NWL has been consolidating recent gains over the last 7-weeks, the financial services business has generally benefited from good inflows and overall strong conditions across equity / investment markets – much like HUB. Impressively the fintech business has enjoyed more than an exciting 100% increase in inflows over the last year although we need to be mindful that the stock is priced for ongoing growth, we believe NWL is taking a breather before rallying towards $20 through 2021/22.
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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 is bullish NWL eventually targeting the $20 area
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