Buy Hold Sell, by Livewire Markets
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In 2016, Bain & Company found that the companies most successful at maintaining profit growth over the long term disproportionately were companies where the founder was still running the business, still involved on its board, or where the principles the founder originally put in place persisted. That's because founders possessed these three traits: __ __ So, which founder-led stocks are flashing buy signals on the ASX? In this episode, Livewire's James Marlay https://www.livewiremarkets.com/contributors/james-marlay was joined by Blackwattle's Tim Riordan https://www.livewiremarkets.com/contributors/tim-riordan and Auscap's Will Mumford https://www.livewiremarkets.com/contributors/will-mumford to find out. Note: This episode was filmed on Wednesday 27 March 2024. https://www.livewiremarkets.com/wires/buy-hold-sell-5-undervalued-founder-led-stocks
By now, you’re probably aware of the stats highlighting the growth of ETFs in Australia (if not, they’re available here https://www.livewiremarkets.com/wires/how-you-can-stay-ahead-of-the-explosive-growth-in-etfs). Alright, alright already, we get it… they’re very popular. But just because something is popular, doesn’t always mean it is good, or that people know how to use it effectively (think Q-tips, running shoes, and Taylor Swift songs). So, for this latest episode of Buy Hold Sell, we reached out to two advisors - people actually using these products in client portfolios – to get their take on the good, the bad, and the ugly across various factors and investment styles. Be warned: When long-time friends Adam Dawes from Shaw and Partners and Andrew Wielandt from DP Wealth Advisory are together in the same room, there are often a few laughs to be had. But you will also get practical and sound guidance, free from any spin – these two call it how they see it. So make sure to watch the video to find out Adam and Andrew's top ETFs for growth, income and value - as well as some they're cautious on.
Around 51% of Australians (or 10.2 million people) hold investments outside their homes and superannuation, according to the ASX. Of these investors, around 20% (or 2 million people) use exchange-traded funds (or ETFs) - up from 15% in 2020. Investor interest in low-cost, liquid and diversified ETFs has seen assets under management in the industry explode over the last decade, with its market cap now reaching close to $190 billion. In fact, in the last 12 months alone, the market cap of the Australian ETF industry has surged 35.5% (or by $49.6 billion). Given more investors are using ETFs than ever before, Livewire decided it would be worthwhile to go back to basics, reaching out to two ETF aficionados for their top tricks and tips on investing in these listed vehicles. In this episode, Shaw and Partners' Adam Dawes and DP Wealth Advisory's Andrew Wielandt answer the internet's most common questions on ETFs. Plus, they also each name the one ETF they believe "rules them all". Note: This episode was filmed on Wednesday 13 March 2024. You can read an edited transcript below. https://www.livewiremarkets.com/wires/answering-the-internet-s-most-common-etf-questions
There are now more than two million Australians using exchange-traded funds (ETFs) to invest, an increase of 7% compared to 2022 (according to Betashares). As of the end of February, there was $189.4 billion invested across 359 ETFs, and with BlackRock estimating the market could more than double by 2027, it seems there's no stopping the explosive growth of the low-cost, easily accessible ETF market. So in this episode, Livewire's Ally Selby https://www.livewiremarkets.com/contributors/ally-selby was joined by Shaw and Partners Adam Dawes and DP Wealth Advisory's Andrew Wielandt for their analysis of Livewire and Market Index readers' top-tipped ETFs for 2024. For most of your ETFs, our financial advisers provide similar calls - but there's one in particular that has them divided - and it's a doozy. Note: This episode was recorded on Wednesday 13 March 2024. You can read the edited transcript below. https://www.livewiremarkets.com/wires/buy-hold-sell-your-top-tipped-etfs-for-2024 Timecodes: __ __
Growth stocks have been off to the races over the last few months, with the S&P/ASX 200 Growth Index rebounding 14% since hitting a low at the end of October 2023. Over that same time period, growth stocks like Megaport (up 52%), NEXTDC (up 44%), REA Group (up 28%), WiseTech Global (up 60%), and Lovisa (up 76%) - among many others - have all skyrocketed. While I am not so sure that there are many ways to skin a cat, there are many ways to measure growth - think sales growth, revenue growth, earnings per share growth, dividend growth, and more. So in this episode, Livewire's Ally Selby https://www.livewiremarkets.com/contributors/ally-selby was joined by Regal's Jessica Farr-Jones https://www.livewiremarkets.com/contributors/jess-farr-jones and Spheria's Brittany Isakka https://www.livewiremarkets.com/contributors/brittany-isakka-4ec58e26-0ace-48de-9717-1dfa150ce1be for their analysis of three stocks with trailing 12-month earnings per share (EPS) growth of more than 100%. You'll learn whether these stocks can continue to push earnings to the limit over the year ahead. Plus, our guests also name an emerging growth darling within their portfolios that they are backing over the next 12 months. Note: This episode was recorded on Wednesday, 28 February 2024. You can read an edited transcript below: https://www.livewiremarkets.com/wires/buy-hold-sell-5-of-the-asx-s-fastest-growing-stocks/
