Top 10 Stock Picks of Jose Fernandez’s Stepstone Group

In this article, we will be taking a look at the top 10 stock picks of Jose Fernandez’s Stepstone Group. To skip our detailed analysis, you can go directly to see Top 5 Stock Picks of Jose Fernandez’s Stepstone Group.

Jose Fernandez previously worked as the managing director of Pacific Corporate Group before co-founding Stepstone Group, where he focuses on Latin America and US based companies. Currently, Stepstone has more than 280 professionals analyzing markets and identifying investment opportunities, while working closely with clients to build optimal asset allocation. Stepstone has more than $570 billion in total capital allocation and $134 billion in assets under management. With a current portfolio of more than $1.34 billion, it is obvious that Jose Fernandez’s Stepstone Group is doing quite well.

We’ve all seen how uncertain the economy has been in 2022, with the stock market being decimated, as inflation reaches record levels. Many stocks which are seen as solid picks, especially in the tech industry, have crashed. These stocks include Tesla, Inc. (NASDAQ:TSLA), Meta Platforms, Inc. (NASDAQ:META), and, Inc. (NASDAQ:AMZN).

Top 10 Stock Picks of Jose Fernandez’s Stepstone Group

Photo by AlphaTradeZone

This is why Stepstone has liquidated its shareholding in multiple stocks which include Coinbase Global, Inc. (NASDAQ:COIN), one of the biggest cryptocurrency exchanges in the world right now. Of course, whatever pain the stock markets are feeling is amplified when you look at the crypto market, which has crashed from the dizzying heights of late 2021. Bitcoin, which peaked at close to $70,000, is currently trading at around $21,000 while many other top traded coins have lost up to 90% of their value.

This is why you won’t see many tech picks such as Tesla, Inc. (NASDAQ:TSLA), Meta Platforms, Inc. (NASDAQ:META) and, Inc. (NASDAQ:AMZN), but instead Stepstone focuses more on low value stocks which have the potential to grow significantly.

Our Methodology

We used Stepstone Group’s Q1 portfolio and picked the top 10 stocks for this analysis.

Top Stock Picks of Jose Fernandez’s Stepstone Group

10. Vacasa, Inc. (NASDAQ:VCSA)

Stepstone’s Stake Value: $24.357 million


Number of Hedge Fund Holders: 20

Vacasa, Inc. (NASDAQ:VCSA) is a vacation rental management company that manages over 35,000 locations in multiple countries including the United States, Canada, Costa Rica, and Belize. Vacasa, Inc. (NASDAQ:VCSA) stock has fallen by more than 30% in June even as lockdown restrictions expired and trading increased.

JMP Securities analyst Nicholas Jones on June 9 initiated coverage of Vacasa, Inc. (NASDAQ:VCSA) with an Outperform rating but lowered the price target to $6.50 from $12.00 as part of a broader research note on Internet & Digital Media.

9. Doma Holdings Inc. (NYSE:DOMA)

Stepstone’s Stake Value: $32.288 million


Number of Hedge Fund Holders: 22

Doma Holdings Inc. (NYSE:DOMA) has seen its share price sink in 2022, with a YTD loss of almost 79%. Doma Holdings Inc. (NYSE:DOMA) is a real estate technology company aiming to revolutionize


Golden Ocean sails to top industrial gainer, energy-related stocks pile up losers’ list

vkyryl/iStock via Getty Images

While shipping and airline stocks made the majority of the top five gainers for the week ending April 14, energy/power-related stocks dominated the decliners’ list.

The SPDR S&P 500 Trust ETF (SPY) -2.45% was in the red for the second week straight. YTD, the ETF is -7.83%. The Industrial Select Sector SPDR (XLI) -0.22% was in the red three weeks in a row. YTD, XLI is -5.55%.

The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +12% each.

Golden Ocean Group (NASDAQ:GOGL) +15.59%. The Bermuda-based shipping company led the to five list, while another shipping peer Star Bulk Carriers (SBLK) was not far behind in gains. Golden Ocean gained the most on April 14 (+9.65%). The Wall Street Analysts’ Rating is Buy with an Average Price Target is $12.25. YTD, the stock has risen +46.67%.

