Kim Bolton Highlights Oshkosh, L3Harris, and SentinelOne as Top Picks

Exploring Kim Bolton's Strategic Picks for a Dynamic Market Landscape

Editorial Team (ET)May 8, 2025

When it comes to technology stocks, few can match the expertise and insight of Kim Bolton, the president and portfolio manager of Black Swan Dexteritas. As we approach the end of July 2024, Bolton's keen eye for promising investments has highlighted three top picks: Oshkosh, L3Harris Technologies, and SentinelOne. Let's delve into why these stocks have captured Bolton's attention and what investors can expect in the coming months.

Market Outlook for Late 2024

One factor investors need to be prepared for as we head into the end of July and the 2024 fall season is the seasonality sentiment. Breaking out the S&P 500 Index’s August/September/October performance over the last ten years shows that while overall returns are negative, there has been a lot of dispersion. In six of the last ten years when the S&P 500 was lower, it declined at least 1.2 percent. Conversely, in three of the four years when the S&P 500 was higher, it gained at least four percent. Whatever you do, buckle up.

While the market searches for the next fundamental catalyst or technical signal, your BSD Global Tech Hedge Fund and Separately Managed Accounts will continue to trim those securities that are achieving their respective intrinsic values, and buy those technology stocks that exhibit longer, more lucrative investment runways. The hedging overlay will always be an important tool to protect your capital in bearish markets, and also an important tool to be “dialled-down” in bullish markets.

Investment Strategy

Bolton's approach with the BSD Global Tech Hedge Fund emphasizes a balance between trimming overvalued securities and investing in technology stocks with significant growth potential. The fund's hedging overlay is a critical component, providing a buffer in bearish markets and the flexibility to adjust in bullish times. This strategy ensures that the portfolio remains robust against market volatility while capitalizing on long-term growth opportunities.

Top Picks Overview

Oshkosh (OSK NYSE)

Founded in 1917, Oshkosh Corporation has over a century of experience in manufacturing specialty vehicles and equipment. It operates through four key segments: access equipment, defense, fire and emergency, and commercial. Oshkosh's diverse portfolio and historical resilience make it a compelling pick in the technology sector.

Oshkosh has consistently demonstrated resilience and innovation over its long history. From its inception, the company has evolved to meet changing market demands, making significant strides in the defense and commercial vehicle sectors.

Oshkosh's strategic initiatives focus on expanding its market share in defense and emergency services while continuing to innovate in access equipment. The company's commitment to sustainability and technological advancements positions it well for future growth.

Oshkosh's diverse product portfolio and robust market presence give it a competitive edge. Its ability to adapt to market trends and invest in R&D ensures it remains a leader in specialty vehicle manufacturing.

L3Harris Technologies (LHX NYSE)

L3Harris Technologies, formed in June 2019 from the merger of L3 Technologies and Harris Corporation, stands as a leading defense technology provider. With headquarters in Melbourne, Florida, and additional facilities across the globe, L3Harris employs approximately 48,000 people, many of whom are engineers and scientists. The company's product range includes tactical radios, avionics, night vision equipment, space and airborne systems, and cyber defense solutions.

L3Harris Technologies boasts a wide array of products, including cutting-edge defense and communication systems. The company's focus on innovation is evident in its extensive R&D investments, which exceed $1 billion annually.

L3Harris maintains a strong financial position, with consistent revenue growth and a robust balance sheet. The company's strategic acquisitions and organic growth initiatives contribute to its financial stability and market leadership.

L3Harris's growth strategies include expanding its presence in the defense and aerospace sectors while leveraging its technological expertise to enter new markets. The company's future outlook is promising, with numerous opportunities for expansion and innovation.

SentinelOne (S NYSE)

SentinelOne Inc. offers a comprehensive cybersecurity platform known as Singularity, which uses artificial intelligence for autonomous threat prevention, detection, and response. The platform's capabilities span endpoint protection, cloud security, identity security, and mobile endpoint security. SentinelOne's innovative solutions cater to various industries, including finance, healthcare, energy, higher education, and manufacturing.

SentinelOne's Singularity platform sets it apart in the cybersecurity industry. By integrating endpoint protection, cloud security, identity security, and mobile endpoint security into a single platform, SentinelOne offers a robust defense against cyber threats.

SentinelOne's rapid revenue growth reflects its strong market position and the increasing demand for advanced cybersecurity solutions. The company's expansion into new markets and industries further bolsters its growth prospects.

In the competitive cybersecurity landscape, SentinelOne's innovative solutions and proactive approach to threat detection and response give it a significant advantage. The company's ability to outpace competitors and capture market share underscores its value proposition.

Conclusion

Kim Bolton’s investment philosophy emphasizes the importance of identifying technology stocks with substantial growth potential and managing risk through strategic hedging. Oshkosh, L3Harris Technologies, and SentinelOne exemplify this approach, offering robust growth prospects and resilience in a volatile market. As we navigate the latter half of 2024, Bolton’s top picks provide valuable insights for investors seeking to capitalize on technology trends.

Bloomberg

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