Another MM position which has enjoyed a fruitful few weeks is XRO which has recovered strongly after falling well over 30% as global bond yields rallied. The recent swings by the stock illustrates 2 very different points perfectly:
1. How the growth sector will struggle if bond yields kick again.
2. Quality companies present great value if they get caught up in general aggressive sector selling.
XRO has rallied almost 40% from its 2021 low with our target still fresh all-time highs above $160.
MM is bullish XRO looking for fresh all-time highs
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