How do you avoid the small-cap potholes and identify the fast-lane stocks on the highway to success? In this episode, Livewire's Ally Selby https://www.livewiremarkets.com/contributors/ally-selby was joined by Regal Funds Management's Jessica Farr-Jones https://www.livewiremarkets.com/contributors/jess-farr-jones and Spheria Asset Management's Brittany Isakka https://www.livewiremarkets.com/contributors/brittany-isakka-4ec58e26-0ace-48de-9717-1dfa150ce1be for their tips and tricks for investing in emerging ASX-listed stocks. They also share their outlook on small and micro-caps for the year ahead, the recent major changes they have made to portfolios, and two stocks they are backing with exciting growth trajectories over the next five years. Plus, because this anonymous writer loves a dash of drama, they also name one stock that they believe can no longer deliver growth for investors. Note: This episode was recorded on Wednesday, 28 February 2024. You can read an edited transcript below. https://www.livewiremarkets.com/wires/how-to-invest-in-small-and-micro-caps-and-4-emerging-stocks-for-the-next-5-years
If rates have peaked, which local cash rate futures indicate they have, long-duration growth names, small-cap stocks, and cyclicals are likely to continue to recover from here. That said, there are some risks to that outlook - particularly given it's the market consensus. So in this episode, we'll be putting some of the ASX's up-and-coming small-cap growth and cyclical stocks to the test. These small-cap stocks have had a stellar year, having risen an average of 117%. So can they do it again over the coming 12 months? To find out, Livewire's Ally Selby https://www.livewiremarkets.com/contributors/ally-selby was joined by Regal Funds Management's Jessica Farr-Jones https://www.livewiremarkets.com/contributors/jess-farr-jones and Spheria Asset Management's Brittany Isakka https://www.livewiremarkets.com/contributors/brittany-isakka-4ec58e26-0ace-48de-9717-1dfa150ce1be for their analysis of Life360 (ASX: 360 https://www.livewiremarkets.com/stock_codes/asx-360), Temple & Webster (ASX: TPW https://www.livewiremarkets.com/stock_codes/asx-tpw) and HUB24 (ASX: HUB https://www.livewiremarkets.com/stock_codes/asx-hub). Plus, our guests each name a small-cap stock that they believe could be headed for large-cap status over the years to come. Note: This episode was recorded on Wednesday 28 February 2024. You can read an edited transcript below. https://www.livewiremarkets.com/wires/buy-hold-sell-5-small-stocks-headed-for-large-cap-status
When it comes to income, you need a recipe for success. Sure, term deposits are cooking up around 5% yields right now, but for income-hungry investors, 5% may just not cut it. That's where equity income comes in. The yield on the market itself has been around 4-5% over the last 20 years - and a diversified portfolio of stocks with rising and sustainable dividends and earnings growth can deliver far more income than that. Then there are franking credits, which add a little extra flavour to investors' portfolios - and typically, an additional 2% in yield. So, in this episode, we're serving up some of the market's dividend darlings and throwing the scraps (stocks with falling dividends) into the trash. Livewire's Ally Selby https://www.livewiremarkets.com/contributors/ally-selby was joined by IML's Michael O'Neill https://www.livewiremarkets.com/contributors/michael-o-neill-iml and Plato Investment Management's Dr Don Hamson https://www.livewiremarkets.com/contributors/don-hamson for their analysis of three stocks with impressive 1-year forward yields. Plus, they also name one stock they believe could see its dividends on the chopping block in 2024. **Please note that this episode was filmed before the recent announcement regarding ANZ's takeover approval of SUN by the ACCC.** Note: This episode was filmed on Wednesday, February 14, 2024. You can read an edited transcript below. https://www.livewiremarkets.com/wires/buy-hold-sell-3-stocks-with-dividends-on-the-rise-and-2-on-the-chopping-block/
Over the 12 months to the end of December, housing costs rose 6.1%, alcohol and tobacco prices lifted 6.6%, medical costs bumped up 5.1%, and insurance and financial services prices soared 8.1%. We also spent more on food and non-alcoholic beverages, more on transport, and more on education.* All this is to say that it costs a lot more to be alive today than it did 12 months ago, and this anonymous writer is starting to feel the bite. Sure, inflation is finally starting to cool, but you would be hard-pressed to find someone whose lifestyle hasn't been dampened by higher rates. So this episode of Buy Hold Sell is focused on making your money work a little harder for you. We've reached out to two income specialists in the form of Dr Don Hamson https://www.livewiremarkets.com/contributors/don-hamson from Plato Investment Management and Michael O'Neill https://www.livewiremarkets.com/contributors/michael-o-neill-iml from IML, for their top tips and tricks for helping you generate more bang for your buck in 2024. They share the stocks that have sustainable yields, name a few that don't, teach you how to avoid the traps that plague dividend-hungry investors, and last but not least, name one stock that they believe every income investor should hold in 2024. Note: This episode was filmed on Wednesday 14 February 2024.
