MM has remained long and bullish XRO since April 2020 which has clearly held us in good stead. The company has evolved into one of the world’s leading accountancy software businesses and importantly it enjoys both strong growth and gross margins (around 86% in FY21). The stock is undoubtedly priced for ongoing strong performance but its delivering with annualised monthly revenue over $960m, up 17% in the last financial year – the numbers look great.
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Thursday 28th March – ASX200 +80pts, All Time High, Retail Sales
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Performance for February & 4 stocks we like here and now
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Thursday 28th March – DOW up +477pts, SPI up +60pts
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MM is still bullish XRO initially looking for new all-time highs
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