HUB was the top performing stock on the ASX200 yesterday, a nice for a change for MM as we remain long and bullish the platform provider which keeps delivering operationally but has been hit by the unceremonious and savage rerating of growth stocks across global equity markets. We are looking for a decent bounce by tech stocks, a move that’s tried and failed a few times in recent weeks, perhaps the comments from the Fed this morning could be the catalyst for such a move which if it proves correct we believe could easily see a quick 20% pop by HUB.
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Thursday 28th March – ASX200 +80pts, All Time High, Retail Sales
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Performance for February & 4 stocks we like here and now
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Thursday 28th March – DOW up +477pts, SPI up +60pts
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MM’s ideal medium-term target for HUB remains around $30
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