5 Best Performing Stocks from Metadoro Portfolio in 2023

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5 Best Performing Stocks from Metadoro Portfolio in 2023

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Uber Technologies, Inc. (NYSE) UBER Loading USD A well-known firm connecting consumers in many countries with taxi service providers, food delivery and e-commerce applications provided its shareholders with nearly 43% of net profit since June 21, when we supposed Uber Technologies may ignore temporary uncertainties to bounce. As we wrote, Uber still had a lot to do to increase its margins, but the leading position of the company in the segment would allow its business to weather headwinds of the global macroeconomic environment. Many of its smaller rivals may suffer worse than Uber from high borrowing costs so that Uber managed to hold and extend its market share. The stock rose 43% since the recommendation.

Splunk, Inc. (NASDAQ) SPLK Loading USD A software company based in California produces software to monitor and research machine-generated data via its web-style interfaces. Its share price has recovered gradually after losing more than 55% from the peak value. Generating graphs, alerts, dashboards and other kinds of visualizations helps to analyse big data patterns. Its production could also be used for cybersecurity purposes. Splunk won much from digital transformation processes amid several spikes of the AI hype, while also betting on the automation of routine procedures. Splunk was acquired by Cisco for $28 billion in a big deal announced in September 2023, which helped to accelerate the stock's rebound. The stock rose 42.7% since the recommendation.

QUALCOMM Inc. (NASDAQ) QCOM Loading USD QCOM stocks were substantially undervalued in September 2022 and in May 2023. We recommended to pick up the stock in early August. Qualcomm's production is indispensable on the current stage to sales of numerous smartphone line-ups, which are using its Snapdragon family of processors. This year, Apple has extended its chip supply agreement with Qualcomm until 2026, as the iPhone maker is supposed to partially use its own solutions so far. Samsung is planning to continue using Snapdragon chips in 100% of its smartphones that allows Qualcomm to balance risks from a possible Apple withdrawal in the future. Qualcomm's financial reports look solid, the demand for 5G is growing, so that a wide range of Huawei, Xiaomi and Blackberry's smartphones may form the ground for the company's further prosperity. The stock rose 32.7% since the recommendation.

Datadog Inc (NASDAQ) DDOG Loading USD Datadog, a large operator of security platforms for cloud applications, showed successful financial results throughout all the three first quarters of 2023, yet its share price spurred forward only twice, during the AI agiotage in May led by NVIDIA and next time before the very end of the year to join another wave of the broader tech rally. However, those two periods of active buying were enough for the overall bright performance. We forecasted the great upside potential of the stock during the last decade of June, when it still was trading with a more than 50% discount from its previous peaking price of 2021, by declaring that Datadog deserved a place in the long-term investment portfolio. And it probably has more space to climb up even now, after refreshing its two-year highs. The stock rose 30.2% since the recommendation.

Expedia Inc. (NASDAQ) EXPE Loading USD Expedia.com was initially launched in 1996 within the frame of the vast Microsoft Empire. Its mobile application and website is used by millions of customers to book airline tickets, hotel reservations, car rentals, cruise ships, and vacation packages. Expedia Group was the first-ever global sponsor of the UEFA Champions League since 2018, and so the announcement of extending the deal at least until 2024, while Hotels.com probably would not resume its former sponsorship. Since the pandemic season of 2020-21, Expedia was also known as a sponsor of Liverpool F.C. Expedia stock prices fell by more than 50% during the general market correction in 2022, and it was mostly waiting until early November 2023 to rally on better-than-expected profit and sales lines of its Q3 report. The stock rose 38.5% since the recommendation.

Chart from 21.12.2023

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Descrizione

This year was very exciting. The Christmas is coming. Thus, here are some of the most prominent asset performance examples among the stocks, which came under our radars. These stocks would produce a return of 30% to 40% in U.S. Dollars, when counting each result from corresponding dates of the publication of the idea to Wall Street's opening prices on December 20. Our Top-5 2023 includes UBER (+43%), Splunk (+42.7%), Expedia (+38.5%), Qualcomm (+32.7%) and DataDog (+30.2%). They're followed by the next five businesses such as AMD (+28%), Pinterest (+26.7% since early November), Shopify (25.5% since early August), Boeing (22.8% since July 12) and CrowdStrike (22.4% only for a short period since November 22). Other equities like Twilio (+22.3%), Zillow (+20%), CRM (18.5%), Palo Alto (+16%), Delta Air Lines (+14.3%), Foot Locker (+13.7%), Eli Lilly (12.5%), McDonald's (+10.7% since November 1), Visa (9.7%) etc could easily join the extended list of successful forecasts of the year, say nothing about mega cap leaders like Microsoft and Google, or useful recommendations on timely repositioning in NVIDIA and Apple and selling lagging stocks like UPS in August and Oracle in September.

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