Sectors: Technology
PayPal Holdings, Inc. operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants. The Company offers online payment solutions. PayPal Holdings serves customers worldwide.
EML Payments (EML) provides payment card technology solutions. The Company offers prepaid disbursements and funding card programs for gaming payouts, government disbursements, healthcare reimbursements, and commission payouts. EML Payments serves customers worldwide.
Nuix Pty Ltd operates as atechnology company. The Company offers software platform for indexing, searching, analyzing, and extracting knowledge from unstructured data that includes digital investigation, cybersecurity, e-Discovery, information governance, and email migration and privacy. Nuix serves customers worldwide.
Alibaba Group (BABA US) provides internet infrastructure, electronic commerce, online financial, and internet content services through its subsidiaries.
Australia Day is behind us and schools go back this week, to many it feels like summer is already in the rear view mirror although to be precise the 1st of March is the start of Autumn. Almost one month into 2021 and the ASX has ground out a +3.6% gain with the Banks and large cap Resources leading the line, at MM we’ve called this to be a positive year highlighted by some periods of elevated volatility probably the one ingredient that’s been missing totally absent from stocks in January but never say never, the year is young. Investors shouldn’t get too bullish, over the last decade the average gain for Q1 is only +3.5% and we’re already there.
The CNEW holds 120 growth companies in the likes of IT, healthcare and consumer discretionary sectors hence by definition to a degree you are backing the issuer to select the correct companies. This ASX traded ETF has a market cap of almost $170m and yields close to 1.4% pa……we believe it will outperform the QQQ in 2021 and for that reason we are considering selling our long Nasdaq ETF and re-allocating capital into Asian domiciled growth stocks.
MSFT made fresh all-time highs overnight taking our paper profit to over 40%. The software giant said that second quarter sales rose by 17% which beat even the most optimistic analyst expectation. The move by corporates into the cloud to facilitate more flexible work arrangements the key.
ZM has been on our radar as a sell for a while now, in short, we think we were too late to this party adding it to the portfolio into weakness at the end of 2020. Many simply think ZM was an overnight success thanks to COVID, while the pandemic accelerated their growth significantly, it is a business that’s been around a long time producing high quality hardware and more recently application software for video conferencing.
The “Buy now pay later (BNPL)” space has been a major interest for many subscribers which is understandable considering the sectors major volatility, at this point in time we continue to back our holding in Z1P believing some value catch up is likely over the weeks / months ahead, the maths is simple:
1 – Afterpay Ltd (APT) has a market cap of $41bn compared to Z1P’s at $4bn i.e. 10x larger.
2 – Afterpay (APT) only transacts 2.5x more than Z1P.
