This week saw Macquarie Group (MQG) name Megaport (MP1) as their favourite Australian tech stock, a very contrarian call considering its more than 40% plunge since late 2021. They believe the cloud computing companies marketing strategy will be enough to overcome the downside risks from its pricing model, obviously time will tell but we like the risk / reward into new lows for the year which is definitely not out of the question considering the stocks recent decline.
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Weekly Video Update: James & Harry cover portfolio performance for July, and Income stocks to buy here & now.
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What Matters Today in Markets – Tuesday 16th August
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Ausbiz: James covers the CBA FY22 result this morning on Ausbiz
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Markets @ Midday – Monday 15th August – Bendigo (BEN), Beach Energy (BPT) & JB Hi Fi (JBH)
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MM likes MP1 around $12
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Weekly Video Update: James & Harry cover portfolio performance for July, and Income stocks to buy here & now.
Recorded August 10th August 2022
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What Matters Today in Markets – Tuesday 16th August
Daily Podcast Direct from the Desk
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Recorded Wednesday 10th August @ 9.30am
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Markets @ Midday – Monday 15th August – Bendigo (BEN), Beach Energy (BPT) & JB Hi Fi (JBH)
Daily Podcast Direct from the Desk
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