Viewpoint: Bullish
MM holds the FUEL ETF in our Global Macro ETF Portfolio, the position is tracking nicely fortunately following the US more closely than our own sector. We can see another 10% upside if / when crude oil pops to fresh multi-year highs.
MM holds XOM in our International Equities Portfolio, the stocks surged higher this month and another 20% upside in the coming months feels on the cards.
Coal producer WHC endured a tough end to 2021 pretty much following the iron ore path as China played big brother yet again. A period of consolidation around $3 wouldn’t surprise and we are considering our exposure into the current bounce i.e. we are more bullish oil than coal.
WPL has a situation component to it at the moment as its takes on BHP’s assets but we feel the stocks cheap around $24 and a 15-20% rally is our preferred scenario.
MM holds STO in our Flagship Growth Portfolio, we remain bullish targeting a test / break of $8 in the coming months as it finally embraces the strength in oil i.e. initially 15% upside.
In Australia we are used to underperformance from our tech names as we lack the likes of Apple (AAPL US), Microsoft (MSFT US) and Google (GOOGL US) but its frustrating to see the same characteristic exhibited by our energy stocks who remain below there highs posted in early 2021 wheras US names have surged higher. This is somewhat…
Following on from our look at the Australian banks on Tuesday and the overnight surge by commodities this morning we’ve moved onto arguably one of our favourite sectors for early 2022 – the Energy Sector. Its nothing new that we like these names into 2022 but as we start a new year it’s important that subscribers are across our thinking…
The $US fell overnight even as the US CPI data sent shorter dated bond yields higher suggesting 4-5 rate hikes are already priced into the greenback hence making surprises far more likely on the downside. The drop in the $US catapulted resources higher with copper surging over 3% to multi-week highs – it feels like our anticipated “pop” higher…
Overnight we saw US stocks finally close slightly higher after a choppy session with tech stocks continuing to enjoy their recovery. Many pundits are calling equities to roll over this year but when we take a look at the market since the GFC the bull market still feels alive and well i.e. MM feels increased volatility feels likely this year but with rate hikes priced into…
As we cast our eyes towards some more defensive names, for the 1st time in a few years, TPG caught our attention yesterday as it rallied almost 5% on a positive note from JP Morgan who upped their PT to $7.45, although the telco has traded with little direction over the last 12-months. TPG includes brands such as TPG, Vodafone and iiNet as it strives…
