The current macroeconomic environment has made investment decisions difficult for investors. In such a scenario, the TipRanks expert hub brings you the opinions and trading histories of the world’s top financial experts. In today’s “Expert Spotlight Piece,” we bring you top picks from five-star finance blogger Bert Hochfeld of Seeking Alpha. Hochfeld remains bullish on the tech sector, and his top picks in the sector are Salesforce and Trade Desk.
Hochfeld has had a long career in the technology industry, with stints at major companies such as IBM, Memorex/Telex, Raytheon Data Systems and BMC Software. Notably, in 2001, Hochfeld formed his own independent research advisory group, which has provided research services to major institutions including Fidelity, Columbia Asset, and SAC Capital, among others.
Meanwhile, Hochfeld holds an MBA from the prestigious Harvard University and a degree in economics from the University of Pennsylvania.
How it works Hochfeld Price among other TipRanks experts?
According to the TipRanks Star Ranking System, Bert Hochfeld ranks #3 out of 12,995 bloggers in the TipRanks universe and #5 out of 20,994 total experts, including hedge fund managers, Wall Street analysts, insiders corporate, financial bloggers and individual investors.
Hochfeld’s success rate in stock picking is 76%, while his average yield per rating is an impressive 52.7%.
Average analyst returns relative to the S&P 500 and the benchmark sector are 36.4% and 27.8%, respectively.
As evident from the majority of his recommendations, Hochfeld is a tech bull. Of its picks, 97.7% are buys, 0.5% have a hold rating, and 1.8% have a sell rating.
Notably, according to TipRanks, Hochfeld’s most profitable pick was Block Inc. (SQ) between March 20, 2020 and March 20, 2021, yielding an impressive return of 490.2%.
Now, let’s look at some of his top picks.
Salesforce, Inc. (NYSE: RCMP)
Salesforce, a cloud-based software company based in San Francisco, California, is a leader in the field of customer relationship management. The company focuses on sales, customer service, marketing automation, analytics and application development.
Currently, the company has a market capitalization of $181.56 billion.
Salesforce’s recent first quarter results have been impressive, with revenue and profit beating estimates. While revenue jumped 24% from a year earlier to $7.41 billion, earnings of $0.98 per share beat the consensus estimate of $0.94 per share.
Hochfeld remains optimistic about the title. The blogger believes Salesforce’s diverse product offerings and superior sales execution capabilities are keeping the company well-positioned in an unfavorable economic environment. Additionally, the company’s strong balance sheet and huge backlog provide it with a solid footing.
Meanwhile, the analyst enjoys a hit rate of 67% and an average profit of 11.4% on the stock.
Overall, 81% of bloggers on TipRanks are bullish on Salesforce, compared to the industry average of 65%.
Technology company Trade Desk specializes in real-time programmatic marketing automation technologies, products and services designed to personalize the delivery of digital content to users.
The company’s market cap is $22.99 billion.
Trade Desk’s recent first quarter results were upbeat, with revenue growing 43% year over year to $315 million. Additionally, EPS increased 50% year over year to $0.21.
Hochfeld remains optimistic about the title. He believes the company’s growth prospects look solid with the broader move by advertisers to shift spending to premium connected TV. Additionally, the blogger is optimistic about the company’s financial situation, as its strong free cash flow margins make Trade Desk an attractive bet.
Notably, the analyst enjoys a 100% hit rate and a whopping 162.2% average profit on the stock.
Overall, 89% of bloggers on TipRanks are bullish on Trade Desk, compared to an industry average of 65%.
Financial bloggers navigate the complexities of the financial world and offer a simplistic yet effective view. Given this, the picks of a prominent financial blogger like Bert Hochfeld can be viewed by investors as viable investment choices.
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