5 Best Non Tech Stocks To Buy Now


So which are the 5 best non-tech stocks to buy now according to Insider Monkey? Keep up reading as we have brought three companies from their compilation. Sempra Energy ranks fifth on the compilation with 33 hedge fund holders and a PE ratio of 10.05. Sempra Energy is headquartered in California and it owns Sempra LNG and IEnova, San Diego Gas & Electric (SDG&E), Southern California Gas Company (SoCalGas), Oncor Electric Delivery Company (Oncor). The firm owns total assets of $60 billion. In the last three months of 2020, the company reported adjusted EPS of $1.90, which was more than the Street predicted by $0.33; while its revenue was $3,17 billion. Insider Monkey tracked 33 long positions in the company, 2 funds more than in the previous quarter. Sempra Energy is followed by  Berry Global Group, Inc. on the fourth spot with having 34 hedge fund holders and a PE ratio of 12.28. Berry Global is a Fortune 500 company that is involved in providing packaging solutions, comprising non-woven specialty materials, adhesives, specialty films, plastic packaging,  nonwovens, drink cups, containers and bottles. It has boosted 95% in the past twelve months, and according to Insider Monkey ‘”the company recently priced the private placement of $775 million of additional 1.57% First Priority Senior Secured Notes due January 15, 2026, with an expiry date of March 4.” Eminence Capital is among the largest stakeholders with owning  $367.5 million stake in the company in the end of 2020. There were 43 long positions in Berry in the third quarter, while in the next one it decreased to 34 funds.  DICK’S Sporting Goods, Inc. stands on the second spot with having 42 and a PE ratio of 13.51. The company has seen a rally in the last 12 months, as it increased 360%. According to Insider Monkey’s investigation, there were 41 long hedge funds in the third quarter of 2020, while in the fourth one there were 41 funds. Atreides Management is the largest stakeholder with owning 1.7 million shares, at a value of $92.8 million. Due to the COVID-19 pandemic and its results, the e-commerce has rocketed all over the world. Since consumers wanted to make a good use of self-isolation and other restrictions, they started to increase their spending on sporting articles. Consequently, companies like Dick’s Sporting Goods have been able to rally in their gains. If you are eager to know more useful and interesting information about the best non-tech stocks to buy now, please click and see the original article.

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