Viewpoint: Bullish
RHP +7.56%: The software licencing business jumped today after increasing guidance higher following a reasonable 3rd quarter. Now with what is usually the weakest quarter behind them, sales are up 15% for the 9 months to March vs the same period in FY20
Pershing Square Holdings (PSHZF US) is a closed-ended hedge fund vehicle incorporated in Guernsey. The Fund’s objective is to preserve capital and to seek maximum, long-term capital appreciation commensurate with reasonable risk. The Fund seeks to achieve its investment objective through long and short positions in equity or debt securities of public U.S. and non-U.S. issuers.
Snowflake (SNOW US) provides software solutions. The Company develops database architecture, data warehouses, query optimization, and parallelization solutions.
LLC is a slightly different business to most in the real estate sector being a global property and infrastructure company which has been struggling over recent years under the weight of its engineering division which has now been jettisoned.
GOZ was the sectors 3rd best performer yesterday gaining +2.5%, this real estate investment trust focuses on industrial and office properties within its over $4bn portfolio.
URW was the markets best performing real estate stock yesterday rallying almost 4% in what was a very strong day for most of its peers.
The Aussie Dollar actually closed higher yesterday even after the inflation data appeared to put rate hikes on ice but the appreciation was more about the $US making fresh 9-week lows than the local story.
QBE also caught my eye yesterday as it made fresh highs for the week after rejecting the $9 area.
ANN rallied almost 4% yesterday following a trading update which included an upgrade to guidance, estimates are now for almost 25% growth in sales compared to last year.
CTD continues to reward our patience after breaking to fresh 9-week lows yesterday with the COVID news out of India / Japan weighing on the travel & tourism stocks.
