Market Moves - April 2018

Clients,

Here is a personal update of the markets as I see them during the month of April 2018. The first opportunity I came across was General Electric trading at a severely discounted multiple. With an appealing 3.29% dividend yield, GE has been beaten down too far for too long in my opinion. I look for GE to return to $18-20 a share by the years end, driven by higher oil prices as well as increased cost cuts by CEO John Flannery. This will yield a personal return between 38-53% in a short period of eight months.

Buys:

4/3/18: General Electric (GE) @ $13.01

Funko is a consumer discretionary company which I have kept a keen eye on for some time, and continue to sizably increase my position. Funko licenses focused toys / collectables, and sells in the United States (73% of sales) and international markets. The company has some history as it was founded in 1998 and headquartered in Everett, WA. After digging through their most recent 10-K, I certainly think tailwinds such as content expansion, growth opportunities in Europe and China, along with new categories such as apparel, home and accessories will boost the stock. Talk about brand recognition as well:

(Instagram Followers: 847k)

(Facebook Followers 746k)

Funko serves as an early-stage company that I believe will provide major profits in the long-term as the brand goes global.

Position Increases:

4/17/18: Funko (FNKO) @ $8.11





© 2019 by The Investors Herald.

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