Following its sobering 32% fall ALU like much of the IT sector has started to shrug off rising bond yields, a very encouraging short-term signal for the recently unloved growth sector. We are looking for an ongoing bounce which makes sense when we consider fund managers exposure to tech is at its lowest level in 16-years.
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Buy Hold Sell: The best and worst performers of FY25
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Thursday 14th August – ASX +66pts, WBC, TLS, PME
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Thursday 14th August – Dow up +463pts, SPI up +31pts
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MM is looking for 10-20% upside from ALU
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