The Market Matters Flagship Growth Portfolio provides an active approach to investing in ASX listed large cap stocks – Click here to view
The MM Growth Portfolio gained +1.07% last week in-line with the markets advance. We enjoyed strong performances from Appen (APX) +13.1%, Santos (STO) +6.9% and Virgin Money (VUK) +5.6% while stocks with gold exposure weighed on performance Northern Star (NST) -8.7%, Newcrest (NCM) -8.6% and OZ Minerals (OZL) -8.5%. January was a tough month for equities with the ASX 200 Accumulation Index down -6.35% overall with a high to low retracement of more than 11%. Fortunately the Flagship Growth Portfolio performed better, down -4.07%.
Today we have looked at one stock we are considering on the sell side assuming we are correct with our $US call through 2022 but importantly at this point in time after recent portfolio tweaks we are largely happy with existing positions.