TDCX (TDCX) +14.94%. The company, which provides outsource contact center services, rose the most on April 12 (+10.06%). The Singapore-based vendor for Facebook and Airbnb, listed on the NYSE in October 2021. However, YTD the stock is down -28.09%.

The chart below shows 6-month total return of the top five gainers and SP500TR:

Delta Air Lines (DAL) +14.09% and American Airlines (AAL) +12.09%, came in third and fourth, respectively.

Delta’s Q1 results, which beat analysts’ estimates, showed that pandemic recovery has continued. Total passenger revenue was 75% recovered from the level in Q1 of 2019 on system capacity that was 83% restored.

Meanwhile, Barclays upgraded Delta to Overweight from Equal Weight, while JPMorgan raised its price target on Delta to $69 from $57, following the company’s earnings result.

The travel and leisure sector as a whole also got a boost on April 13 when Delta disclosed that it had the highest bookings ever over a five-week period. Airline ETF JETS rose +5.3%, while airline stocks that broke higher included American Airlines (AAL). Fort Worth, Texas-based American Airlines rose throughout the week, the most on April 13 (+10.62%).

Star Bulk Carriers (SBLK) +12.03%. The Greece-based shipping company was back in the top five after two months. The company has been a star performer for the investors as it was among the top 5 industrial stocks of 2021 (+156.74%).

This week’s top five decliners among industrial stocks (market cap of over $2B) all lost more than -8% each. YTD, all the stock are in the red.

Ameresco (NYSE:AMRC) -24.54%. The company fell the most on April 11 (-12.10%) after it said on April 10 that COVID-19 lockdowns in China may delay battery deliveries. The energy solutions provider, YTD has lost -29.91%.

Generac (GNRC) -15.41%. YTD, the stock of the Waukesha, Wis.-based power generation equipment maker


Top 5 major eCommerce startups in Africa

These are pretty exciting indicators for Africa’s fairly nascent eCommerce ecosystem. Even far more intriguing is the point that the development trajectory is predicted to proceed, due to sure aspects. In accordance to Statista, some of these aspects are:

  • Africa’s tech-savvy younger population
  • Africa’s fast escalating world wide web penetration and
  • The availability of prevalent electronic payment startups that are enabling eCommerce on the continent.

It is, possibly, not very remarkably that the greater part of the major eCommerce businesses in Africa are positioned in some of the continent’s significant economies –South Africa, Nigeria and Kenya. Daniel Junowicz, the Regional VP for Europe, Center East and Africa at Appsflyer, reported this throughout an job interview:

“Mainly, we have observed the advancement arrive in from a few main nations around the world in Africa. We’ve found South Africa growing truly nice, Nigeria and Kenya. These a few international locations are major the way.”

Right here are the best 5 greatest eCommerce in Africa according to Statista

Allow us now take a closer glimpse at the top rated five most significant eCommerce corporations across Africa. Note that the principal metrics utilised for deciding on these leading five eCommerce platforms are mostly their web-site traffic and engagement, as documented by Statista. The report is dated 2021.

  1. Jumia: In accordance to Statista, Jumia obtained the biggest web website traffic in 2021 in comparison to all the other eCommerce system in Africa. The company’s regular visits for the duration of the period beneath critique was noted at 23.3 million.
  2. This South African e-commerce system is the next most frequented eCommerce platform in Africa, with an average regular stop by of 10.5 million.
  3. Konga: This Lagos-based mostly e-commerce platform is the up coming a single on the record. Facts tracked by Statista place the number of month to month web site visits to the Konga site at 2.3 million.
  4. This is yet another South African eCommerce corporation. The system recorded an common of 1.9 million exceptional readers per thirty day period during the interval underneath critique.
  5. Finally on this record is yet one more South African eCommerce platform whose month to month targeted traffic stood at 570, 000, as of 2021.

