3 STOCKS I'm BUYING in JANUARY 2021
- Ishfaaq Peerally
- Jan 1, 2021
- 2 min read
💰 In January 2020, I was buying GameStop $GME and this stock was one of my best investments ever enabling me to have 42.2% returns in 2020 vs 16.2% for the S&P 500 $SPX500 .
☎️ The first stock I'm buying in January 2021 is Inphi $IPHI . This is an arbitrage play. Inphi is going to be acquired by Marvell Technology in a stock and cash transaction. Inphi is a semiconductor company making essential semiconductor components in telecommunications and cloud computing.
🏦 The second stock I'm buying in January 2021 is also an arbitrage opportunity and that is Genworth Financial $GNW , one of the 6 Private Mortgage insurance companies (PMI) in the US. With the record low mortgage rate and asset price inflation, demand for housing is increasing and consequently demand for mortgage and mortgage insurance. But I'm mostly buying Genworth because of the deal that may go through with China Oceanwide. Genworth is also a deep value stock trading at about 0.2X its book value and less than FCF.
🏡 The third stock for January 2021 is Essent Group $ESNT .This is another PMI business and in my opinion the best in the industry with the lowest combined ratio, delinquency rates, highest ROE and ROA. There's a premium on the stock but they have started paying dividends and at the rate at which they are growing, it is worth it.
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