Sectors: Technology
Google as its more widely known is our preferred new exposure to US tech into weakness and a quick look after the last few days shows a far more attractive risk / reward picture than last time we looked, we now like GOOGLE at current levels – watch this space for our International Portfolio.
Gaming machine company ALL has corrected well over 20% since November taking its lead from the tech based NASDAQ plus there have been concerns it would enter a bidding war for US listed Playtech however its $5 billion bid is looking good now that rival bidder JKO Play has withdrawn plus ALL’s position has probably strengthened in today’s nervous market…
WSP -1.92%: 2nd quarter trading update for the communications business today, though the stock traded lower in the session. Cash receipts in the 2nd quarter were up 125% YoY, managing to add another 127 customers. The sales did come at a cost with an increased headcount weighing on free cash flow however the growing pipeline of sales are expected to offset the costs, particularly…
Lastly as a US candidate Google is our choice especially as this is the main US tech name we like but don’t own at MM. The current pullback of around 10% has been very controlled illustrating that investors are reticent to sell their stock, it may not be the deepest pullback but remember MM doesn’t believe 2022 is the year to be particularly aggressive buying pullbacks.
Similar to ALU in our Growth Portfolio this morning we have considered one of our top tech positions in the International Portfolio with a similar conclusion. Again we are looking to pare back our exposure to the lofty tech valuations in 2022 but quality / growth companies cannot be ignored in a market where the strong keep delivering and the weak…
One stock we had our eye on last year was the cloud based communications company Whispir (WSP). They essentially provide a SaaS based platform to improve communications within organisations and external to them. While Market Matters does not use WSP for our SMS notifications, we could and no doubt many of you will notice…
MM is looking to reduce our exposure to tech through 2022 with timing and stock selection an important combination. In the short-term we believe the sectors positioned to bounce strongly and even make fresh highs in some cases assisted by comments by the Fed last night and at the very least diminishing upside momentum by bond…
The BNPL space has endured a really tough 2021 with APT down 25% even after enjoying a takeover bid from US peer Square (SQ US), which is actually now called Block following a name change – I wonder home much that dramatic change cost! This week’s seen the payments goliath make fresh lows for the year before rallying over 5% yesterday, the…
Like many investment managers we underestimated the problems Jack Ma would stir up with the Chinese regime and the sledgehammer like reaction from Xi Jinping & Co. although it’s not the first time they’ve crucified stocks / sectors of the market with their policy decisions e.g. education was a classic case in point only a few months ago. At this stage…
When we cast our eyes across the MM tech holdings we could easily have looked at Altium (ALU) and Appen (APX) who both look good albeit with a far more aggressive bias with the later. However moving back to heavyweight XRO, which we’ve held since COVID crossed our screens, the on-line accountancy business remains firm with the only…