3 Top Auto Stocks for 2022, According to RBC

We’re about to turn the page on the calendar, put 2021 behind us, and stride into the brave, new year of 2022 – and Wall Street’s prognosticators are busy scanning the stocks to find the winners and losers for next year’s markets. Whether it’s individual stocks, whole industry sectors, or some combination of both, the analysts are finding plenty of Buy-rated equities for investors to consider.

Take the automotive sector. Few industrials will present as many investment opportunities, both in 2022 and going forward; it’s an essential industry, and it’s in the midst of a sea-change as electric and alt-fuel drive technologies are expanding, and gasoline engines are falling out of social favor.

In coverage for RBC, analyst Joseph Spak sees the auto sector primed for a strong rebound post-COVID. He writes, “We believe the multi-year volume recovery backdrop driven by improvement in semiconductor and supply chain availability coupled with low inventories and improving schedule stability provides a solid backdrop for the suppliers.”

Spak acknowledges near-term volatility, of course. Semiconductor chips are still in short supply, and transport bottlenecks are still plaguing the industry, but consumer demand is rising, and credit should remain plentiful even if the Fed does implement a rate increase next year. All of this, in Spak’s view, adds up to a 2H22 weighting for improvements in automotive stocks.

Against this backdrop, the analyst is pounding the table on three auto stocks in particular, noting that each has the potential to deliver strong gains in the year ahead. We ran the names through TipRanks’ database to see what other Wall Street’s analysts have to say about them.

Rivian Automotive (RIVN)

We’ll start in the EV (electric vehicle) segment, with Rivian Automotive. This company, which has been in business since 2009, is working to develop a new platform to make efficient use of both the hardware and software sides of the emerging EV technology. The basic idea is to create a flexible chassis that includes a built-in electric drive system, with fittings for various battery units depending on need, and able to accept modification through body and seating installations.

It’s an ambitious plan. Rivian’s approach will support various vehicle types with a high level of parts interchangeability for ease of manufacture and cost control, while allowing customers to buy a strongly individualized vehicle. So far, Rivian has two vehicle models in prototype production development; their R1T is a light pickup truck, while their R1S is an SUV. Both use the common platform and can drive on- or off-road. The company has received approximately 71,000 pre-orders for the R1 from the US and Canada.

In addition to the two consumer-oriented models, Rivian is working in partnership with Amazon to develop an all-electric delivery van, optimized for urban environments. The initial order from Amazon will total 100,000 vehicles.

Rivian has been successfully raising funds in the past year, including a $2.65 billion funding round in January of this year and a $2.5 billion round in June.


The Top Business Technology Trends for 2021-2022

With the new year just around the corner, the world of business is set to see great change. From 5G and the Internet of Things to the blockchain, new technology trends are creating a digital transformation for companies on a global level. In this article, we’ll take a look at the latest trends in technology to keep an eye out for in 2022 and beyond.

Top Technology Trends for Businesses in 2022

2022 Updates to ISO 27002

In 2022 there will be an update to the ISO 27002 supplementary standard (ISO 27002:2022). ISO 27002 is a reference guide for implementing the optional security controls listed in Annex A of ISO 27001. These controls help companies create an ISMS (information security management system) that complies with the Standard.

Examples of Proposed Changes

  • New controls including data leakage prevention and web filtering.
  • Re-structuring/consolidations/removal of existing controls

While these updates will not have an immediate impact on the ISO 27001:2013 framework, they will provide added context and clarity for those seeking ISO/IEC 27001 certification in 2022, particularly as it relates to modern data security practices such as cloud security.

5G and the Internet of Things (IoT)

The impact of IoT on security in the workplace

Learn more about the security impacts of IoT in our infographic

5G’s future rests on software-defined networking (SDN), whose main concept is to decouple the infrastructure of wireless networks from expensive, closed hardware and shift it to an intelligent software layer running on commodity hardware.

Tom Canning,

The 5G network represents the next generation of mobile communication. Its speed improvements alone are a revolution; 5G will take roughly one millisecond to respond to commands, whereas 4G can take up to 200 milliseconds.

