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Alger Spectra: NXP Semiconductors (NXPI) has an Attractive Cyclical Tailwind

Alger Spectra: “NXP Semiconductors (NXPI) has an Attractive Cyclical Tailwind” Alger, an investment management firm, published its “Alger Spectra Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. During the first quarter of 2021, the largest portfolio sector weightings were Information Technology and Consumer Discretionary. Class A shares of the Alger Spectra Fund underperformed the Russell 3000 Growth Index during the first quarter of 2021. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021. Alger Spectra Fund, in their Q1 2021 investor letter, mentioned NXP Semiconductors N.V. (NASDAQ: NXPI) and shared their insights on the company. NXP Semiconductors N.V. is a Eindhoven, Netherlands-based semiconductor manufacturing company that currently has a $53.7 billion market capitalization. Since the beginning of the year, NXPI delivered a 22.48% return, extending its 12-month gains to 124.64%. As of April 19, 202

Here s Why Amazon com (AMZN) Landed in Alger Spectra s Top Detractor List

Here’s Why Amazon.com (AMZN) Landed in Alger Spectra’s Top Detractor List Alger, an investment management firm, published its “Alger Spectra Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. During the first quarter of 2021, the largest portfolio sector weightings were Information Technology and Consumer Discretionary. Class A shares of the Alger Spectra Fund underperformed the Russell 3000 Growth Index during the first quarter of 2021. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021. Alger Spectra Fund, in their Q1 2021 investor letter, mentioned Jeffrey Bezos‘ Amazon.com, Inc. (NASDAQ: AMZN) and shared their insights on the company. Amazon.com, Inc. is a Bellevue, Washington-based e-commerce company that currently has a $1.7 trillion market capitalization. Since the beginning of the year, AMZN delivered a 3.53% return, extending its 12-month gains to 40.88%. As of April 19, 2021, the stock closed at

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