Search Results for: bubble
-
How Pfizer’s vaccine will affect stocks in your portfolio
Roger Montgomery
November 12, 2020
Wow, what a week! Pfizer announces it has a vaccine almost set to go, and hasn’t the market reacted! Happily for our investors, The Montgomery Fund has already pivoted towards a post-pandemic world: we’ve cut cash to a record low and invested in some businesses beaten down by enforced lockdowns. Continue…
by Roger Montgomery Posted in Global markets, Market commentary.
- 4 Comments
- save this article
- 4
- POSTED IN Global markets, Market commentary.
-
What the US election result means for investors
Roger Montgomery
November 10, 2020
When Joe Biden emerged as the 46th US president, democratic nations including Germany, Japan and the UK are reported to have breathed a collective sigh of relief. Political leanings aside, what does Biden’s win mean for investors, and how might it affect a rotation out of growth and into value or cyclical stocks? Continue…
by Roger Montgomery Posted in Editor's Pick, Global markets.
- save this article
- POSTED IN Editor's Pick, Global markets.
-
How to assess the value of stocks with extreme PE multiples
Roger Montgomery
October 28, 2020
You’ve probably heard bullish commentators argue that declining interest rates explain, and justify, the extraordinary price to earnings (PE) multiples being paid for growth stocks. Many of these commentators also maintain that, because rates are going to stay lower for longer, these stocks are a defensive, sensible, and even safe investment. But are they right? Continue…
by Roger Montgomery Posted in Editor's Pick, Investing Education.
- save this article
- POSTED IN Editor's Pick, Investing Education.
-
Why growth stocks could keep rising
Roger Montgomery
October 27, 2020
The share prices of growth companies – particularly quality businesses such as the much heralded FAAMGs – have been on a tear since March. How much further could they go? Well, quite a bit further I think, if rates stay low and governments keep providing financial support. Continue…
by Roger Montgomery Posted in Global markets, Market commentary.
- 2 Comments
- save this article
- 2
- POSTED IN Global markets, Market commentary.
-
Bullishness amid the doom and gloom
Roger Montgomery
October 23, 2020
In this article for the Herald Sun Roger discusses the reasons to be bullish during this market. With many of the bear arguments centred around a bubble in technology stocks, it’s worth beginning the bull case with those same technology stocks. Read here.
by Roger Montgomery Posted in In the Press.
- READ
- save this article
- POSTED IN In the Press.
-
Is bitcoin delivering on its promise?
Tim Kelley
October 22, 2020
2017 saw an extraordinary surge in the price of a Bitcoin. After beginning the year at around $1,000, the world’s first cryptocurrency reached prices of close to $20,000 in late 2017, before quickly dropping below $10,000 in early 2018 and below $5,000 by the end of 2018. Continue…
by Tim Kelley Posted in Foreign Currency.
- save this article
- POSTED IN Foreign Currency.
-
To Vaccinate your portfolio or not?
Roger Montgomery
October 15, 2020
How to position portfolios for a potential (but not certain) vaccine is currently front of mind here at Montgomery. A vaccine feeds into the ‘reopening’ theme as well as the narrative about a broader economic recovery and companies that are leveraged to it – the ‘economic sensitives’. Continue…
by Roger Montgomery Posted in Editor's Pick, Market commentary.
- 2 Comments
- save this article
- 2
- POSTED IN Editor's Pick, Market commentary.
-
How much higher can Buy-Now-Pay-Later stocks go?
Roger Montgomery
October 8, 2020
As you’ve no doubt noticed, Buy-Now-Pay-Later (BNPL) providers, like Afterpay and Zip, are all the rage. But do their soaring share prices reflect their real value and future earning power? Or are we just witnessing the latest incarnation of tulip mania? Continue…
by Roger Montgomery Posted in Companies, Editor's Pick.
- save this article
- POSTED IN Companies, Editor's Pick.
-
Why this market is starting to look like a ponzi scheme
Roger Montgomery
October 7, 2020
When Tesla split its stock five-for-one and then rallied 12 per cent on the day the split shares started trading, I thought the market had reached a new and unsustainable level of nutty. But I was wrong. Continue…
by Roger Montgomery Posted in Global markets.
- 2 Comments
- save this article
- 2
- POSTED IN Global markets.
-
Why you shouldn’t be spooked by the rise of zombie companies
Roger Montgomery
September 30, 2020
Are you concerned about the increasing number of zombie companies and a looming tech bubble? Well, perhaps the situation is not as worrying as it seems. With governments and central banks continuing to pump money into the economy, share prices could be held aloft for some time yet. Continue…
by Roger Montgomery Posted in Global markets, Market commentary.
- save this article
- POSTED IN Global markets, Market commentary.
-
What was the point of the Banking Royal Commission?
Andreas Lundberg
September 29, 2020
Just last week, the Federal Government decided to loosen lending requirements for Australian banks – a move that’s completely at odds with the recommendations of the Commissioner, Kenneth Haynes. Sure, investors seemed to like the decision, pushing bank stocks higher. But will this all end badly, once again? Continue…
by Andreas Lundberg Posted in Editor's Pick, Financial Services.
