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Light & Wonder CDI (LNW)

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    Light & Wonder CDI (LNW)

    Hi Market Matters Team, LNW has come off nearly 10% in the last week. I haven't seen any news in particular for the fall. You have it on your watchlist - when are you likely to buy? regards Debbie

    Answer

    Hi Debbie,

    LNW has fallen and bounced in line with many high beta growth stocks, in the last week. Coming into Friday afternoon it was down ~5% for the week, compared to Goodman Group (GMG) -4%, HUB24 (HUB) -5.6%, REA Group (REA) -4.6%, Xero (XRO) -3%, and WiseTech (WTC) -8.2%.

    We still have LNW on our Emerging Companies Hitlist and will ideally consider the stock back under $130 which is very realistic in today’s choppy market. We have a fairly high cash position in the portfolio of ~13% and do anticipate increasing risk through September/October with LNW one stock under consideration.

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    Light & Wonder CDI (LNW)
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