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Top Picks 2021: SelectQuote (SLQT)
01/12/2021 5:00 am EST
SelectQuote (SLQT) pioneered the direct-to-consumer model of providing unbiased comparisons from multiple, highly rated insurance companies. This allows consumers to choose the policy and terms that best meet their unique needs, notes Bryan Perry, editor of Quick Income Trader.
Two foundational pillars underpin SelectQuote’s success: a force of more than 1,000 highly trained and skilled agents who provide consultative needs analysis for every consumer, and proprietary technology that sources, scores and directs high-quality sales leads.
The company has three core business lines: SelectQuote Senior, SelectQuote Life and SelectQuote Auto and Home. SelectQuote Senior, the largest and fastest-growing business, serves the needs of a demographic that sees 10,000 people turn 65 each day.
It provides a range of Medicare Advantage and Medicare Supplement plans from 15 leading, nationally recognized carriers, as well as prescription drug plans, dental, vision and hearing plans.
SelectQuote has posted two consecutive quarters that featured better-than-forecast results, increased its revenues by 90.5% in the third quarter to $124 million and set itself for a move back towards its 2020 high of $29. The stock currently trades at $22.25.
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Meanwhile, my top conservative idea from last year was Walt Disney Co. (DIS), which rose 26% in 2020. The stock is enjoying strong tailwinds that support a higher stock price for 2021.
Although the Disney Plus streaming business dominated the headlines in 2020, it's the return of the theme park business in 2021 that will likely be the big news as pent up demand should produce record attendance later this year.
The stock probably has another 10%-15% upside where valuation for the stock would be on the high side where booking some profits might prove timely. Longer-term, the stock is a solid hold.
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