No. 51310.

That’s all for this Stock Spotlight, we’ll see you on Wednesday with Paul’s picks and something a little extra.

Onwards and upwards 🚀

Brought to you by Jonté and Paul

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