Viewpoint: Bullish
Tesla (TSLA US) designs, manufacturers and sells high-performance electronic vehicles and components.
Shriro Holdings (SHM) provides kitchen appliances and consumer products. The Company offers kitchen appliances such as ovens, cooktops, rangehoods, microwaves, dishwashers, ironing systems, laundry tubes, waste disposal, and ducting solutions. Shriro Holdings also serves consumer products such as watches, calculators, electronic musical instruments, projectors, and cameras.
Pointerra (3DP) operates as a software development company. The Company builds Data as a Service (DaaS) solution for managing, distributing, and visualizing massive point cloud data sets. Pointerra allows users to view their data from cloud-based servers instantly, as well as share their
point cloud data with staff, customers, and partners.
Starpharma (SPL) is biotechnology company involved in the research, development, and commercialization of dendrimer-based for pharmaceutical, life sciences, and other applications. The
Company’s lead product in development is VivaGel, a microbicide gel for women for the prevention and treatment of bacterial vaginosis and a range of sexually transmitted diseases.
Perth based nickel, copper and gold producer IGO is perfectly positioned for the electric car (EV) evolution plus they recently entered the lithium space. We like this companies long-term strategy and short term profitability, a definite switch candidate for MM.
BSL also delivered some strong numbers this month which led to profit upgrades and the picture is now very similar to both MIN & FMG i.e. we expect fresh 2021 highs in the weeks ahead but the risk / reward precludes chasing current strength.
FMG has become an awesome yield stock over recent years and this week’s half-year result did nothing to taint the trend, assisted obviously by a clear tailwind from the rally in iron ore prices.
This iron ore / lithium miner delivered an excellent half-year result earlier this month which as helped propel the stock back towards its 2021 highs.
OZ Minerals (OZL) is our most recent purchase in the space and we’re already showing a profit of 14%, we see no reason to sell OZL at this stage but since we switched from Sourth32 (S32) the later has only rallied 4% illustrating the power of correct switching within a sector in today’s active market.
Base metals have broken out to fresh 5-year highs which dovetails with our reflation outlook and while a “rest” now feels like a strong possibility we are very cognisant that the trends bullish and surprises happen with the trend.
