The Market Matters International Portfolio is a high conviction direct international equities portfolio that targets well known global brands Click here to view
The portfolio had a solid week up by 0.84% although it was weighed down by BHP Group (BHP), Vale (VALE US) and Brunswick Corp (BC US) who all fell between 7 & 9%. Conversely our tech stocks recovered some recent lost ground with an 8.8% surge by Trade Desk (TTD US) . We have a large degree of flexibility in this portfolio through our 27% cash position, we currently have 4 ideas in our mind for this week:
- Increase out TTD position from 4% to 6% around the current $US560 area as the recent weakness feels significantly overdone.
- Increase our Brunswick (BC US) position under $US95, or another 4% lower – we have flagged this move in previous reports.
- Buy Snowflake (SNOW US), a fairly new tech IPO in the US. We like this $66bn software business at current levels although we will leave some room to average into another foray towards $US20.
- Cut one of our BHP or Vale positions into a strong bounce i.e. not today!