Global markets soared to new heights in 2023, with the MSCI World Index (AUD) lifting 23.2%. Lucky for income-hungry investors, this saw dividends grow with it, with payouts up 8.9% in Aussie dollar terms, according to Plato Investment Management. While the majority of investors around the globe enjoyed increased dividend payouts in 2023 (compared to 2022), Australian investors were among the few who received less bang for their buck during the year, with dividend payouts falling 5.4%. Despite this, Australia was still the fifth-highest dividend-paying country in the world in the fourth quarter. So, where can investors generate more dosh for their dollar in 2024? Particularly as the cost of living continues to bite our bottom lines? In this episode, Livewire's Ally Selby https://www.livewiremarkets.com/contributors/ally-selby was joined by Australia's two "Dividend Doctors" - Dr Don Hamson https://www.livewiremarkets.com/contributors/don-hamson from Plato Investment Management and Michael O'Neill https://www.livewiremarkets.com/contributors/michael-o-neill-iml from IML. They run the ruler over three stocks with high expected one-year forward yields in 2024. Plus, they each name one stock that they believe could announce a monster dividend in the year ahead. Note: This episode was recorded on Wednesday 14 February 2024. You can read the edited transcript below. https://www.livewiremarkets.com/wires/buy-hold-sell-5-stocks-with-monster-dividends-in-2024/
Given the underperformance of small and mid-caps since 2021, and the fact that central banks have tipped the end of the rate-hiking cycle, many money managers are spruiking the coming wave of capital that could enter the smaller end of the market in 2024. While small caps tend to outperform post-recession - and we haven't seen one of those - the Small Ordinaries Index has already rebounded around 16% since hitting a low at the end of October. So is there more where that came from? To find out, Livewire's Ally Selby https://www.livewiremarkets.com/contributors/ally-selby was joined by T. Rowe Price's Randal Jenneke https://www.livewiremarkets.com/contributors/randal-jenneke and Tribeca's Jun Bei Liu https://www.livewiremarkets.com/contributors/jun-bei-liu for their analysis of five of Livewire and Market Index readers' top-tipped small and mid-cap stocks for 2024. There's definitely a theme with this list - all of the stocks are either uranium darlings or biotech stars. In 2023, these five stocks delivered an average return of 90%. So there's high hopes that they can do the same over the year ahead. Plus, we also asked our guests to name two small stocks that they believe could outperform in 2024. Note: This episode was recorded on Wednesday 31 January 2024.
