Sectors: Technology
SEK -4.55%: a softer macro backdrop and falling volumes have weighed on Seek’s first half and outlook today, with shares falling as much as 13% before staging a recovery.
AAPL is one of the US’s “Magnificent Seven” that hasn’t fired in 2024, with the stock actually lower year to date, having not participated in the US Tech Party. Apple shares fell last week after the company announced first-quarter earnings, which beat estimates on most key metrics, but the growth outlook was more muted than expected.
Acknowledging your views on moving down the risk curve and that REA, CAR and WES have rallied hard of late would these also be stocks you’d be looking to exit if they were in the portfolio?
Hi guys, thank you again for the work put in.
Not really a question, but a penny for your thoughts.
I was reading a month or two ago about the U.S. requiring huge funding and flooding the market with record amount of bonds, in turn, lower prices / higher yields. Do you think that this is still a possibility and do you think the U.S. may be facing an issue where they are fighting to get rates lower than the market is setting?
I know it seems crazy at the moment!
We read an interesting piece of research published by UBS this week following their 2-day VC conference where a bunch of well-regarded firms discuss emerging enterprise technology trends, the companies that these VC firms have invested in and the impacts these trends may have on publicly traded software stocks.
Your market report today briefly talked about NXT in your tech section but said you preferred GMG in this space. I understand that GMG recently announced moving into data storage as part of their overall portfolio. On the other hand, NXT portfolio is data storage. I believe there is a very specific expertise to this sort of structures. NXT measures growth (sales) in megawatts MW, that is energy required for customer needs. Given the exceptional growth in data storage needs, wouldn’t you think having an expert supplier such as NXT would be better to build a stake in this segment?
Apple Inc. is an amazing business which needs no introduction; we hold it in our International Equities Portfolio, where it has performed admirably. We can see Apple “taking a rest” in 2024 after a stellar run post-Covid; we are likely to maintain a core holding in this goliath, which will be tweaked up/down into periods of strength & weakness through the year.
We are less than three weeks into 2024, and it’s evident that today’s market is focusing more on the micro/stock news as opposed to the macro, at least for now. The US NASDAQ registered fresh all-time highs overnight, even as Fed members attempt to rein in the market’s optimism with regard to rate cuts in 2024, i.e. a market that rallies on bad news is a strong market.
Over recent months, we have made no secret of our plans to move from overweight to underweight tech, with XRO a prime candidate to be sold after its disappointing performance this FY.
Dear James and Shawn
