We have discussed data centre operator NXT a few times over recent months as an alternative to both Xero (XRO) and Goodman Group (GMG). Although they are undoubtedly different businesses, they have been positively correlated over the last year, especially with GMG. The market will be looking for growth outside of Sydney later this month, which shouldn’t be too hard to achieve, in our opinion.
- We will consider NXT into weakness before its report on the 23rd of this month.
MM likes NXT into dips
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