Librarian Capital's Monthly Top Buys And Price Moves - July 2021 (Preview)

Portfolio Strategy

Summary

• Admiral, the #1 U.K. motor insurer, and Swedish Match, a Swedish tobacco company, moved into the top 10 in our Top Buys chart.

• Hargreaves Lansdown is now #3 by forecasted return, likely to see near-term headwinds but should do well over the long term.

• We initiated coverage on Henkel, a German industrial/consumer conglomerate, with a Buy and an expected 13.2% annualized return.

• We initiated a Neutral rating on AT&T, due to structural concerns, and downgraded Pernod Ricard to Neutral, due to valuation.

• The "rotation trade" lost its popularity in June, which meant "expensive" technology stocks in our coverage gained while bank stocks fell.

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 of our monthly fund updates.

You can read the full article here…