Ausbiz – The consumer discretionary stocks defying the gloom
In this morning’s interview on Ausbiz, I discussed key market trends in anticipation of the upcoming U.S. and Australian reporting seasons. I highlighted the importance of the impending reporting season to support the current market momentum, emphasising the need to closely observe outlook statements and key sectors, such as consumer discretionary companies like JB Hi-Fi (ASX: JBH) and Premier Investments (ASX: PMV). I also addressed the pressures on Australian banks, including Commonwealth Bank (ASX:CBA), noting their significant contributions to market performance but also their current high valuations and need for earnings growth. Lastly, I touched on the resource sector, particularly lithium stocks, and the importance of upcoming production reports in shaping future market directions.
You can watch the full interview here: Ausbiz – The consumer discretionary stocks defying the gloom
The Montgomery Fund and the Montgomery [Private] Fund owns shares in Commonwealth Bank. This article was prepared 11 July 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 Commonwealth Bank, you should seek financial advice.
Sean Sequeira jointly established Australian Eagle Asset Management in 2004. Sean was appointed Australian Eagle’s Chief Investment Officer in 2016. In addition to stock selection and analysis, Sean is responsible for all aspects of the investment process. Sean is head of Australian Eagle’s portfolio risk committee and process integrity committee. He is also one of the three investment team members that make up the portfolio construction committee.
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.