Last year, we asked two fund managers what they would do if they could start completely from scratch. It seemed to hit a nerve with our readers, with the episode https://www.livewiremarkets.com/wires/6-stocks-for-a-full-portfolio-reset-in-2023 turning out to be the most popular of the year. It's likely because we all, at some point in our investment journeys, have cursed the day we bought a particular stock (or let's face it, stocks) - and wished, wholeheartedly, that we could start over. Facing this dilemma, some investors may sell everything and give up for good. Others may just watch on as those losing positions become smaller and smaller pains in their portfolios. However, it's far better to review your holdings, have an honest conversation with yourself about what worked and what didn't, and develop a plan so that you can better stick to your strategy over the year ahead. So in this episode, Livewire's Ally Selby https://www.livewiremarkets.com/contributors/ally-selby was joined by T. Rowe Price's Randal Jenneke https://www.livewiremarkets.com/contributors/randal-jenneke and Tribeca's Jun Bei Liu https://www.livewiremarkets.com/contributors/jun-bei-liu for a full portfolio reset. They will share the headwinds they believe you should keep on your radar in 2024 - particularly as the ASX 200 hits a new all-time high, the key opportunities they have identified today, as well as three stocks they would own if they could start completely from scratch. Plus, unless you invested all your life savings in NVIDIA last year, we've likely all made some mistakes throughout 2023. So, our guests share the most painful position in their portfolio from 2023 - and what they learnt from it. Note: This episode was filmed on 31 January 2024. You can read an edited transcript below. https://www.livewiremarkets.com/wires/6-stocks-for-a-full-portfolio-reset-in-2024/
Welcome back to Buy Hold Sell for 2024! And what a start to the year it's been... This week, the S&P/ASX 200 hit a new all-time high, buoyed by investors' expectations for rate cuts over the year ahead. This is all thanks to inflation starting to ease, and recessionary fears finally starting to fall. But in a world of goldilocks thinking en masse, is the outlook for markets really as rosy as we think? With this in mind, we can think of no better time to analyse Livewire and Market Index readers' top-tipped stocks for 2024. Think out-of-love stocks like CSL Limited (ASX: CSL https://www.livewiremarkets.com/stock_codes/asx-csl) and Pilbara Minerals (ASX: PLS https://www.livewiremarkets.com/stock_codes/asx-pls), defensive stalwarts like BHP Group (ASX: BHP https://www.livewiremarkets.com/stock_codes/asx-bhp) and Macquarie (ASX: MQG https://www.livewiremarkets.com/stock_codes/asx-mqg), and growth darling WiseTech Global (ASX: WTC https://www.livewiremarkets.com/stock_codes/asx-wtc). In this episode, Livewire's Ally Selby https://www.livewiremarkets.com/contributors/ally-selby was joined by T. Rowe Price's Randal Jenneke https://www.livewiremarkets.com/contributors/randal-jenneke and Tribeca's Jun Bei Liu https://www.livewiremarkets.com/contributors/jun-bei-liu for their analysis of these very stocks. Plus, for a little bit of fun, we asked our guests to name their highest conviction large-cap stock pick for the year ahead - a stock that didn't make readers' list https://www.livewiremarkets.com/wires/the-20-most-tipped-asx-stocks-for-2024 for 2024 but probably should have. Note: This episode was filmed on 31 January 2024. You can read an edited transcript below. https://www.livewiremarkets.com/wires/buy-hold-sell-5-of-your-most-tipped-stocks-for-2024-and-2-that-should-have-made-the-list
If only there was a way to identify game-changing opportunities before they are announced to the market. Sometimes, major strategic moves and company catalysts are telegraphed to the market. The Tabcorp demerger last year, for example, was the subject of multiple investor activism campaigns, over multiple years, before finally coming to fruition. BHP selling its oil assets is another example of a well-telegraphed event, while the recent Santos and Oil Search merger would have been discussed in the war room of every energy analyst and investment banker for years before it was ever consummated. While the examples above were well covered by the financial press, that is not always the case. As such, oftentimes only an intimate knowledge of a company can allow one to identify and accurately forecast these game-changing developments. In that vein, we’ve asked 12 of Australia’s most well-known fund managers for a company that could have a game-changing development over the next 12 months, elevating them to star status. Our featured experts include (in order of appearance): __ __ Note: These interviews were filmed on Tuesday, 12 December 2023. You can read an edited transcript below: https://www.livewiremarkets.com/wires/12-stocks-with-game-changing-catalysts-in-2024
As part of Livewire's Outlook Series for 2024, James Marlay https://www.livewiremarkets.com/contributors/james-marlay and Ally Selby https://www.livewiremarkets.com/contributors/ally-selby challenged 12 of Australia’s most successful investors to each name one company that brings that “sleep at night” assurance so many of us are seeking right now. In many cases, their responses yielded well-known stalwarts of the investment world, including names in listed property, infrastructure and materials. But a couple of smaller companies, including those in technology, were also in the mix. Our featured fund managers include (in order of appearance): __ __ Note: The information provided is not intended to be a recommendation. Please do your own research and seek advice from a professional before making any investment decisions. Past performance is not a reliable indicator of future returns. These interviews were filmed on Tuesday, 12 December 2023. You can read an edited transcript below: https://www.livewiremarkets.com/wires/14-stocks-to-help-you-sleep-at-night
