What’s MM’s favourite 5 stocks for short term bull run?

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

Ask a question

The Latest Q&A

Question asked 21/10/2022

What’s MM’s favourite 5 stocks for short term bull run?

Hi Guys Thanks again for putting together a great service. You’ve mentioned your expecting a short term bull run leading into Christmas. I was wondering what would be your top 5 picks for shares which may achieve 20-30% during this run? I note each morning you give us your thoughts on several picks and some which you are bullish on and have noted you expect ~20% upside etc. I’m wondering if any of those returns are expected to be generated in the short term bull run leading into Christmas? If so, what would be your top 5 most likely to generate the best growth over the next couple of months? Thanks Kim D

Answer

Hi Kim,

This is a scary question to answer because with potentially high returns comes high risk, on Tuesday I would have included Megaport (MP1) in this list and it’s produced a very sobering experience over the last 48 hours I’m glad we cut this position relatively fast.

The underlying theme is were looking for a recovery in the tech sector but this has proved elusive 3-weeks into October:

This list is likely to change over the ensuing weeks but at this stage, I would go with some of our most recent purchases plus older existing holdings and one we are currently “stalking”: Seek (SEK), REA Group (REA), HUB24 (HUB), Altium (ALU) and James Hardie (JHX).

chart

Seek (SEK)

LAST UPDATED 20/10/2022 15:24

Latest Reports

Weekend report 27/04/2024

Weekend Q&A: Strong inflation crushes hopes of a rate cut in 2024

Afternoon report 26/04/2024

The Match Out: ASX (nearly) gives up week’s gain in tough Friday session

The local market dropped ~100 points on the open, failing to see any reprieve following two weaker sessions out in the US since our close on Wednesday. After dropping back below 7600 the index traded in a reasonably tight 30-point range for the rest of the session, failing to join in on the rally across the region and what’s showing on the US Futures ahead of their Friday session. BHP managed to take 31pts off the market alone today, weakness coming after they lobbed an all scrip bid for Anglo American (AAL LN). Despite the soggy end to the week, the ASX200 finished marginally higher, +8pts / +0.11%.