Sectors: Technology
3Q results were released after the market this morning, beating expectations plus CEO Sundar Pichai’s commentary was very positive. Shares were trading up ~8% after hours.
Hi,
What does the team think of the latest DroneShield (DRO) results released on Friday?
Most investors have heard of AI chip giant Nvidia as the stocks soared higher, but the understandable question we often hear is “Has the horse already bolted?”. The answer is ‘partially’. While they have the 1st player advantage we think the easy money is behind the stock as competition hots up.
Tesla shares surged well over 20% on Thursday night after posting 3rd quarter results that beat expectations, lifting the stock to its best day in more than a decade. Tesla CEO Elon Musk said his “best guess” is that “vehicle growth” will reach 20% to 30% next year.
This cloud-based logistics software business has been a standout performer over recent years, and they have clearly executed well, but the big issue for MM comes to valuation as the Richard White scandal deepens by the day. While some of the personal allegations being made are scathing, there has clearly been a questionable board that may not have fulfilled its duty of applying checks and balances. While it’s understandable that the founder, CEO and major shareholder has significant influence, it seems clear the board has allowed White too much free rein.
Audio-visual technology company AD8 delivered a soft 1Q25 update yesterday, with further downgrades to gross profit guidance reflecting ongoing challenges including softer demand due to slower clearance of inventories from manufacturers. The stock was hit hard in the morning, down 16% at the lows, however, it recovered a lot of the initial plunge to be down ~6% by the close – not a bad effort considering.
The widely held view is that solar and renewables, more generally, will have a tougher time under a Trump administration than they would under Kamala Harris. As the chances of that occurring have firmed, FSLR has been sold off – a logical reaction. Our 6% holding in the International Equities Portfolio is now only up ~8% as the stock pulled back from a recent high of $US300 down to $US200.
Yesterday saw weakness in Wisetech (WTC) drag the local tech sector down ~3%, but it still remains the standout performer of 2024, surging 39% compared to the materials sector, which has fallen 9.4%. Gains have been relatively broad-based, with only Megaport (MP1) and Data#3 Ltd (DTL) & Audinate (AD8) down year-to-date.
San Francisco based family tracking app. Life360 is a great product that many at MM already use. it’s the top-performing ASX200 tech stock, having surged 191% year-to-date. The company’s August result was a cracker on traditional metrics, but it’s the potential that lies beneath the surface that’s sent the stock surging higher.
