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What’s MM’s favourite 5 stocks for short term bull run?

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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What’s MM’s favourite 5 stocks for short term bull run?

Hi Guys Thanks again for putting together a great service. You’ve mentioned your expecting a short term bull run leading into Christmas. I was wondering what would be your top 5 picks for shares which may achieve 20-30% during this run? I note each morning you give us your thoughts on several picks and some which you are bullish on and have noted you expect ~20% upside etc. I’m wondering if any of those returns are expected to be generated in the short term bull run leading into Christmas? If so, what would be your top 5 most likely to generate the best growth over the next couple of months? Thanks Kim D

Answer

Hi Kim,

This is a scary question to answer because with potentially high returns comes high risk, on Tuesday I would have included Megaport (MP1) in this list and it’s produced a very sobering experience over the last 48 hours I’m glad we cut this position relatively fast.

The underlying theme is were looking for a recovery in the tech sector but this has proved elusive 3-weeks into October:

This list is likely to change over the ensuing weeks but at this stage, I would go with some of our most recent purchases plus older existing holdings and one we are currently “stalking”: Seek (SEK), REA Group (REA), HUB24 (HUB), Altium (ALU) and James Hardie (JHX).

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Seek (SEK)
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