Ausbiz – Roger pops the market bubble myth
In my recent interview with Ausbiz, I discussed the current state of the stock market and addressed the question of whether it is in a bubble. I noted that the typical euphoria seen in market bubbles is absent and highlighted that both the U.S. and Australian market gains, along with current initial public offering (IPO) trends, do not align with typical bubble indicators.
I mentioned the positive results from reporting season of companies like Audinate (ASX:AD8) and Life360 (ASX:360), which have outperformed expectations due to their innovative models and growth potential. Additionally, I pointed out the promising prospects of small-cap stocks, such as Lovisa (ASX:LOV), Macquarie Technology (ASX:MAQ), and Megaport (AXS:MP1). You can watch the full interview here: Ausbiz – Roger pops the market bubble myth
The Montgomery Small Companies Fund owns shares in Life360, Lovisa, Macquarie Technology, Megaport and Audinate. This blog was prepared 8 March 2024 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 Life360, Lovisa, Macquarie Technology, Megaport or Audinate, 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.
