Ken Fisher, the founder and chairman of Fisher Asset Management, predicts the bull market will last until 2021. According to him, value stocks are unlikely to take the lead. Fisher Asset Management now holds 22 of the top 25 positions in the industry. The firm recognized a purchasing opportunity in the recent drop in IT stock prices. Ken Fisher’s favorite industries are information technology, banking, communication, and consumer discretionary. During the first quarter, Fisher’s hedge fund took stakes in 84 equities and added 318 others. Fisher Asset Management, on the other hand, liquidated 104 positions and cut interests in 466 equities. Ken Fisher, a billionaire, is a well-known hedge fund manager. In the years ahead, he predicts tech equities will continue to rise. Energy, industrial, and consumer staples stocks have also been added to the firm’s portfolio.
Insider Monkey digs into the top 10 stocks to buy right now according to billionaire Ken Fisher. Due to softening social distancing policies and investors’ trend towards value companies, Salesforce.com, Inc. shares have been in the red since the beginning of this year. Since 2012, Tencent Holdings Limited has been part of Fisher Asset Management’s portfolio. It is Ken Fisher’s tenth-largest stock holding, accounting for 1.90 percent of the whole portfolio’s worth and valued at $2.81 billion. The company, which is based in China, offers value-added services (VAS) and online advertising services. Adobe Inc. is now ranked eighth among the best ten stocks to purchase. Ken Fisher believes Adobe Inc.’s fundamentals will improve in the future. Fisher Asset Management’s long-term stock investment is Taiwan Semiconductor Manufacturing Company Limited. TSM was originally purchased by the firm in 2002, and its stake was reduced by 3% in the first quarter. The corporation made $12.79 billion in revenue in the first quarter, up 24% over the previous year. Ken Fisher’s portfolio’s seventh-largest stock investment is Alibaba Group Holding Limited, a Chinese e-commerce behemoth. Since 2015, Fisher’s hedge fund has held a position in the company. Alibaba is now ranked 6th on the list of the best stocks to purchase right now. For more details, click Top 10 Stocks To Buy Right Now.
