These 3 stocks are odds on winners

Keep an eye on other investors’ portfolios for generating new ideas.

| More on:

Melbourne-based OC Funds Management has a solid track record of building portfolios that have outperformed their respective indices. Over the past five years its three funds have each produced impressive results ranging from growth of 24.7% to 27.6% per annum and providing outperformance ranging from 14.4% to 17.8% per annum.

With returns like these it can be well worth keeping a close eye on stocks that OC may have the highest conviction in.

M2 Group Ltd (ASX: MTU) is one of the main second-tier telco companies operating under the brands Commander, iPrimus and Dodo. Like its peers TPG Telecom Ltd (ASX: TPM) and Amcom Telecommunications Limited (ASX: AMM), M2 continues to reap the rewards of competitively priced offerings and the public’s ever increasing demand for data and telco services.

Maca Ltd (ASX: MLD) is a provider of contracting services to the mining industry. Unlike many of its peers, Maca has performed relatively well over the past few years in the face of the resource industry slowdown. Also, unlike many of its peers the company reported higher earnings at its recent half-yearly results and has even declared a special dividend.

Magellan Financial Group Ltd (ASX: MFG) has been a star performer with the fund manager growing its funds under management significantly in just a few years. This has led to a surging share price – up around 100% in the past 12 months. While this could suggest the major gains are now behind Magellan, the potential for the company to manage many more billions of dollars could mean there it still plenty of potential in the stock.

Foolish takeaway

While no investor or fund manager gets every investment decision right, the highest conviction stock picks show where an investor has the highest degree of confidence and these stocks can be interesting to review and do further research on.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

Motley Fool contributor Tim McArthur does not own shares in any of the companies mentioned in this article.

More on ⏸️ Investing