We touched on the Healthcare Sector earlier and RMD is our pick of the bunch today after its 16% correction over the last 2-months. MM is underweight the Healthcare Sector and we feel RMD would make an excellent fit into our portfolio however as we sit on only 4% cash in our Flagship Growth Portfolio the question is what to sell to fund such a purchase, the holdings that come to mind are:
- Tech holdings – our macro views around interest rates mean we’re less keen on Tech & our position in Zip (Z1P) is the weakest of our holdings, while Altium (ALU) & HUB24 (HUB) would be tempting at higher levels while we could also trim Xero (XRO).
- Crown Resorts (CWN) – the more I contemplate this position the longer I feel it may take to push significantly higher and a small profit may be better than where it has been.
MM is bullish RMD looking for new highs
Add To Hit List
