APX was the ASX200’s top performer yesterday rallying +4.6% but considering the hefty decline from its 2020 high I doubt many shareholders would be too impressed just yet. However for investors not yet committed the risk / return is looking attractive with a bounce by this AI stock towards ~$15 feeling likely, especially if the market commences a traditional Christmas rally which is usually characterised by an almost frantic search for “cheap” stocks for the festive season.
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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 likes APX as an aggressive play ~$11
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