Sectors: Technology
Google has made fresh 2-year lows over recent weeks but we remind ourselves of what we said back in July – “We like GOOGL with the ideal level to increase our exposure sub $US100 assuming we see another wave of bearishness wash through US stocks.” This company like many strong businesses is still at the mercy of the global economy in terms…
This household name keeps delivering even when faced with major headwinds such as economic headwinds in China and Europe leading to lower than expected sales of its new iPhone 14 but even with sales revised lower Apple keeps reporting record quarters as its product mix goes from strength to strength – each time they have an Apple Event its trending news for days as investors/customers consider their next phone, device etc.
TYR +1.68%: the payment software and terminal company upgraded guidance today on the back of a strong start to FY22. EBITDA is now expected in the range of $28-$34m, up around 20% on the previous guidance and over 40% above consensus at the midpoint. The company processed over $10b in transactions in the first quarter, up 59% on the COVID-impacted…
We looked at Appen (APX) in yesterday’s “The Match Out Report” after the digital marketing company broke below $3 for the first time in 5-years, after plunging almost 12% after yet another downgrade. Appen has a very select group of large customers who are cutting back on how they use their services, they have little control over this and it is a clear sign that what APX offers is peripheral rather than core. As Warren Buffet liked to say, it’s only when the tide goes out do we see who is swimming naked!
APX -11.71%: the digital marketing AI company fell below $3/sh for the first time since 2017 today following a downgrade to guidance. Just 6 weeks ago the company was talking to a stronger second half, though revenue was still expected to fall short of FY21 levels. Today, the company said conditions had failed to improve as expected and further uncertainty remains into…
Google has become a household name in Australia just 20 years after it launched with just one employee in a loungeroom, today it has over 2000 employees having comfortably overtaken the early entrant Yahoo. This business has evolved significantly from just being a search engine and we believe both its prospects and valuation are exciting around $US100.
NEXTDC operates nine data centers across Australia, with a further two in development, counting major global companies as their customers including Amazon, Google, Microsoft and Oracle. The demand for data storage continues to soar and is a strong tailwind for NextDC. Energy is a key cost, it takes a lot of power to keep the centers running, and higher costs here…
In similar fashion, REA rallied +3.5% yesterday after opening the session lower, one day’s reversal doesn’t constitute a change in trend but when it dovetails into our roadmap for equities MM gives the advance far more credibility.
MP1 rallied +3.6% yesterday in line with a bounce by tech stocks even as bond yields rallied which suggests to MM that investors believe value has returned to the sector even as interest rates look likely to be higher for longer.
Seek has been our “pet stock” when it comes to picking a market turn and on cue yesterday it made a fresh 2022 low before reversing higher i.e. we believe this stock has now made or is looking for an important low.