No great investor ever got to where they are now by going with consensus. If you believed the analyst consensus of 2022, 2023 was going to be another challenging year for asset allocation as economies and markets were forced to come to terms with inflation and interest rates remaining higher for longer. Many analysts continued to have a deep US-led recession and smooth Chinese reopening as their base case. Some even dared to venture that the return on expensive equities would trend downwards while bonds would do the heavy lifting. Well, that did not happen. And because of what actually occurred, research houses are repricing their views for 2024. The analyst consensus thinks equities will now rise 10% over the next 12 months, bond yields have peaked, a recession is now all but off the table, and the savage rate-hiking cycle may be replaced by an equally savage rate-cutting cycle. So, will the consensus be proven wrong again? In this video, 12 of Australia's leading fund managers share with us a widely-held view they think will be proven wrong in 2024. From interest rates to weight loss drugs and the M&A landscape, there are plenty of places for investors to have The Street's view challenged. Our featured experts include (in order of appearance): __ __ Note: These interviews were filmed on Tuesday 12 December 2023. You can read an edited transcript below: https://www.livewiremarkets.com/wires/12-things-investors-could-get-wrong-in-2024
There have been many opportunities to buy some of the market's favourite stocks at cheaper prices in recent years. Many fortunes were made buying these discounted darlings at the bottom of the COVID-19 crash, and then again during the latter months of 2022 and throughout 2023 as markets looked out to the end of the Reserve Bank of Australia's interest rate hiking cycle. Take REA Group (ASX: REA https://www.livewiremarkets.com/stock_codes/asx-rea), for example. The stock's share price crashed around 37% during the COVID crisis, before soaring 134% to reach new highs by the end of 2021. Over the next six months, it would cascade 43% before rebounding 88% over the past year and a half. And while we may not have a crystal ball to know when the next correction or crash may occur, it's worthwhile having a list of stocks in your back pocket to buy when sentiment swings to a new low. So as part of Livewire's Outlook Series for 2024, we spoke to 12 of Australia's brightest investment minds for the one stock they would buy if it ever sold off. Unsurprisingly, there were a few recurrent ideas in the mix, including three fund managers heralding REA Group as the best stock on the ASX, and two selecting Pro Medicus (ASX: PME https://www.livewiremarkets.com/stock_codes/asx-pme) as the stock they would buy at a cheaper price. Our featured fund managers include (in order of appearance): __ __ Note: The information provided is not intended to be a recommendation. Please do your own research and seek advice from a professional before making any investment decisions. Past performance is not a reliable indicator of future returns. You can read an edited transcript below. These interviews were filmed on Tuesday, 12 December 2023. https://www.livewiremarkets.com/wires/9-of-the-best-stocks-to-buy-in-a-sell-off
Sometimes it’s the things ticking over in the background that can cause the greatest chaos in markets. Take an unidentified virus circulating in a lesser-known city in China back in late 2019. Or the rise in populism that resulted in Brexit back in 2017. Just a few years earlier, the debt problems in Greece threatened the ongoing existence of the European Union. We finished 2023 with equity markets on a high, while bond markets are pricing for a soft landing. What underestimated nasties in today’s world could be the biggest market disruptors in 2024? After all, there’s a reason the famed Doomsday Clock https://thebulletin.org/doomsday-clock/?utm_source=livewiremarkets.com&utm_medium=referral#nav_menu still stands at 90 seconds to midnight (i.e. a catastrophic disaster to the world is imminent). We spoke to 12 fund managers to see what they viewed as the most underappreciated risks for the year ahead. While none of them predict COVID 2.0 (at this stage...), some of their concerns might take you by surprise. Our featured fund managers include (in order of appearance): __ __ Note: You can read an edited transcript below. These interviews were filmed on Tuesday, 12 December 2023. https://www.livewiremarkets.com/wires/the-10-most-underappreciated-risks-in-2024
They say you should never run from a bear. And, strangely, nothing typifies this like investors' response to the macroeconomic hazards, rising geopolitical tensions, and the myriad of other risks that continue to face the market. Worried that your portfolio will continue to falter as the Magnificent Seven soar even higher? Fear not, my friend. The experts tip that this should broaden out to a wider rally in more sectors and stocks. Sick of small and microcap's continued underperformance? Worry no more, 2024 could see the reversal you have been praying for. In this video, 12 of Australia's brightest investment minds share why they are not shying away from markets in 2024, including why one market veteran believes that the ASX could be in for double-digit returns over the next decade. Our featured fund managers include (in order of appearance): __ __ Note: The information provided is not intended to be a recommendation. Please do your own research and seek advice from a professional before making any investment decisions. Past performance is not a reliable indicator of future returns. You can read an edited transcript below. These interviews were filmed on Tuesday, 12 December 2023. https://www.livewiremarkets.com/wires/no-bears-here-why-these-12-fund-managers-are-running-with-the-bulls-in-2024
