Shares of Amber Road (AMBR) 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 (RYPNX - Get Report) .
"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 financial results after the market closes on Nov. 3.
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.
"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 (AAWW - Get Report) , 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 (AMZN - Get Report) . 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."
"Tristate is a private bank which will benefit from asset growth and potentially higher interest rates ahead," said Hench.