The weather has been unusually kind to ELD in 2021 with plenty of rain around, this combined with surging cattle prices and record crop yields has been good news for the agricultural sector. At MM we like the outlook for its various sectors but above $12 the upside feels limited however a meaningful pullback if stocks take a seasonal dip would bring ELD back onto our radar.
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Performance update for March, stocks that drove returns & our current positioning
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Wednesday 24th April – ASX200 +17pts, Silver Lake (SLR), Kogan (KGN) & CPI
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Market Matters Research Lead Shawn Hickman with David Koch
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Wednesday 24th April – DOW +263pts, SPI +27pts
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MM likes ELD around $10
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