How are Australia's brightest investment minds investing as we kick off the new year? Livewire has assembled an exclusive roll card of 12 of the country's finest global and local equities investors for their highest conviction stock picks for the year ahead. This includes Alphinity's Mary Manning https://www.livewiremarkets.com/contributors/mary-manning, whose top stock last year delivered a whopping return of 86% in 2023 (the average return of the stock picks last year was 36.73%), as well as star stockpickers Emma Fisher https://www.livewiremarkets.com/contributors/emma-fisher and Chris Stott https://www.livewiremarkets.com/contributors/chris-stott-72bda4fe-db47-4c0a-90c8-392f5d7899d0, industry legends Dr Philipp Hofflin https://www.livewiremarkets.com/contributors/philipp-hofflin and Bob Desmond https://www.livewiremarkets.com/contributors/bob-desmond, and many more. So, without further ado, sit back, relax and enjoy the most anticipated list of stocks for 2024. And as always, do your own research before making any investment decisions of your own. Our featured fund managers include (in order of appearance): __ __ Note: We would like to thank the fund managers listed above for sharing their top ideas for 2024 in the spirit of the Outlook Series. All of the fund managers featured in this series run diversified portfolios and do not invest solely in the stocks mentioned below. This list is not, nor is it intended to be, a set of recommendations. Please do your own research and seek advice from a professional before making any investment decisions of your own. Past performance is not a reliable indicator of future returns. You can read an edited transcript below. These interviews were filmed on Tuesday, 12 December 2023. https://www.livewiremarkets.com/wires/the-1-stock-picks-for-2024
As we round out another year of Buy Hold Sell, we're taking the chains off. Normally, we try to keep things civil by putting a handful of stocks to our guests and asking for their analysis. Whilst guests don't always agree, at least they don't have to analyse each other's highest conviction picks. In essence, the stocks are like Switzerland - neutral. But what fun is that? To spice things up a bit, we’ve asked our guests to bring along three stocks they think could surprise investors in 2024 - and because two views make a market, they will be analysing each others’ stocks. Juicy. So, sit back, relax, and enjoy this final episode of 2023, featuring First Sentier’s David Wilson and Atlas Funds’ Hugh Dive. Note: This episode was filmed on Wednesday 13 December 2023.
If there is one lesson markets can bestow on their followers, it's humility. Not even the world's most respected economists get every macro call right, nor do the world's market animals consistently pick only winning stocks. Getting things wrong, making mistakes, and replaying these (often) haunting moments in our heads is intrinsically human. But admitting when we get it wrong, and learning from these mistakes, is a particularly admirable skill. At the outset of 2023, many predicted we would see a recession during the year. Equities, these market oracles warned, would tumble to fresh, painful lows. That, as we now know, has not happened. Instead, a handful of stocks have helped the S&P 500 push around 24% higher, while the ASX 200 is looking like it may end 2023 with close to double-digit gains. It's fair to say then that investors, both professional and punter alike, would have made a few mistakes throughout the year. This anonymous writer sure has. So, in the first of our Outlook Series videos for 2024, 12 of the country's top fund managers candidly reveal the positions and macro calls that have contributed to many a sleepless night in 2023. Plus, they also share what they have learnt from these mistakes so that you can become a better investor yourself over the year ahead. Our featured fund managers include: __ __ Note: You can read an edited transcript below. These interviews were filmed on Tuesday 12 December 2023. https://www.livewiremarkets.com/wires/ouch-12-painful-calls-from-2023/ https://www.livewiremarkets.com/wires/ouch-12-painful-calls-from-2023/edit
We all know 2023 has been a challenging year for investors. And that’s not necessarily because overall returns have been low, but rather because of the extremes we have seen. There have been significant bouts of volatility, although volatility overall is near all-time lows. This is particularly true for the US, where markets have rallied but only seven stocks have done the heavy lifting. Interest rates have surged but nothing has broken... yet. As for the ASX, if not for the 600-odd point rally off the late October low, this year would have been best described as a sideways grind. As it stands, the index is up nearly 7% year-to-date, things are looking decidedly more bullish, and we may just get a fabled Santa Claus rally to top things off. That’s the kind of year it has been – one punctuated by major trends and then smaller countertrends that exist within them. To invest well, you had to know the macro and the micro, consider the extremes, and stay nimble. Most of all, you had to pay attention. With all this in mind, in this episode, we’ve asked our guests to consider the extremes by looking at the dogs and darlings of the ASX in 2023. To do that, we’re joined by First Sentier’s David Wilson and Atlas Funds Management’s Hugh Dive. Plus, we also ask our guests to name one darling (and one dog) for the year ahead. Note: This episode was recorded on Wednesday, 13 December 2023.
