Viewpoint: Bullish
There are 2 times a year when investors often consider putting a broom through our portfolios, June makes sense from a tax perspective whereas December is more psychological in nature as investors consider what stocks they do and don’t want to look at next year. As subscribers know we believe bond yields will be the key to stock and sector…
Overnight we saw US stocks back off from their lunchtime highs to finally close down on the day as nerves appeared to set in ahead of a plethora of central bank decisions over the next week. We remain bullish but sellers appear more confident as indices test new highs, on balance I feel like the next 10% could easily be down but there are certainly…
Minerals sands operator ILU is arguably the one that got away for MM in the Resources Sector as we’ve maintained our overweight exposure to these value names, it’s the inevitable hassle / frustration that comes with running real money portfolios! We were considering ILU around $8 for our Flagship Growth Portfolio but we were already fully committed…
The ASX200 rallied 0.35% on Monday which was a reasonable effort considering the Banking Sector closed in the red although heavyweight CBA did manage to finish marginally higher. At both midday and 4pm I felt the market was off and running for its annual Christmas Rally but alas aggressive selling in the futures market after 4pm led…
DUB -0.31%: Has announced an agreement with Optus to become natively integrated across the groups mobile network, opening up one third of the Australian market and an enterprise user base in the hundreds of thousands. For those not familiar, DUB provides designs and develops communication software specifically used in call recording an analysis. This…
AD8 -6.21%: the audio-visual technology business struggled today after announcing a small bolt on acquisition of Belgium based video technology business Silex Insight. The acquisition will cost just $US6.5m upfront with another $US1.5m earn out tied to increased revenues in the business over the twelve months after completion. The deal comes with 8…
CSL -0.35%: The AFR this morning outed CSL as they prepare to make the largest acquisition in the companies history, potentially acquiring Switzerland’s Vifor Pharma in a $10b plus deal. While it’s not yet confirmed, they seem to be making plans for a ~$4bn equity raise to fund it, with Christmas clearly adding some complexity to the mix. CSL has not…
High flying TSLA has corrected over 23% through the last few weeks but we now like the risk / reward for this pioneering business i.e. we are bullish technically targeting fresh highs while last week’s low holds i.e. better than 5:1 risk / reward when buying with the trend is a rare treat.
Last week saw US stocks enjoy their best week since February with the tech based NASDAQ rallying almost 4% positioning it perfectly to post fresh highs in the coming days. The toughest question to answer for us is how will US stocks react after they post fresh highs, most pundits I read are looking for a top hence experience tells me we could witness…
The ASX200 bounced last week but it continues to lag the US which will probably post fresh highs this week, a milestone which still “feels” a long way off for the local market. However over the last decade on a number of occasions I had thought stocks would fail to deliver a “Christmas Rally” only for it to literally come out of nowhere – remember the predominant characteristics of the traditional surge into January is an absence of selling as opposed to aggressive buying.
