Sectors: Technology
i do not own these stocks. which of the following stocks would you consider as a buy based on current prices.
zip, rdy, srg and jlg
NXL is a company with a storied (relatively short) history on the ASX, listing in December of 2020 at an IPO price of $5.31, having raised $400m through Macquarie, and was one of the hottest IPOs of the year. Shares were above $12 by January 2021, but things started to unravel.
Life360 was the biggest loser, falling -6.7% after the family location-sharing tech company announced that CEO Chris Hulls had sold down a portion of his shareholding, adding insult to injury after a disappointing result last week.
Hi James and Team , Firstly I enjoy your daily analysis of the market and the accompanying commentary. Please allow me two questions.
CAT +9.13%: Released 1H25 results this morning that showed a smaller loss than expected on better revenue and strong growth in annualised contract value.
WTC was featured prominently in the recent ASX’s “Billionaires Behaving Badly” chapter, although it has recovered far better than Mineral Resources (MIN). However, yesterday, a law firm filed a class action against the logistics software group, claiming that WTC failed to tell investors that it was falling short of aggressive earnings targets after acquiring poorly performing businesses
360 -7.44%: Some swings and roundabouts in today’s quarterly from the tracking company, with recent share price strength playing into the reaction.
Strong growth in the adoption of a product generally leads to strong earnings growth over time, assuming the product is good and management gets the monetisation strategy right.
We have included accounting platform XRO today to illustrate we don’t just sell stocks when they make fresh highs, in the case of XRO we believe it’s at a very interesting juncture from a monetarisation perspective and can still trade higher.
We have been targeting the $40 area for CAR since we went long in April and we see no reason to change our stance. It’s a solid company, growing nicely, especially through international expansion, but it’s now trading well above its average P/E of the last 5 years. In simple terms, we believe there is a lot of good news already built into its share price around $40.
