Investing

Large-Cap Core Fund Managers Aggressively Buying Sector Leaders

Comcast

This broadcasting-related stock also could have solid upside potential for the rest of 2018. Comcast Corp. (NASDAQ: CMCSA) is the largest U.S. provider of cable services, with over 22 million basic subscribers. It owns NBCU, which includes the NBC TV Networks, Telemundo, MSNBC, USA, Syfy, Bravo, E!, CNBC and several other cable networks, as well as Universal Films and Universal Theme Parks.

Comcast has invested in technology to build an advanced network that delivers among the fastest broadband speeds and brings customers personalized video, communications and home management offerings. Also, with the midterm election cycle starting up soon, this company stands to benefit big time.

A reported 69.6% of the fund managers own shares of Comcast.

Investors in this cable and entertainment giant receive a 2.22% dividend. The consensus price target of $46.95 compares with a recent share price of $34.10 and the 52-week trading range of $32.74 to $44.00.

JPMorgan

This stock trades at a very reasonable 12.1 times estimated 2019 earnings and could respond well in a rising rate scenario. JPMorgan Chase & Co. (NYSE: JPM) is one of the leading global financial services firms, and one of the largest banking institutions in the United States, with about $2.6 trillion in assets.

The company as it is today formed through the merger of retail bank Chase Manhattan and investment bank JPMorgan. The firm now has many operating divisions, including investment and corporate banking, asset management, retail financial services, commercial banking, credit cards and financial transaction services.

First-quarter results were very solid, and 67.8% of the fund managers in the Jefferies survey own shares of the banking colossus.

JPMorgan investors are paid a 2.03% dividend. The Wall Street consensus price target is $122, and shares were last seen trading at $111.00. The 52-week trading range is $81.64 to $119.33.

Alphabet

The search giant continues to expand and is even working on a driverless car now. Alphabet Inc. (NASDAQ: GOOGL) is a global technology company focused on key areas, such as search, advertising, operating systems and platforms, enterprise and hardware products. It generates revenue primarily by delivering online advertising and by selling apps and contents on Google Play, as well as hardware products. The company provides its products and services in more than 100 languages and in 190 countries, regions and territories.

Alphabet offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome and Google Play, as well as technical infrastructure and newer efforts, such as virtual reality.

Some 63.4% of the managers said they own the stock, which has rolled over some since the most recently reported earnings.

The shares have changed hands between $885.15 and $1,198.00 in the past year. The stock was trading at $1,024.00 a share, and the consensus price target estimate is $1,275.12.

While these top holdings probably should come as no surprise. They make sense as they are huge, dominate much of their specific business lines, are very liquid and look to continue to maintain their growth trajectory for the foreseeable future.

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