Patience is a virtue in the investment world. It can take two to three years, or even longer, for sentiment to shift the full 180 degrees from bearish to unbridled optimism. This is because scepticism, an uneven distribution of information, and inertia ensure the path to enthusiasm is not instant but takes time. This slow shift is a normal part of the investment and market narrative, and understanding this can bring a sense of reassurance and calm to investors. Continue…

by Roger Montgomery Posted in Editor's Pick, Small Caps.

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With reporting season about to commence, investors are turning their attention to company profits and corporate expectations for 2025, while aiming to uncover those sectors and companies expected to demonstrate real earnings growth. Fluctuations in share prices are frequent and some will be volatile, especially if expectations are missed.  Continue…

by Roger Montgomery Posted in Companies.

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Doom-and-gloomers, of which there are many, are the Henny Pennys of the financial world; those who constantly fear the sky will fall in, so warn others of its imminent inevitability. Are there any worth listening to? Perhaps we have found one.  Continue…

by Roger Montgomery Posted in Companies, Editor's Pick, Market commentary.

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In this recent webinar,  our global equity partner Polen Capital portfolio managers Carolyn Chan, Damon Ficklin, and Greg McIntire discussed recent developments in global equities including across geographies and the market cap spectrum. They also shared their perspectives on what the second half of 2024 may have in store for global equity investors. Continue…

by Polen Capital Posted in Polen Capital.

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On Monday, the S&P/ASX 200 Index reached a new all-time high, crossing the illustrious 8,000-point mark. For anyone closely tracking Australian equity markets over the last year, particularly those for large caps (notably the ASX 100 and ASX 200 indices), this may not come at a surprise. In fact, the S&P/ASX 300 Accumulation Index, which is most commonly used as a proxy for the broader Australian equity market, boasted a 12 per cent return for fiscal year 2024.   Continue…

by Dean Curnow Posted in Market commentary.

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In mid-2023, the U.S. Department of Energy released its Critical Minerals Assessment, and lithium, nickel and a handful of specific rare earths were highlighted as commodities most critical to the energy transition, and with the highest supply risk.  Continue…

by David Buckland Posted in Companies.

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Remember the television show The Jetsons?

I am showing my age by declaring I looked forward to watching the Hanna-Barbera produced cartoon, The Jetsons. Perhaps I couldn’t articulate it at the time but there was something promising and hopeful about seeing George Jetson arrive home in a flying car, then sitting down to a family meal served by robot maid, Rosie. Continue…

by Roger Montgomery Posted in Editor's Pick, Technology & Telecommunications.

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The Australian Eagle Asset Management investment team has had a long history with Treasury Wine Estates (ASX:TWE). The most recent holding was for several years prior to the pandemic with positive performance supported by growing profit and margins generated by the success of Penfolds in China. This time around, we see another opportunity for medium-term change thesis that may drive a material re-rating of the share price. Continue…

by Alan Kwan Posted in Companies, Editor's Pick, Stocks We Like.

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