Portfolio
manager
Barbara
Doran
has
revealed
a
number
of
her
favorite
stocks,
reiterating
a
bullish
outlook
on
the
stock
market
more
broadly.
“People
are
reluctant
to
embrace
this
bull
market
after
a
couple
of
years
of
deep
skepticism,”
the
chief
investment
officer
and
senior
portfolio
manager
at
BD8
Capital
Partners
told
CNBC’s
“Street
Signs
Asia”
on
March.
28.
“But
this
is
what
bull
markets
do.
They
make
new
highs.
And
of
course,
given
the
rapidity
and
speed
with
which
we’ve
gone
up,
it’s
normal
to
expect
a
pullback.”
Boeing
One
of
Doran’s
picks
—
Boeing
—
might
come
as
a
surprise.
The
aerospace
giant
has
been
grappling
with
a
slew
of
manufacturing
and
quality
issues.
In
January,
a
panel
blow-out
on
an Alaska
Airlines 737
Max
9
led
to
increased
scrutiny
of
the
company,
and
the
Federal
Aviation
Administration
stepped
up
its
oversight.
Shares
in
Boeing
have
also
taken
a
hit,
sliding
around
13%
over
the
last
12
months
and
falling
28%
year-to-date.
“I’d
stayed
away
from
the
stock
for
a
few
years,
but
then
it
really
seemed
they
were
past
…
the
troubles.
And
really,
the
cash
flow
projections
of
10
million
in
the
[20]25/26
timeframe
seem
very
attractive.
And
then,
of
course,
the
door
blow
off,”
she
said.
However,
Doran
says
she
now
sees
promise
in
the
stock
following
announcements
on
an
impending
change
in
its
senior
management
.
According
to
Factset
data,
of
31
analysts
covering
the
stock,
19
give
it
a
buy
or
overweight
rating.
The
average
price
target
is
$243.60,
giving
it
around
30%
potential
upside.
Nvidia
A
more
popular
name
on
Doran’s
list
of
stocks
to
watch
is
U.S.
chipmaker
Nvidia
.
The
stock has
dominated
headlines
over
the
past
year
and
its
shares
logged
an
astronomical
240%
rise
in
2023.
Its
popularity
shows
little
sign
of
abating,
and
although
the
stock
is
slightly
lower
over
the
past
week,
it
is
still
up
by
more
than
80%
over
the
year
to
date.
It
has
led
some
fund
managers
and
analysts
to
say
the
stock
now
looks
too
expensive,
although
Doran
is
not
concerned.
“Investors
think
it
is
over
given
its
massive
run,”
she
wrote
in
notes
to
CNBC.
“But
quarterly
earnings
a
year
ago
were
$.98
vs
$5.51
estimated
this
quarter,
a
460%
increase.
With
a
price-to-earnings
of
37x
this
year
and
29x
next,
the
stock
is
attractive
vs
its
growth
rate.”
FactSet
data
shows
that
53
analysts
have
a
buy
or
overweight
rating
on
Nvidia,
while
7
give
it
a
hold
rating.
Analysts’
average
price
target
for
the
stock
is
$968.14,
giving
it
around
8%
potential
upside.
Starbucks
Beyond
the
headline-makers,
Doran
is
also
a
fan
of
coffee
chain
Starbucks
.
Calling
it
a
“largely
discounted”
stock
trading
at
22
times
forward
earnings,
the
portfolio
manager
highlighted
its
branding,
pricing,
product
innovation and
cost
savings
of
$3
billion
over
the
next
three
years
as
areas
of
strength.
She
also
sees
the
company
benefitting
from
additional
store
openings.
By
2030,
the
company
plans
to
expand
to
35,000
locations
outside
of
North
America
;
as
of
Oct.
1
last
year,
it
had
roughly
20,200
international
cafes.
These
developments
come
despite
“disappointing”
trends
in
China,
according
to
Doran.
However,
she
said
she
still
sees
promise
as
the
“premium
luxury
brand”
starts
to
open
up
more
stores
in
the
country.
Shares
in
Starbucks
are
down
around
14%
over
the
past
12
months.
FactSet
data
shows
that,
of
the
33
analysts
covering
the
stock,
13
give
it
a
buy
or
overweight
rating.
Analysts’
average
price
target
for
the
stock
is
$106.37,
giving
it
19.9%
potential
upside.
