John Overdeck picks trending stocks as potential market out-performers.
John Overdeck known as the quant king founder of Two Sigma Investments, one of the world’s largest quant funds with a $41 billion AUM is turning to trend stocks for top winners.
“John Overdeck known as the quant king founder of Two Sigma Investments, one of the world’s largest quant funds with a $41 billion AUM is turning to trend stocks for top winners”
John Overdeck picks trending stocks, revealed by NASDAQ news last month
This includes the streaming player Roku, Social media company Facebook and Snap, the company behind the famous photo-sharing app.
John Overdeck picks trending stocks with Roku, the steaming player being the first noted
With Roku’s massive 372% year to year climb it would be hard not to notice the streaming player. Roku has experienced a recent dip, but the bulls still believe that stock can keep climbing higher.
John Overdeck’s two Sigma has initiated a position in ROKU, acquiring 177,100 shares in Q3, 2019, which puts the value of the purchase at approximately more than $18 million.
Roku is the largest aggregator of ad-driven TV and film content. Moreover, Needham analyst Laura Martin is estimating it will report about $850 million of total advertising revenue in 2020.
“We also have confidence that Snap will continue to monetize its core platform while creating incremental pathways to scale revenue and complement the user experience”
“The enormous amount of money at stake (ie, $70B/year vs the tiny amount OTT TV and film ad inventory) and the growing inability of brands to follow viewing behind a growing number of SVOD paywalls makes OTT ad units more valuable, especially the young wealthy viewers who are more likely to view streaming content” – Laura Martin
John Overdeck picks trending stocks with Roku being among his favorite
Perhaps because the streaming player will be the primary beneficiary of new streaming services from Disney+, Apple+, Peacock/CMSCA and HBOMax/AT&T due to the 32 million US connected-TV homes which make up its installed base.
John Overdeck picks trending stocks include Snap Inc
The photo-sharing app has also stolen the limelight with its stock rocketing 171% year-to-date.
John Overdeck’s two Sigma just scooped up a chunk of Snap shares representing approximately a total of 5,528,277 or $87.3 million worth.
Another Snap bull, Guggenheim’s Michael Morris, believes that Snap has what it takes to further monetize its core platform: “We also have confidence that Snap will continue to monetize its core platform while creating incremental pathways to scale revenue and complement the user experience – particularly given untapped revenue opportunities within AR, Maps, and Games.”
John Overdeck picks trending stocks includes Facebook
John Overdeck’s Two Sigma has gone all in.by snapping up 1,306,250 shares of Facebook with a value of over $232.6 million. The latest acquisition of Facebook stock by John Overdeck’s Two Sigma will increase the funds holding by a whopping 711%.
Facebook’s bullish sentiment has been attributed to the social medias sizeable growth of online advertising which was more than 30% in 2019. Many think that Facebook’s growth in the advertising business can be repeated this year.
Morgan Stanley’s Brian Nowak is especially excited about user engagement as it creates a “layer cake of monetization.”
“We remain bullish about the still untapped engagement/use cases to monetize including Instagram Explore, commerce across FB Marketplace and Instagram, product sponsorships, video, and Instagram TV…and messaging,” he said.