XRO managed to eke a 0.8% gain on Monday, taking it up ~8% year-to-date. Conversely, Wisetech (WTC), which has endured some governance issues of late, retreated 2.1%, extending the year’s decline to 18%. Again we are bullish towards both stocks, but at some stage in the coming weeks/months we believe investors will adopt a FOMO attitude towards the underperformers, driving some reversion into Christmas
- We are targeting a test of $200 by XRO into Christmas: MM is long XRO in our Active Growth Portfolio.
MM is bullish towards XRO
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