"Insights from a Hedge-Fund Manager: Flying Taxis and Top Stocks for a Challenging Market"

Charles Lemonides, founder of hedge fund ValueWorks, predicts that stocks will struggle for the next few quarters, but believes that identifying undervalued assets can lead to long-term success. Lemonides highlights small-cap holding Hyster-Yale Materials, chip maker Qualcomm, and banking heavyweight Goldman Sachs as some of his favorite stocks. He also mentions investments in Joby Aviation, a leader in electric air taxis, and a handful of senior debt securities in retail and banking. Lemonides has short positions in companies such as TransDigm, R1RCM, Envestnet, and Mister Car Wash, citing overvaluation and potential tax-law selling pressure.