Viewpoint: Bullish
Vanguard FTSE Europe ETF (VGK US) is an exchange-traded fund incorporated in the USA. The ETF seeks to track the performance of the FTSE Developed Europe All Cap Index, which measures the investment return of stocks issued by companies located in the major markets of Europe. The ETF weights the holdings using a market capitalization methodology.
Nick Scali Limited retails furniture in Australia. The Company specializes in leather and fabric lounges, dining rooms, bedrooms and occasional furniture. Nick Scali has about nine showrooms located in New South Wales and Queensland.
CHC invests across the real estate spectrum from office to retail and social infrastructure operating a number of unlisted funds such as CLW, CQR and CQE. As a group it has ~$45bn under management across 1300 properties clearly offering the investor significant diversification.
Goodman Group (GMG) has evolved into a top quality international commercial and industrial group which focuses on locations close to large urban populations. My neighbour works for them with specific focus on major customer Amazon
Yesterday was a stellar day on the boards for the Real Estate Sector as its licked its lips at the prospect of almost zero interest rates until at least 2024. We’ve all seen the housing market turn strongly which has a positive read through for some of the Real Estate Sector but not all-in today’s rapidly evolving business landscape.
Overnight Google (GOOGL US) rallied over 7% after smashing Wall Street’s estimates on revenue i.e. surprises usually happen with the trend and for Google its clearly up.
US stocks rallied overnight with the “risk on” sectors dominating the gains, a test of 3900 and probably 4000 by the S&P500 in the coming weeks / months has that feeling of inevitability about it. The usual seasonality is up strongly into April before some “wobbles” through May & June, at this stage the momentum might just make 2021 a typical year which could make 4000 a very conservative target over the coming months.
As we touched in yesterday’s afternoon report Corporate Travel (CTD) enjoyed a strong Wednesday rallying over 6%, at MM we unfortunately carry a finite amount of cash but if we were sitting on a pile of it this is one company that would be on our shopping list with excellent risk / reward on offer – we would use technical stops at $17.40, or 6% lower.
Any doubters of the current strength being enjoyed by stocks only need to look at the 2 companies we have added to the MM Growth Portfolio this week, yesterday MM bought Virgin Money (VUK), its not often you buy a stock only to find it closing almost 8% higher than your entry in day 1.
Dexus provides real estate services. The Company manages and invests in a portfolio of diversified properties, including office and industrial buildings, retail shopping centers, and car parks. Dexus serves customers in Australia and New Zealand.
