Viewpoint: Bullish
Telstra (TLS) +2.52%:A good update from the Telco today with pretty much everything inline with expectations including the 8cps dividend for the half, however one thing stood out and is the reason why the stock rallied.
Megaport (MP1) +7.33%: A good 1H update from MP1 today with all key growth metrics heading in the right direction. Revenue was up 39% yoy with monthly reoccurring revenue up by 11% on the half. Customer numbers +11% and ports which is key +16%.
Z1P Co (Z1P) +12.16%: Traded to a new all-time high today and there was some big volume going through the stock – momentum is clearly very strong here. Seems there might be some yanks getting in ahead of a potential dual listing!
Praemium Limited provides online portfolio administration services in Australia. The Company has also developed technology for the operation and maintenance of separately managed accounts.
We remain basically fully invested in our MM International Portfolio with a cash position of just 6%, while we remain bullish at MM we do feel the air is getting a little thin in some areas of the market and the time to cut 1 or 2 of our least favourite positions maybe approaching i.e. we would then consider either beefing up an existing position or adding a new stock to our portfolio hopefully into a pullback, in other words we are considering affording ourselves a little more flexibility over the coming weeks.
Challenger Limited is an investment management firm. The Company offers annuities and other retirement income products as well as manages assets for domestic and international clients.
Oz Minerals (OZL) is Australia’s best Copper Stock and a position that has been in the portfolio before. Today we’re changing our stance around OZL.
UnitedHealth Group Incorporated is a diversified health care company that operates Optum and UnitedHealthcare platforms. The Company’s segments include Optum Health, Optum Insight, Optum Rx and UnitedHealthcare. Optum Health provides health and wellness care, addressing the physical, emotional and health-related financial needs. Optum Health, through its national health care delivery platform, engages people in care settings, including clinical sites, in-home and virtual. Optum Insight serves the needs of health systems, such as physicians and hospital systems, health plans, state governments and life sciences companies. Optum Rx provides a range of pharmacy care services through retail pharmacies, specialty and community health pharmacies and provides in-home and community-based infusion services. UnitedHealthcare segment includes UnitedHealthcare Employer & Individual, UnitedHealthcare Medicare & Retirement, UnitedHealthcare Community & State and UnitedHealthcare Global.
Spark Infrastructure (SKI) invests in utility infrastructure assets in Australia and around the world
