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Xero Ltd (XRO) $109.47

XRO is in a different situation to ALU having disappointed the market in November when it last reported. Even if the local tech stocks keep pace with their US peers, we cannot see XRO punching above its 2023 high; hence, we are looking to sell our holding ideally into strength as the NASDAQ registers new all-time highs.

MM is long and bullish XRO short-term
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Xero Ltd (XRO)
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