Viewpoint: Bullish
I touched on WHC this time last week and the stock has already rallied another 10% taking it back towards its 12-month high however when we consider the coal price has more than doubled over the same timeframe it shouldn’t be a major surprise.
Moving forward we are looking to buy bond yields into further weakness and ideally sell the $A into strength
Shopify Inc. (SHOP US) provides a cloud-based commerce platform. The Company offers a platform for merchants to create an omni-channel experience that helps showcase the merchant’s brand.
Nitro Software (NTO) is a global document productivity software company.The Company offers integrated PDF productivity, eSignature and business intelligence (BI) tools through a horizontal, SaaS and desktop-based software suite.
NSR Halt: the storage REIT spent the day in halt as they look to raise $325m in a non-renounceable entitlement offer. The company is looking to re-organise its balance sheet after a spree of acquisitions with the tone of the presentation suggesting it’s unlikely to slow down just yet
This might be wishful thinking given the complexities of integrating investment platforms however HUB could be a very attractive adjunct acquisition for Netwealth Group (NWL) as it strives to become a major financial player.
This tie up has been touted for some time however it makes total sense in MM’s view, both banks are capped ~$6bn and are in need of major IT upgrades, both in terms of delivering on customer expectations on the technology side plus of course meeting growing regulatory demands.
Both main local BNPL (buy now pay later) players Afterpay (APT) and Zip (Z1P) have halved from their dizzy heights in Q1 of 2021, this re-valuation might see them come under the microscope of US payments goliath Paypal (PYPL US) who has already made inroads into the space with its “Pay in 4” credit platform
Conversely Hong Kong’s stock market has endured its longest losing streak in 10-weeks as it continues to consolidate after experiencing a 12% correction.
US and European stocks experienced a very quiet start to the week as they continue to hover around recent highs, it feels like they need fresh news to embark on a meaningful move in either direction.
