Viewpoint: Bullish
The ASX200 has experienced an extremely volatile start to 2022 having already traded in a 3.7% range as banks and resources fared well while tech stocks were clobbered, we believe investors should be prepared for more of the same from a performance perspective and if we are correct the recovery trade will regain some momentum as Omicron fades away, just as it has in South Africa – fingers crossed!
Yesterday saw the ASX200 illustrate yet again that COVID was “old news” with regards to financial markets as it rallied 0.3%, to its highest close in 2-weeks even as new case numbers spiralled – as most people know NSW and Victoria are tightening restrictions from Christmas Eve as the Omicron strain sets new records. The local markets…
No change towards European equities, we continue to like the EUROSTOXX 50 around the 3900 area while we would be looking to reduce exposure above 4500 – basically nothings changed for 6-months as the regions stocks have continued to trade in a tight range, just like our own.
Overnight we saw US stocks continue this weeks advance back towards their all-time high, now less than 1.5% away. We still feel valuation fears are likely to cap the upside into 2022 but new highs feel just a matter of time.
The ASX200 closed higher yesterday in subdued trading and with only 2-days remaining until Christmas Day it’s hard to imagine anything new after stocks have traded sideways for 6-months – we may have received a plethora of economic and humanitarian news since May but equities simply haven’t moved. Wednesday only saw 56% of the…
ABB +3.28%: A stock we like and own in our Emerging Companies Portfolio released a connections update for 2Q-22 today and there were a few swings and roundabouts, although positive overall. Importantly, connections organically are ahead of expectations whilst the bulk-transfer which is a white labelled offering for Origin was behind schedule…
While we are bullish the underlying dynamics of the Uranium sector, the stocks within it are very volatile and PDN is no exception. We would be ‘playing’ PDN for the foreseeable future using the following ranges:
At no time in history has there been such focus on our carbon footprint, and rightly so. Calix is an innovative business that is at the cutting edge of developing environmentally friendly, industrial solutions that in essence allow for more environmentally friendly production of important things like cement. With the recent pullback in high…
This is the most recent portfolio addition following a near 30% pullback in the share price after the departure of the long standing CEO Darryl Abotomey, sooner and under a larger cloud than what had been originally planned. That presents an opportunity in MM’s view to pick up a quality stock hit by an announcement that may actually prove to be…
Bank of QLD (BOQ) provided a trading update at their AGM at the start of this month confirming strong growth in Q1 of this financial year. While they are grappling with some margin pressure, which is the case right across the sector, reconfirmation of guidance plus a fully franked yield above 5% remains attractive for income focussed investors.
