StoneX updates its best ideas list (SPY:NYSEARCA)

StoneX added Axos Financial, Inc. (AX), DoorDash, Inc. (DASH), Ligand Pharmaceuticals Inc. (LGND), Omnicell, Inc. (OMCL), and Rambus Inc. (RMBS) to its flagship stock lineup in its quarterly update published Thursday. The best ideas list features 33 of the firm's StoneX added Axos Financial for its low-teens loan growth, industry-leading profitability, consistent tangible book value compounding, and undervalued shares relative to peers. DoorDash was included due to expected expanding operating leverage and accelerating growth in high-margin advertising and grocery delivery segments. Spotify was dropped in favor of DoorDash's stronger near-term leverage and performance; BioLife due to its pending acquisition; and Surgery Partners over concerns about leverage in a high interest rate environment.

StoneX updates its best ideas list (SPY:NYSEARCA) | Seeking Alpha

Інші новини компанії