Librarian Capital's Monthly Top Buys & Price Moves - April 2022

(Preview) Portfolio Strategy

Summary

• Charter is our #1 ranked stock, and we will see how it competes against Fixed Wireless in 2022. We also like Verizon after its investor day.

• PayPal, Mastercard and Visa are all in our top 10 by forecasted returns, and we believe they deserve to be at their current P/E or higher.

• Meta Platforms has rebounded 5% since February, with some anecdotal good news; it and Alphabet offer strong double-digit returns.

• Estée Lauder shares are down 28% this year and on a 36x P/E, likely due to short-term fears about COVID lockdowns in China.

• Upside in Tobacco is lower after strong performance. Philip Morris is hit by events in Ukraine. Swedish Match offers the highest return.

Introduction

In this monthly newsletter, we try to identify the most attractive opportunities in our research coverage by reviewing key news and price moves by sector.

The forecasted annualized returns of key companies in our coverage, along with their current and assumed exit P/E multiples, are below.

Youn can read the full a…