Sectors: Technology
Imdex Limited is a global mining-tech company. The Company develops drilling optimization products and
cloud-connected sensors to provide real-time rock knowledge and quality data. Imdex clients include
drilling contractors and resource companies within the global minerals industry.
Z1P +16.95%: Lead the index’s gainers today with a big jump on some strong quarterly numbers. The digital payments company saw revenue climb 83% on year to $112m as transaction volume hit $1.6b – more than double that of 3Q20.
Yesterday, the largest shareholder of Asia’s largest technology company Tencent was looking to sell 2% of the company reducing it’s stake from 30.9% down to 28.9% raising around US$14 billion in the process.
PolyNovo (PNV) is a biotechnology company. The Company has a portfolio of biodegradeable polymers that have potential for application across numerous medical fields.
Yesterday morning we saw Brisbane go into a snap 3-day lock down as fears the UK strain of COVID was about to explode through the capital of the Sunshine State.
GSX Techedu Inc. (GSX US) provides technological products. The Company develops educational software for after-school tutoring service. GSX Techedu serves customers in China.
Alphabet remains one of the strongest and clearest big tech names to MM, at this stage we are still targeting at least another 10% upside hence we are comfortable staying long in our International Portfolio and by association the QQQ Trust in our Global ETF Portfolio.
Another great example of a stock following through strongly is local tech superstar Xero (XRO) which has now fallen well over 30% for the 3rd time in 3-years, who says markets don’t repeat! At this stage our “Gut Feel” is we’ve already seen the years trading range with 80% of 2021 still to come.
Data#3 (DTL) provides Information Technology solutions to business and government markets in Australia. These solutions integrate equipment and software from leading suppliers with Data#3’s own design, management, installation and support services including procurement, recruitment and application services.
Its not just the ASX200 that’s been tricky to pick of late, the US markets is witnessing significant divergence across its spectrum of stocks. Heavyweight Apple remains over 15% below its all-time high even as the S&P500, Dow & Russell 2000 make fresh all-time highs.
