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This young stock picker bought Afterpay (ASX:APT) at $20. Here’s which ASX shares she likes now

From the stock picker that landed Afterpay before it boomed, here are some enticing ASX-listed opportunities…
The post This young stock picker bought Afterpay (ASX:APT) at $20. Here’s which ASX shares she likes now appeared first on The Motley Fool Australia. –

There aren’t too many ASX shares that can lay claim to a 10 bagger return in less than 2 years, and there are even fewer fund managers that can say they picked one. However, that’s exactly what Firetrail Investments fund manager, Eleanor Swanson managed to do with Afterpay Ltd (ASX: APT) shares.

The young and passionate stock picker eyed-off the buy now, pay later (BNPL) company despite a wall of pessimism towards the instalment payment provider. However, Swanson made a compelling case that eventually won over her peers, leading to a highly rewarding investment for Firetail and its investors.

After having already landed the pick of a lifetime, Swanson is naming more ASX shares that are looking good right now.

Appealing ASX shares on Swanson’s radar

Channelling that millennial spirit, Eleanor led Firetrail Investments to buy Afterpay when it was around $20. However, the analyst had been keeping tabs on the company prior to it cracking $10. However, Swanson’s ASX stock-picking prowess extends beyond payments.

With a university background in science, the successful analyst is no stranger to ASX healthcare and biotech shares. Majoring in immunology, Swanson is quick to delve into complex medical terminology — exhibiting a deep understanding that comes in handy when evaluating the likes of Aroa Biosurgery Ltd (ASX: ARX). The fund jumped on the soft-tissue regeneration company pre-IPO and still maintains its holding.

Another ASX share that Swanson has had a hand in picking is Beacon Lighting Group Ltd (ASX: BLX). In speaking with The Australian the Firetrail analyst said:

Eighteen months ago, we cottoned on to the fact they were rolling out a trade strategy instead of just focusing on the retail market.

It has been a great performer for the fund. Finding that angle gave us a great point of differentiation to model out the earnings.

In addition, the fund is bullish on outdoor advertising company oOh!Media Ltd (ASX: OML). Despite trading above its pre-COVID levels when accounting for dilution, Swanson believes the market is underestimating how strong the advertising market is going to be next year.

A secret tech play

Having more than proved her abilities, Eleanor Swanson is set to share another ASX tech share at the Sohn Hearts & Minds conference on 3 December 2021. At this stage, the exact company is under wraps, but we know it’s a small-cap Australian company in the tech space.

It is an Australian company which has built a product here and is now taking it offshore and building a global business.

Eleanor Swanson, Firetrail Investments

Investors who tune in will hear Eleanor make the case for this ASX tech share, possibly much like she did for her bet on Afterpay not too long ago.

The post This young stock picker bought Afterpay (ASX:APT) at $20. Here’s which ASX shares she likes now appeared first on The Motley Fool Australia.

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

More reading

A bumper Christmas, Afterpay goes banking, and good news on credit. Scott Phillips on Weekend Sunrise

Beyond BNPL: Here’s how Afterpay (ASX:APT) is also targeting spendings and savings

ASX 200 tech shares in focus as Nasdaq plunges 1.7%

Why Afterpay, Immutep, Pushpay, and Vulcan shares are falling

Afterpay (ASX:APT) share price lifts despite hospitality push creating concerns

Motley Fool contributor Mitchell Lawler owns shares of AFTERPAY T FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. The Motley Fool Australia has recommended oOh!Media Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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