A number of major ASX200 stocks hit fresh recent highs on Monday, led by heavyweight real estate favourite Goodman Group (GMG) – as we’ve discussed in the past, this is one particular holding we are bullish over the medium term and are “happy to let it run” – MM is long GMG in our Active Growth Portfolio. This morning, we deliberately looked at five stocks, not in MM portfolios, but it was pleasing to see Xero (XRO) and Sandfire (SFR) both continuing to deliver and joining GMG in the winner’s enclosure – note we already looked at Webjet (WEB) earlier in this mornings report hence didn’t cover again.
- We are bullish on risk assets through 2024; hence, we will generally, but not always, adopt a patient approach to trimming winners.
One of the most common questions we see in Saturday’s Q&A report is whether we should Buy or Sell as stocks rally or fall to fresh, recent highs or lows. Hence, today’s note specifically outlines our thoughts on some of the current market’s top performers.
MM remains long and bullish on GMG
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