At the beginning of the year, value equities outperformed growth stocks. In the second quarter, growth companies gained over 11%, outperforming the 4.7 percent gain in value stocks. With a gain of 11.5 percent, technology companies were among the strongest performers, while the communication services sector increased by 9.2 percent. Fisher Asset Management’s 13F portfolio was valued at $159 billion, and the information technology industry contributed to 26% of that. Apple Inc., Microsoft Corporation, and Amazon.com, Inc. are among the top three holdings of the corporation. Equities, according to Ken Fisher, will perform strongly in the second half of the year before beginning a new cycle. Alibaba Group Holding Limited, Salesforce.com, and PayPal Holdings, Inc. were among the stocks he added to his portfolio.
Insider Monkey digs into the 10 best stocks to buy according to billionaire Ken Fisher based on the billionaire’s Q2 portfolio. Since the turn of the century, Fisher Asset Management has held a long position in Taiwan Semiconductor Manufacturing Company Limited. The chipmaker’s stock has been under pressure this year, but it has a high dividend yield, making it a smart company to own. Since the beginning of the year, Alibaba Group Holding Limited shares have struggled to gain traction. BABA was named 9th on billionaire Ken Fisher’s list of the top ten stocks to purchase. Since the beginning of the year, shares of Alibaba Group Holding Limited have struggled to gain traction. BABA placed 9th on billionaire Ken Fisher’s list of the top ten stocks to purchase. In the last three months, the stock price of Salesforce.com, Inc. has increased by 14 percent. The company’s aim of extending its bitcoin services helped it do well in the second quarter. Ken Fisher, a billionaire, is confident in PayPal Holdings, Inc.’s success. Adobe Inc. has seen a 31 percent increase in the last three months. Fisher Asset Management increased its holdings in Adobe Ine. by 3% to 6.2 million shares or 2.28 percent of the total portfolio. For more details, click 10 Best Stocks To Buy According to Billionaire Ken Fisher.
