Viewpoint: Bullish
Yesterday MM switched our position in FMG across to GMG, we realised a more than 20% profit in less than 2-months and importantly have migrated our portfolio slightly towards a more defensive stance i.e. part of the 2022 plan. It’s important to note we have not turned bearish FMG but its achieved our profit target, we remain overweight resources…
The ASX200 sprang back to life on Wednesday finally closing up 0.7% as the Energy Sector led almost 70% of the market higher, we’re almost half way through January and the main Australian index is down just 5-points year-to-date as the lack of direction over the last 6-months continues unabated. The tech names finally took some notice…
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…
US stocks enjoyed a strong rally overnight as “buy the dip” remained your friend and risk came back into vogue after a number of uncertain sessions, comments out of the Fed basically calmed inflation fears. The tech stocks look ok technically and new highs feel back on the agenda over the coming weeks / months but we continue to believe it’s the time to start selling strength.
There’s nothing like a good bounce to see people start talking about a stock or sector, today its iron ore and especially BHP & RIO who are due to pay very large fully franked dividends in early March. The capital returns delivered in March and September by BHP could be close to $8 fully franked made up almost equally between ordinary dividends…
The UK based active fund manager still appears fairly cheap even after surging post COVID, the recent more than 16% correction following the CEO’s sale of around $22m worth of stock in December feels like an opportunity. While its never good news to see “insiders” selling its understandable to lighten your exposure after the stocks tripled, we often…
Tuesday saw the Australian market slip -0.8% on broad selling with 70% of the index closing in negative territory but come 4pm we remained around 7400, just as we did when MM delivered its previous Portfolio Positioning Report back on the 22nd December. After the NASDAQ’s excellent recovery on Monday night we thought the Australian…
The UK banking sector, like the US, is posting fresh highs giving us confidence to hold our VUK position which technically looks capable of challenging $4, but it does feel like fresh news will be required for this to unfold.
The BOQ was sold off pretty hard in October following the release of its FY21 result which MM felt was overdone and we went long a touch prematurely unfortunately. We remain positive the regional bank which enjoys a forecasted 5.2% fully franked yield over the next 12-months.
ANZ has been consolidating its strong 2021 gains pretty much in-line with the ASX, we believe the time is approaching fast for a breakout on the upside after the stocks manged to weather a deluge of macro and sentiment concerns.
