WTC caught my attention yesterday as it led the line for the tech names rallying over 3% to fresh September highs. The stock looks to have finished an understandable “rest” after exploding higher post its FY21 result in August which showed revenue had increased 18% to well over $500m while guidance was exceptional. While WTC is highly priced, the momentum in earnings has led to momentum in the share price and we can now see another 20% upside into Christmas from this success story of 2021.
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Performance update for March, stocks that drove returns & our current positioning
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Wednesday 24th April – ASX200 +17pts, Silver Lake (SLR), Kogan (KGN) & CPI
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Market Matters Research Lead Shawn Hickman with David Koch
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Wednesday 24th April – DOW +263pts, SPI +27pts
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MM is bullish WTC initially looking for fresh highs
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