Viewpoint: Bullish
MM went long HUB earlier this month almost 10% below yesterdays close but we have no intention of grabbing a quick profit from this position.
MP1 +9.74%: In a morning report around 10 days ago we discussed MP1 saying the following….The current issue is that there hasn’t been a big COVID bump as many other technology companies have enjoyed so growth is okay, but it hasn’t shot the lights out.
Arguably Australia’s most disliked business due to its ongoing customer service issues however the stock after years of underperformance has presented investors with some value in 2021.
ALX looks and feels very similar to TCL which is no surprise considering the overlap in their business models.
TCL has been trading around current levels for the last year while providing shareholders with an ok 2.2% unfranked yield.
Silver continued its recent advance overnight gaining over 2% making 7-week highs in the process, approximately 10% above its February swing low.
MM was caught out by WHC’s poor update last week but after exerting some patience we like the risk / reward below $1.40, we believe that a correction of ~27% is overdone even after another disappointing report, it’s basically factoring in the worst case scenarios plus some.
A leading provider of electricity, natural gas, LPG and solar power, Origin Energy is committed to making energy more sustainable, affordable, intelligent and simplified. To that end, Origin manages an ever-expanding portfolio of domestic and global portfolios across wind, solar and storage technologies. The company explores potential new natural gas reserves, which it then plans to develop as an energy source for the future. Currently, Origin creates electricity from a range of sources including coal and natural gas as well as the wind and sun.
Investment company BX operates in a number of different areas from real estate to private equity and rescue financing – they have been in the local press of late after making a tilt at Crown (CWN).
Walt Disney needs no introductions, its largest businesses remains its parks but the growth is coming from its streaming services as the smorgasbord available to the consumer grows almost weekly.
