Stephanie Link Sells Nextera Energy, Buys Veritiv and Intuitive Surgical

Portfolio Adjustments

• 💡 Stephanie Link, CIO at Hightower, detailed recent portfolio moves on CNBC's "Halftime Report."
• ⚡ She sold Nextera Energy due to a preference for higher growth opportunities.

Investment in Veritiv

• 🎯 Link replaced Nextera with Veritiv (VRTV), a company she had never owned before.
• 📈 Veritiv is projected to grow earnings in the mid-20s, outperforming the industry by 300-500 basis points.
• 💰 The company boasts incremental margins of 30-35%, and Link expressed confidence in its management team.

Increased Stake in Intuitive Surgical

• 🚀 A portion of the cash from the Nextera sale was used to buy more Intuitive Surgical (ISRG).
• 🏥 Link views ISRG as a secular grower in healthcare, a sector where such consistent growth is rare.
• ⚠️ Despite being the number one player, ISRG is down approximately 8% from its highs, presenting a potential buying opportunity.
• 📊 Procedural growth for Intuitive Surgical is accelerating, and the company is experiencing 20% growth.