Ausbiz – Stocks that are “hot” right now
In my recent interview with Ausbiz, I discussed the current economic market, highlighting the change in investor perception regarding interest rates and its significant influence on market performance. I assessed the Macquarie conference, noting the impact of JB Hi-Fi (ASX:JBH) and Super Cheap Auto (ASX:SUL) on retailer expectations, and analysed the challenges banks face in improving their net interest margin amid rising competition and costs.
For investment opportunities, I favour high-quality stocks in growth markets, particularly in healthcare. I mentioned ResMed’s (ASX:RMD) return to historical growth rates, Lendlease’s (ASX:LLC) focus on Australian assets, and Xero’s (ASX:XRO) impressive net cash flow and potential for future earnings.
You can watch the full interview here: Stocks that are “hot” right now
The Montgomery Fund and the Montgomery [Private] Fund owns shares in Resmed and Xero. This article was prepared 30 May 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 Resmed or Xero, 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.
