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.
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