Ausbiz – Macquarie Technology (MAQ) a stock to watch
In my recent interview with Ausbiz, I discussed the current favourable conditions for investing in smaller companies. Small caps have seen a commendable increase of about 4% this year, driven by a combination of disinflation and positive economic growth. This represents a pivotal shift in market dynamics, moving from fears of recession to a more optimistic view of a soft landing, which in turn boosts the attractiveness of innovative growth companies in the small-cap sector.
I also shared my enthusiasm for the Macquarie Technology (ASX:MAQ). This company is set to gain considerably from the increasing enterprise-level migration to the cloud, a trend that promises to amplify cloud traffic and storage needs, enhanced further by the announcement of a new data centre expansion. You can watch the full interview here: Ausbiz – Macquarie Technology (MAQ) a stock to watch
The Montgomery Small Companies Fund owns shares in Macquarie Technology. This blog was prepared 22 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 Macquarie Technology, 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.
