Tag Archives: investment banking

MWG Focus Stock: Target (TGT)


Written by Senior Portfolio Manager, Michael Hakes, CFA, MBA.

Not Your Average Growth Stock

We recently added Target to the Global Growth portfolio at a 2% weight. The stock has pulled back from its high of $260 in late 2021 and is now trading around $110. Target is not a typical growth company per se as it is a mature retailer in a competitive market. We believe, however, there is the potential for substantial cyclical recovery over the next 12-18 months. As part of our risk control process, we monitor the overall characteristics of the portfolio to ensure it continues to maintain a strong secular growth profile. Read

MWG Focus Stock: UNH

UnitedHealth Group: Let the Healing Begin

Source: United Health
UnitedHealth Group (UNH) is the largest health insurer in the U.S. It has two main business segments, UnitedHealthcare (60% of Revenues), its insurance arm, and Optum (40% of Revenues), the information technology and health services portion of the business. Read

Recession Watch 2019

What are indicators saying?

Recessions are almost impossible to predict. Consider these three headlines:

“US could go into recession this year: Expert”

“There’s more than 60% chance of a global recession within the next 18 months, economist says”

“The bond market’s recession signal may be wrong this time”

The year from each respective headline – In order: April 2015, April 2017 and July 2018. Read

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