Viewpoint: Bullish
US stocks had a rest on the downside yesterday and after a choppy session, the broad-based S&P500 closed down just -0.2%, basically a nothing night.
The ASX200 experienced a tough Wednesday finally closing down -0.85% after a huge sell order hit the SPI futures market after 4 pm, ultimately it doubled the day’s losses in just 10-minutes i.e. before the aggressive MOC Order (market on close) the index had clawed back from being down 70-points to being just 32-points in the red. The market was feeling…
This ETF has been the star pick for this portfolio rallying +16.7% over recent weeks, we believe it’s got further to go although as we’ve been writing a bit of late the easy money is behind us.
This EM ETF has rallied +8.8% since it took its position in our list in late October, in line with our bullish outlook towards stocks and in particular China we can see an ongoing strength for emerging markets into Christmas.
This position is down nearly -2.9% as ongoing fears around inflation and the Fed weighs on growth stocks and in particular tech, while we are not panicking yet we have reduced our upside target i.e. any move towards the 29-30 area may see us exit this ETF.
The position is down ~4% since going ‘high conviction’ on the Mexican Grill however our views have not changed. This is a company with a very strong pipeline for sustainable growth over the coming years, and we can see this being a key member of the Market Matters International Equities Portfolio for years to come.
The weakest link on our published list is down nearly 14% since we flagged the leading alternative asset manager as a ‘stock to buy here and now’. Since the call, a few things have happened to pressure the stock, the most notable of which was limiting withdrawals from their $100bn real-estate fund. They have a cap here (2% of net asset value monthly…
This is a stock that could do anything, and the loss of government grants has it down ~11% since we flagged it as a conviction buy. At the cutting edge of carbon reduction technology for industrial applications like cement production, Calix ‘should’ have a huge future, however, we are always cognisant that left-field events can hit companies that…
Our largest weighting in the Emerging Companies Portfolio has struggled over the past year, although since we flagged it as a conviction buy it is up ~15% to be the top performer on the list. Likely changes to wholesale NBN pricing are a positive and is the recent catalyst for the move higher, however, this is a company all about growth in connections…
We got 1H23 results from the grocery wholesaler and growing hardware operative earlier this week and they were solid in all key metrics, this performance has driven the share price 8% higher over the measured period. While we originally bought MTS at $3.50 and collected some nice dividends along the way, we think MTS will continue to be a slow burn on the upside with our eventual target sitting at $5.00.
