ABB +7.67: Rallied hard today after it was flagged in this morning’s BUY HOLD SELL on Livewire click here to view although a positive announcement on fibre might have helped a touch! The momentum in both the business and share price here is strong, the market now factoring in acquisitions that would further underpin growth into FY22 and beyond. We like the stock in the medium term, it’s just now run very hard in a short window.
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Reporting season has taken a positive turn – James Gerrish breaks down some of this weeks action.
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Thursday 11th September – Dow off -220pts, SPI off -20pts
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Wednesday 10th September – Dow up +196pts, SPI down -4pts
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MM remains bullish ABB
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