As 2023 comes to a close, Clough Capital CEO and President Vince Lorusso discusses his top stock picks as we move into the new year.
When discussing the funds he manages, Lorusso says, “There’s really two different areas of investments. I kind of characterize them as stable growth companies, meaning they might be a little bit more defensive if we do have a little bit of a slowdown in the consumer.” Lorusso’s top picks for stable growth include Service Corporation International (SCI), Rollins, Inc. (ROL), and gold miners and utilities sectors.
“In the other part of the portfolio, are these more dynamic growth companies that we think do have more beta potentially and are most exposed to some of the secular and also cyclical enthusiasm we’re seeing around things like AI and EVs.” Lorusso’s top picks for dynamic growth include, Lam Research (LRCX), DraftKings (DKNG), and TransMedics Group (TMDX).
“We think that it’s important for investors to maintain a somewhat diversified portfolio,” Lorusso adds.
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