Sectors: Technology
The audio-visual technology company has been a significant driver of strong performance in the Emerging Companies Portfolio, particularly over 2023, where the stock is up over 70%. FY23 results were well ahead of market expectations which saw the stock re-rate and surge higher in August. More recently, the company raised $70m through a placement and Share Purchase Plan (SPP), which has further strengthened its balance sheet and leaves it well-placed to look at M&A opportunities to add to its already impressive earnings growth trajectory.
Dear MM Team,
Hi Team , would like to get your thoughts regarding TSLA , NIVDA. With TSLA approaching US $200 and NIVDA bounching off $400 with a low of $409 . Are these stocks still on your radar? and are we close to hitting the buy signal ? Cheers Craig
Adverting technology stock TTD has been consolidating its 2023 gains over the last few months, and we believe it’s now poised to make another assault on the $US100 area.
Apple Inc. has corrected over 13% in recent weeks, returning it to an attractive risk/reward buy area. A similar picture exists for Microsoft (MSFT US), Amazon.com (AMZN US), and NVIDIA (NVDA US), while Alphabet (GOOGL US) is leading the rebound, already being within striking distance of fresh 2023 highs.
ALU surged around 35% after the software provider reported strong results in August. Earnings were ahead of expectations for FY23, but more importantly, the composition of their earnings improved, underpinning better guidance – this is one local tech business that should be able to enjoy strong moves by its US peers.
Would MM please provide an update on FSLR, particularly given its share price performance over the last month and half or so.
The green industrial technology company has been struggling over the last few weeks with a largely uninterrupted fall since mid-August. There is no one reason for this ~40% drop – no broker downgrades or company news flow at least, so we have put this down to two reasons:
