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Xero Ltd (XRO) $121.80

MM remains a big fan of this online cloud-based accounting software company XRO, but after more than doubling from its 2022 low, we are closer to trimming than adding to our 5% position. However, this is a quality company, and we have no plans to sell into weakness; in line with our ”three steps forward, two back” outlook, we may trim into strength, but we are likely to be fussy.

MM remains long and bullish toward XRO
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Xero Ltd (XRO)
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