Buy Hold Sell: 6 of the most Googled stocks
In this video for Livewire Roger joined Ben Clark and Vishal Teckchandani on Livewire’s Buy Hold and Sell to discuss the six most Googled stocks. Google processes 5.8 billion searches per day. So we had to ask, what are the most googled ASX stocks and would you own them? Hear if Roger would own these companies in this interview.
The Montgomery Funds own shares in the Commonwealth Bank of Australia, CSL and Wesfarmers. This article was prepared 02 July with the information we have today, and our view may change. It does not constitute formal advice or professional investment advice. If you wish to trade Megaport you should seek financial advice.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
david klumpp
:
Hello Roger: I’m puzzled at the conclusion that CSL could be considered a buy, if that is based on valuation, though of course it is a great, or even the best business with good prospects. I recall you have several times in the recent past used it as an example of an overpriced business. For example at the end of 2018 and early 2019 using the simple, but useful concept of valuing it as a bond (assume no growth of earnings and a return at 8% per yr) you suggested it was not good value. Back then you calculated that based on market cap, investors were paying 3 times the value ($100B) of CSL’s earnings ($3B). Looking today, it appears things are no different, with projected earning of $3.5B in 2021 and a market cap now up at $135B, would again suggest the market is willing to pay an equivalent of 3 CSLs, for the earnings of 1. Have things changed so much in that time to now make CSL good value?
Roger Montgomery
:
Hi David,
One of the things that has changed is our view on the discount rate. The Fed’s decision to buy corporate bonds is a very clear signal about where interest rates are targeted to be for some time.