Librarian Capital's Monthly Top Buys & Price Moves - October 2021
(Preview) Portfolio Strategy
Summary
Tobacco stocks fell after an ITC order on IQOS, and now offer mid-teens or better returns, though new U.S. tax proposals need to be watched.
Cable stocks corrected after cuts in Q3 outlooks. Charter and Comcast are fine operationally, Altice USA is in a turnaround - all three are cheap.
Verizon has a new Buy rating - it offers a mid-teens annualized return at undemanding expectations; P/E is 11x and Dividend Yield is 4.6%.
Elevator stocks offer mid-teens returns after 10%+ corrections on fears about Chinese property; urbanization makes long-term growth certain.
Other notable price falls in September include Buy-rated Facebook, Estée Lauder and Admiral, and Neutral-rated L'Oréal, Root and Metromile.
Introduction
This is part of a monthly series where we highlight notable share price moves and rating changes in our research coverage. The goal is to identify the most attractive opportunities each month and to provide a track record of our research. Similar content previously formed part…