At present, the global economic scenario is beset by many concerns such as runaway inflation, supply chain constraints, rising interest rates and weak demand. Additionally, investors find it difficult to strategically structure their portfolios to secure their profits.
In such a scenario, following an expert through these uncertain times may prove prudent for investors.
To that end, in our Expert Spotlight article today, we bring you some of the best investment ideas from renowned financial blogger David Alton Clark.
An alumnus of the University of Texas at San Antonio, Clark holds a bachelor’s degree in accounting. This TipRanks contributor is a CNBC PRO columnist and a financial blogger with Seeking Alpha. Clark is a former registered securities representative with FINRA and worked as an auditor for a major accounting firm.
Ranking on TipRanks
According to the TipRanks star ranking system, Clark is fifth out of 10,759 bloggers in the TipRanks universe.
Additionally, Clark ranks ninth out of a total of 18,640 experts, including hedge fund managers, Wall Street analysts, corporate insiders, financial bloggers and individual investors, tracked by TipRanks.
Performances and awards
Clark has an impressive 70% success rate. Its average yield per rating is 24.7%.
Although Clark’s hit rate fell slightly in terms of relative performance against the S&P 500 and the benchmark sector to 46% and 48%, respectively, his average return per rating against the S&P 500 and the benchmark sector amounts to 8.4% and 9.6%, respectively.
The financial blogger’s highest rating so far was a buy call on SunEdison Inc. (SUNEQ). Between March 15, 2013 and March 15, 2014, the expert blogger’s buy call generated a massive return of 340.8% on SUNEQ stock.
With that in mind, let’s take a look at two of his recent top picks.
Ford, the Dearborn, MI-based automotive major, has been in business for more than a century. Ford is the fifth largest automaker in the world. It sells automobiles and commercial vehicles under the Ford brand and luxury cars under its Lincoln luxury brand.
Although the stock is down 38% from the 11.4% tumble the NYSE Composite Index has seen so far this year, its latest quarterly results beat the consensus estimate.
Notably, Clark is bullish on Ford. It enjoys a success rate of 76% and an average gain of 16.6% on the title.
Additionally, Clark believes the stock is available at attractive valuations. Overall, 88% of bloggers on TipRanks are optimistic for Ford compared to an industry average of 62%.
Verizon Communications Inc. (NYSE: VZ)
Verizon, based in New York, is a large multinational telecommunications company. Verizon’s 120.9 million subscribers at the end of the fourth quarter of 2020 make it the largest wireless carrier in the United States.
The stock fared better in a volatile economic scenario, with its shares falling 8.1% against the NYSE Composite’s 11.4% decline. Additionally, the company beat earnings and revenue estimates in its latest first-quarter results.
Clark is bullish on the title. It enjoys a 100% success rate and an average profit of 4.4% on VZ.
Clark opines, “Verizon has big growth plans for the future, including expanding its 5G Ultra Wideband network to nearly 113 million people nationwide. Additionally, the company has increased demand for its 5G mobility and nationwide broadband services. »
Overall, 93% of bloggers in the TipRanks universe are bullish on the stock, which is above the industry average of 62%.
Key points to remember
In today’s uncertain times, when capital markets have been decimated and there is bloodshed all around, Clark’s picks in downed sectors like telecommunications and automotive can be taken taken into account by investors.
For more insights on our top expert picks, you can visit the TipRanks Expert Center and make informed investment decisions.
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