Viewpoint: Bullish

CAR has been in a trading halt after its acquisition of a 49% stake in US Trader Interactive for ~$800m as the business eyes attractive international verticals and scale, the company also has a call option to buy the balance of this business.

XRO tumbled -13% yesterday after the cloud based business and accounting platform provider released its full year result, an 18% increase in revenue while strong was below expectations and the stock was vulnerable being priced for ongoing significant growth.

XRO +12.97%: reported its FY21 results for the 12 months to March today.

XRO has been a stalwart of the MM Growth Portfolio for over 12-months and we remain bullish ultimately targeting fresh all-time highs.

Aerial imaging & location data business NEA has been under pressure this month after legal proceedings were initiated by rival Eagle View with regard to a patent infringement.

Subscribers know we are looking for another ~5% downside for the Australian tech sector, a pocket of our market which has significantly underperformed its global peers through 2021.

Yesterday saw CBA rally over 1% compared to the rest of the Banking Sector which slipped lower, a strong quarterly result proving the positive tonic.

. The stock is currently trading on an estimated 12-months yield of ~5% which is likely to be 75% franked

The cloud communications software business has been on the nose since raising money in March, now trading at a ~30% discount to the price set in the institutional placement.