Thoughts on Xero (XRO) please
Hi James and Team Can I have your current view on Xero - It's reached a YTD high $145.03. You trimmed 1% in July around $140. At what price will you be selling or trimming or are you holding longer term? regards Debbie
The Latest Q&A
Answer
Hi Debbie,
There are a few moving parts here which will impact our decision (s) moving forward, especially considering we run real money portfolios:
- Currently we are holding an elevated 14.5% cash position in our Active Growth Portfolio, where our Xero (XRO) position resides, i.e. we are predominantly in “Buy Mode”.
- We like XRO as we’ve discussed through 2024 and are unlikely to just take profit as the whole market trades on an increasingly high valuation, e.g. NEXTDC (NXT) is another ASX Tech stock we like into weakness.
In short, we will need a stock we significantly prefer over XRO, most likely in the Tech Sector, before we sell our XRO holding, bar any external adverse news.