Currently, there is a 22% short interest in fallen lithium darling Pilbara Minerals (ASX: PLS https://www.livewiremarkets.com/stock_codes/asx-pls). This is up from around 3.7% a year ago - meaning that today, 22% of the shares in this hard rock lithium miner are shorted. I know what you are thinking... Oh, anonymous writer! Why should I care? After all, Pilbara's share price has sunk around 30% over the last few months, and lithium spodumene prices have suffered a far worse fate. Well, if there is anything we can take away from the great GameStop saga, it's that short squeezes come heavy and fast. And, even a small inkling of positive news can result in a sharp rise in share price, forcing hedge funds and traders to close out their positions to avoid painful losses. So in this episode, Livewire's Ally Selby https://www.livewiremarkets.com/contributors/ally-selby put it to First Sentier's David Wilson https://www.livewiremarkets.com/contributors/david-wilson-first-sentier and Atlas Funds' Hugh Dive https://www.livewiremarkets.com/contributors/hugh-dive for some contrarian analysis of the ASX's most shorted stocks. Plus, they also each name two stocks with big short interests that they are currently buying. Note: This episode was recorded on Wednesday 13 December 2023. You can read an edited transcript below: https://www.livewiremarkets.com/wires/buy-hold-sell-5-of-the-asx-s-most-shorted-stocks-and-2-that-are-big-buys/
The silly season is finally here! So, we thought we'd take a look at some stocks investors could add to their Christmas stockings and hold throughout 2024. After all, nothing spreads joy quite like a few winning stocks. Take Kelsian, Nexgen Energy and CSR, for example, which have seen their share prices rise 20%, 50% and 27% respectively since the beginning of the year. So in this episode, Livewire's Ally Selby was joined by IML's Simon Conn and Firetrail's Eleanor Swanson for their analysis of these three stocks. Plus, they also each name one stock sure to bring investors some holiday spirit. You can read an edited transcript here: https://www.livewiremarkets.com/wires/buy-hold-sell-5-crackers-for-christmas-and-beyond Note: This episode was filmed on Wednesday 29 November 2023.
Last week, the Australian Bureau of Statistics gave the RBA (and investors) an early Christmas present. It was revealed that the monthly consumer price index (CPI) indicator rose 4.9% in the 12 months to October 2023, down from 5.6% in September. This came in below economists' estimates, who had projected a 5.2% rise over the period. Hallelujah! It caps off what was already a good month for equity investors, with the All Ordinaries and its miniature elf helper, the Small Ordinaries, rising 4.2% and 6.6% respectively since the beginning of November. So can investors expect a fabled Santa Rally into the New Year? And if so, which stocks should they be stuffing into their Christmas stockings (and which should they be crossing off their lists?) To find out, Livewire's Ally Selby https://www.livewiremarkets.com/contributors/ally-selby was joined by IML's Simon Conn https://www.livewiremarkets.com/contributors/simon-conn and Firetrail's Eleanor Swanson https://www.livewiremarkets.com/contributors/eleanor-swanson-4c5ec917-1e42-4c71-b833-e6c7f2c12067 - who answered these questions and more. Note: This episode was filmed on Wednesday 29 November 2023. You can read an edited transcript below: https://www.livewiremarkets.com/wires/has-this-latest-inflation-print-greenlit-an-asx-santa-rally/
He’s always watching. He knows who has been naughty and who has been nice. He makes his watchlists. He doesn’t need to check them twice. No, I’m not talking about Santa – he’s far too forgiving. I’m talking about Mr Market. With the end of the year fast approaching (my goodness, it’s already December) it’s time to look back at those stocks that have spent the bulk of the year in the naughty corner. These stocks have been punished by Mr Market all year and will likely be receiving a lump of coal for their troubles. Nothing cleanses like January 1, however, and the question begs: Will these stocks grow wings and rise like a phoenix from the ashes, or are their problems terminal, consigning them to another annus horribilis? To answer those questions, Livewire’s Ally Selby https://www.livewiremarkets.com/contributors/ally-selby is joined