Shares of Amber Road are up almost 90% thus far in 2016, but the cloud-based logistics company could still climb higher, said Bill Hench, portfolio manager for the Royce Opportunity Fund . “Amber Road has a database of global trade information and there is a tremendous value to that which finally investors are recognizing,” said Hench. Amber Road will report its third quarter 2016 financial results after the market closes on November 3rd. The Royce Opportunity Fund is up 13.1% thus far in 2016, according to Morningstar. The $1.3 billion fund has returned an average of 1.6% annually over the past three years, putting it in the 84th percentile of Morningstar’s small value category. Hench is also bullish on Northwest Pipe , up 10% year-to-date, saying the steel tube-maker is a “pure play” on U.S. infrastructure. “One of the few things that Hillary Clinton and Donald Trump agree on is that infrastructure projects are going to be a priority and this is good news for Northwest,” said Hench. Atlas Air Worldwide , up 1.4% year-to-date, is another one of Hench’s top picks. He said the global transportation provider will benefit from its recent alliance with Amazon . Under a long-term commercial agreement, AAWW’s Titan Aviation leasing unit will dry lease 20 B767-300 freighters to Amazon. Its airline subsidiary, Atlas Air, will also operate the aircraft on a crew, maintenance and insurance basis. “Atlas Air has a long history of efficient operations and strong management,” said Hench. “And this Amazon deal is a game-changer.” Finally, Hench is a fan of Pittsburgh-based Tristate Capital Holdings , which has seen its shares rise 18% thus far in 2016, far outperforming the rest of the financial sector. “Tristate is a private bank which will benefit from asset growth and potentially higher interest rates ahead,” said Hench.
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