The online retailer jumped over 10% yesterday after Morgan Stanley initiated the stock with a buy & $14 PT. The stock, along with peers, has been under pressure since the end of January as the market grapples with what the next 12 months hold given the ecommerce names will cycle record COVID assisted growth numbers. MS are of the view that the structural shift to online remains intact, particularly given Australia lags other developed countries in terms of penetration. TPW is also a key pick given they could potentially increase margins and continue to win a disproportionate amount of market share.
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Performance update for March, stocks that drove returns & our current positioning
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Fri 19th April – ASC200 -117pts, Pilbara (PLS), Whitehaven (WHC) & Woodside (WDS)
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Market Matters Research Lead Shawn Hickman with David Koch
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Friday 19th April – DOW up 22pts, SPI down -55pts
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MM remain bullish TPW
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Performance update for March, stocks that drove returns & our current positioning
Recorded Tuesday 9th April
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Fri 19th April – ASC200 -117pts, Pilbara (PLS), Whitehaven (WHC) & Woodside (WDS)
Daily Podcast Direct from the Desk
Video
WATCH
Market Matters Research Lead Shawn Hickman with David Koch
Recorded Monday 25th March
Podcast
LISTEN
Friday 19th April – DOW up 22pts, SPI down -55pts
Daily Podcast Direct from the Desk
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