The improved efficiencies offered by the 5G network will benefit businesses that rely on IoT (physical things connected to the internet). Self-driving vehicles, for example, rely heavily on IoT devices to navigate roadways and traffic. Property management and leasing companies are now using IoT devices to build and maintain smarter buildings that utilize connected HVAC infrastructure and automated door locks, thermostats, smoke detectors, and more.

Investing in the 5G network and expanding the use of IoT in business will also help to reduce a company’s carbon footprint. The reputation of a business is now, more than ever, heavily predicated on the practices and technology put in place to help reduce the harm that the operation inflicts on the environment and the climate.

With digital technology systems such as 5G and IoT, businesses can reduce their carbon footprint by up to 15% by 2030, according to an article published by Jens Malmodin and Pernilla Bergmark for the Atlantis Press.

Artificial Intelligence

AI has become integral in our daily lives as smartphones and their various applications, including artificial intelligence software such as Apple’s Siri and Google Assistant. McKinsey estimates that by 2024 AI-generated speech will be behind more than 50% of people’s interactions with computers.

With AI, your smartphone can be used to measure distances and to simulate the way that a piece


Jianpu Technology Wins Top Fintech Innovation Award and Reveals Business Developments in New Categories and Markets

BEIJING, Oct. 29, 2021 /PRNewswire/ — Jianpu Technology Inc. (“Jianpu” or the “Company”)(NYSE: JT), a leading independent open platform for discovery and recommendation of financial products in China, is pleased to announce that it recently won the prestigious 2021 Top 10 Fintech Innovation Award (the “Award”). The Award, bestowed by “The Chinese Banker” recognizes Jianpu’s excellence in enabling the digitization of financial institutions.

As one of the most influential acknowledgements within China’s financial industry, the Award (in its 14th edition) is widely respected by the fintech industry, regulators and financial institutions. Winning the Award alongside banks such as WeBank, Pingan Bank and China Everbright Bank is a validation of Jianpu’s achievements and contributions in financial industry innovation. Jianpu remains committed to innovation-led growth, embracing artificial intelligence, data science, analytics, cloud computing, machine learning and other technologies to explore and seek breakthroughs across financial product categories and geographies.

As China’s largest independent credit card application online platform, the Company has facilitated the cumulative issuance of over 20 million credit cards. In addition to traditional content-driven traffic, the Company leverages social media to promote its platform via an initiative called Social Media and Partner Program (the “Program”). Launched in 2018, the Program has been highly effective in user acquisition and engagement, resulting in approximately two thirds of credit card application volume via this channel. Jianpu will continue to leverage the Program to expand into other financial product categories and new business verticals.

In diversifying the financial products offered on its platform, Jianpu has also entered into the insurance brokerage sector. With the mission and vision of “Making Insurance More Accessible via Technology”, the Company has developed a solution for individual brokers that enables intelligent deal management, insurance product matching and streamlined transaction processes.

Jianpu has also expanded its footprint into Southeast Asia markets by applying and adapting its successful formula and pioneering business models. Winning the trust and support from local regulators and partners, the Company has secured several important permits and registrations in the fintech sector, including financial product aggregator, credit scoring and transaction authentication. Going forward, Jianpu will continue to drive inclusive financial services overseas to benefit more populations around the world.

Mr. David Ye, Co-founder, Chairman and Chief Executive Officer of Jianpu, commented, “As a fintech pioneer, we have placed a high premium on technological innovation in the first decade since our founding. We strive to help financial institutions accelerate their digitalization, enhance accessibility of their products and services, and consequently better serve the real economy. Notably, we have helped small- and medium-sized enterprises to withstand the pandemic by making certain financial services and products more accessible.”

“We appreciate the recognition of ‘The Chinese Banker‘, as well as the industry participants. Down the road, we will continue to innovate in such realms as integrated digital capability, consumer education and protection, financial inclusion and accessibility, so as to better serve our users and financial institutions and fully tap into market opportunities in