- 6 Comments
- save this article
- 6
- POSTED IN Editor's Pick, Financial Services.
-
California and VW go electric
Roger Montgomery
September 25, 2020
Back in 2015 I wrote about Tesla noting “In this era of creative destruction, transition and disruption, finding the winners can be a challenge.” That was when Tesla shares were $52 adjusted for splits. With Tesla post-split shares now trading at $380 it would seem Tesla has won. Continue…
by Roger Montgomery Posted in Companies, Editor's Pick.
- 3 Comments
- save this article
- 3
- POSTED IN Companies, Editor's Pick.
-
The importance of identifying longer-term threats
Roger Montgomery
September 22, 2020
In this week’s video insight Roger discusses the importance of scanning the distant horizon for long-term threats when investing. We now live in a world where asset bubbles are no longer glitches but a semi-permanent feature of corporate and financial life, and a world where investors are not only unable to endure normal corrections or volatility but our politicians and central bankers even less. Will investors discover the danger of avoiding value?
by Roger Montgomery Posted in Editor's Pick, Video Insights.
- watch video
- save this article
- POSTED IN Editor's Pick, Video Insights.
-
What the Age of Disorder means for investors
Andreas Lundberg
September 16, 2020
As you’ve no doubt noticed, the news these days is awash with reports of social unrest across the world. It’s prompted Deutsche Bank’s global strategists to argue that we’ve entered the Age of Disorder. They point to six major trends that, together, support their thesis – and which could have a big impact on equity returns in coming years. Continue…
by Andreas Lundberg Posted in Market commentary.
- 1 Comments
- save this article
- 1
- POSTED IN Market commentary.
-
Could PayPal’s “Pay in 4” prick the BNPL bubble?
David Buckland
September 15, 2020
The Buy Now Pay Later (BNPL) industry has exploded in Australia in recent years. The space has been admirably led by the Nicholas Molnar, who founded Afterpay Holdings Limited (ASX: APT) in early-2014 after designing the company’s business model from the back of his commerce lectures at the University of Sydney. At its recent high of $96 per share, APT reached a market capitalisation of A$27 billion. Continue…
by David Buckland Posted in Companies, Editor's Pick.
- save this article
- POSTED IN Companies, Editor's Pick.
-
What to make of the Tesla share price?
Tim Kelley
September 4, 2020
Around ten years ago, a small company called Tesla Motors (NASDAQ:TSLA) launched its IPO on the NASDAQ stock exchange, raising a total of US$226.1 million at a (split adjusted) share price of US$3.40. Since that time, shareholders in Tesla have enjoyed spectacular gains, as set out below. Continue…
by Tim Kelley Posted in Companies.
- 5 Comments
- save this article
- 5
- POSTED IN Companies.
-
Redbubble – A COVID-19 winner with global ambitions
Joseph Kim
September 2, 2020
With more than six months of COVID-19 disruptions behind us, there have been some clear winners emerging as a result of changes in spending patterns and the shift to online. One such business has been Redbubble – a growing online marketplace providing print-on-demand products based on user-submitted artwork. Continue…
by Joseph Kim Posted in Companies, Stocks We Like.
- save this article
- POSTED IN Companies, Stocks We Like.
-
Are you a bull or a bear? Part 2: Reasons to be bullish
Roger Montgomery
September 2, 2020
In my last blog, I set out the reasons for being pessimistic about equity markets.Now let’s look at the reasons to be bullish. I’ll let you decide which case is more compelling, and I’d love to get your comments. With many of the bear arguments centred around a bubble in technology stocks, it’s worth beginning the bull case with those same technology stocks. Continue…
by Roger Montgomery Posted in Market commentary.
- 4 Comments
- save this article
- 4
- POSTED IN Market commentary.
-
Are you a bull or a bear? Part 1: Reasons to be bearish
Roger Montgomery
August 31, 2020
If you’re unsure whether to feel positive or negative about equity markets right now, you’re not alone. Investors are strongly divided on whether markets are fair value, or too expensive and about to collapse – and there are compelling reasons for both positions. Let’s look at the reasons to be bearish. In my next blog, I’ll look at reasons to be bullish. Continue…
by Roger Montgomery Posted in Market commentary.
- 4 Comments
- save this article
- 4
- POSTED IN Market commentary.
-
Companies benefiting from COVID-19 lockdowns
Roger Montgomery
August 7, 2020
The current boom in equities is not as broad-based as it might first appear. Putting aside materials and gold stocks, the rest of the market can be divided into the ‘haves’ and the ‘have nots’. And it may be more important than ever to be an owner of the ‘haves’.
by Roger Montgomery Posted in Companies, Editor's Pick, Stocks We Like.
- 1 Comments
- save this article
- 1
- POSTED IN Companies, Editor's Pick, Stocks We Like.