Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi guys, just a quick one. Can I have your updated thoughts on Xero please and short term crystal ball predictions. I had been expecting a bounce, but with only bad news around it's looking like I may have caught the falling knife. Thanks
Hi Simon,
Xero has been tough one for MM and many subscribers/Australian investors. The weakness over the last 12-months has been almost entirely down to valuation compression as the “AI Disruption Trade” unwound a number of software stocks – as the chart below illustrates its danced almost in tandem with its main rival Intuit (Quickbooks) during this period of weakness.
The stock looked on track for a decent bounce back towards $90 earlier in the month before inflation inspired concerns, courtesy of the escalation in the US-Iran conflict, caused another leg lower in growth stocks.
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