Attached are the results of the stocks and ETF published from March to August 2021 on the OTB platform.
There are currently 12 active holdings, of which 6 opened before August. 1 stock still remains “unfilled” as the entry range has not been reached yet.
The current positions reflect a well-diversified portfolio of growth and value stocks with strong recovery potential. We have focused on those stocks that have underperformed the market in recent months and have recently given promising signs of recovery.
In August, they reached their target: Everbrige (#EVBG) + 47.27%, Alcoa Corp. (#AA) + 46.15%, Spotify Tech (#SPOT) +9.69, Citigroup (#C) + 6.00%, Valero Energy ( #VLO) + 5.90%, Global X ETF (#HERO) + 5.12%., Molson Coors. (#TAP) -1.01%, Const. Brands (#BUD) -3.14%, Paysafe Limited (#PSFE) -20.35%.
Everbridge (#EVBG), a leading company in crisis management, had an excellent performance in recent months which allowed to reach our medium-term target. Company estimates of an above-average tornado season turned out to be true: this gave the stock a further boost.
Alcoa Corp. (#AA), the world's eighth largest producer of aluminum, has benefited in recent months from a continuous rise in the price of industrial raw materials along with growing confidence in the reopening of the economy. These two factors allowed the stock to reach our medium-term target
Paysafe Limited (#PSFE), a multinational online payments company, is continuing an excellent business growth process along with numerous acquisitions and partnerships. The market, in our opinion, seems to underestimate Paysafe's growth capabilities especially given the excellent results of Q2 2021. Negative sentiment led the stock to reach out stop loss.
OTB Global Investments
3 September 2021