XRO soared +8.9% yesterday following a solid earnings update from the accounting platform which illustrated good progress as they work towards balancing growth and profitability, interestingly this wasn’t a huge beat/upgrade illustrating the market was nervous that the high valuation business might struggle in today’s uncertain world. Today I have compared XRO to RIO simply because they trade around $100, in Q1 the price differential between the 2 stocks was well over $40 but today it’s under $8 illustrating perfectly the strong outperformance by tech through 2023.
- We are considering trimming our large 5% holding in XRO to fund part of yesterday’s foray into SFR.
MM is considering trimming our XRO position as it hits our initial target area
Add To Hit List
