Viewpoint: Bullish
Cettire (CTT) retails apparels. The Company offers women’s and men’s clothes, bags, and accessories. Cettire serves customers worldwide.
Electronic software developer ALU has failed to hold onto early 2022 gains which is understandable in todays environment especially with its high valuation, unfortunately technically its starting to look like a stock which has experienced a failed pop to new highs. We like the business but if / when the tech sector does find some love we might consider taking our money around the $40 area.
Blood plasma business CSL has followed the sell-off in growth stocks over recent weeks with the $6.3bn capital raise at $273 in December, to buy Swiss biotech giant Vifor Pharma, now down over 5%. The retail SPP component will be wrapped up by Monday and any further weakness as buyers are satisfied by the corporate activity should present good value medium-term. We have…
Its always nice to get a purchase right and our “buy the dip” move into Google Alphabet (GOOGL US) is looking great after the companies stellar result overnight. After surging over 8% fresh all-time highs look a matter of time for this almost $US2trn business, in line with our general outlook MM will be monitoring for a failed “pop” on the upside…
FMG has rallied over 50% from its panic October / November lows largely following the strong recovery in the iron price, at MM we enjoyed most of the rally through a quick “active play” but there might be more in the pie for some investors. FMG is forecast to pay a$ 1.92 fully franked dividend later this month which is clearly attractive for yield and franking…
As was largely anticipated, Aristocrat failed in its attempt to win a shareholder vote to buy British gambling software company Playtech (PTEC LN) for 2.1bn Pounds – it looks like an Asian consortium has taken the box seat here with a blocking stake. This is not fresh news and it looks like it’s back to the drawing board for ALL which must be frustrating…
MM owns both STO and XOM in our Flagship Growth and International Portfolios respectively and while they’ve both performed strongly over the last 4-months the US based stock is the one kicking the major goals, its rallied more than 16% above its 2021 high while STO struggles 5.7% below its same milestone – that’s also a reasonable reflection of the Energy…
One stock we added to was Dubber (DUB) which was also out with a quarterly update. We caught up with management following the update with some of the key takeaways being:
US stocks experienced a choppy but strong session overnight with the value end of town enjoying most of the gains as the $US gave back more ground. MM is keener to sell rallies as opposed to buying dips this year however we feel strength is more likely to come first hence we are likely to be patient towards the former over the coming weeks / months in what should prove a very exciting year for Active Investors.
MM lightened our BHP position at $46.90 into the recent squeeze as the company unified its UK and Australian stock i.e. its only traded locally now. We still like the stock and wouldn’t be adverse to increasing our holding if we see another 5% downside but as the $US starts to struggle we may be about to enjoy another strong period for the resources stocks.
