Does MM like currently PMV, LOV &/or SUL?

Hi Debbie,

The Consumer Discretionary space has enjoyed a strong week rallying +4.5% making it the 5th best performing sector out of the 11. Overall, while we like the 3 stocks you highlighted, and own Premier Investments (PMV) in our Emerging Companies Portfolio, we still risk around discreti0onary retail ahead of full year results & the looming mortgage cliff, where fixed rate borrowers on low rates transition to materially higher rates.

• Premier Investments (PMV) $21.12 – our initial upside target is the $22.50 area.
• Lovisa (LOV) $20.16 – our initial upside target is the $22 area.
• Super Retail (SUL) $11.99 – our initial upside target is the $13 area.

For now, we prefer other areas of the market for exposure to the new “disinflation” market outlook for bonds i.e. not higher for longer!

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Premier Investments Ltd (PMV)

LAST UPDATED 14/07/2023 14:43

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Premier Investments Ltd (PMV)

LAST UPDATED 14/07/2023 14:43