by Simon Conn https://www.livewiremarkets.com/contributors/simon-conn from IML and Eleanor Swanson https://www.livewiremarkets.com/contributors/eleanor-swanson-4c5ec917-1e42-4c71-b833-e6c7f2c12067 from Firetrail, who analyse three of the market's poorest-performing stocks from 2023. Plus, they also name one stock on their naughty lists for the year ahead, and what would need to happen for our experts to change their thesis and for the stock to become a buy. Note: This episode was recorded on Wednesday 29 November 2023. You can read the edited transcript below: https://www.livewiremarkets.com/wires/buy-hold-sell-5-stocks-for-your-naughty-list-in-2024
While there are many measures of valuation, a price-to-earnings ratio (or P/E ratio) is probably the most well-known. It's a real bang for your buck ratio, comparing a company's share price to its earnings per share - basically, helping you to assess its value compared to similar companies or a benchmark. A low P/E ratio usually indicates a company is cheap, while a high P/E ratio indicates it is expensive. As effective as P/E ratios are, they don't tell the whole story and sometimes companies trading on a low P/E can have serious flaws. Some discounted stocks are cheap for a reason, others present attractive buying opportunities at bargain prices. One of the key ways to separate the wheat from the chaff is to look at management. Companies with stellar management teams - those who have the drive and business acumen to take a company to the next level - are more likely to be the darlings you are looking for. So in this episode, Livewire's Ally Selby was joined by Tyndall Asset Management's Jason Kim and Forager Funds Management's Steve Johnson for their analysis of three low P/E stocks with top-notch management teams. Plus, they also each named one stock that they would be buying right now. Note: This episode was filmed on Wednesday 15 November 2023. You can read an edited transcript below: https://www.livewiremarkets.com/wires/buy-hold-sell-5-low-pe-stocks-with-top-management-teams
There are many famous fathers. Hippocrates is the father of modern medicine, James Brown is the father of Soul, and Darth Vader is the father of Luke Skywalker. But there is only one father of value investing, and that's none other than Benjamin Graham. Graham, along with the oft-overlooked David Dodd, wrote the classic book on investing: The Intelligent Investor. It’s a staple for anyone who is serious about investing in general, and value investing in particular. The central idea of the book is to approach investing with a long-term focus and to view stocks as ownership in a business, rather than mere pieces of paper to be traded. The text also thoroughly covers the importance of in-depth analysis, risk management, and one of the most enduring principles – a margin of safety. A margin of safety refers to buying a stock at a price below its intrinsic value, so as to provide protection against market gyrations. So, how would the principles laid out The Intelligent Investor stack up today on the ASX? To answer that question, Livewire's Ally Selby https://www.livewiremarkets.com/contributors/ally-selby was joined by Forager Funds Management’s Steve Johnson https://www.livewiremarkets.com/contributors/steve-johnson and Tyndall Asset Management’s Jason Kim https://www.livewiremarkets.com/contributors/jason-kim-4c96e7e2-c963-4670-bd15-ee123177d09a. Note: This episode was filmed on Wednesday 15 November 2023. You can read an edited transcript below. https://www.livewiremarkets.com/wires/how-benjamin-graham-would-invest-on-the-asx/
Momentum investors hitch their wagons to companies with good investor sentiment, often impressive earnings, improving prospects - and most importantly, a rising share price. It's a tried and tested strategy, made famous by American fund manager Richard Driehaus, whose firm, Driehaus Capital Management, reportedly delivered returns of 30% per annum after it was set up in 1982. Often, companies with positive momentum attract other investors, helping push the share price higher. Take Boss Energy (ASX: BOE https://www.livewiremarkets.com/stock_codes/asx-boe), for instance, which has seen its share price soar around 100% this year on positive investor sentiment around uranium. Negative momentum, however, is a different story. Stocks with poor investor sentiment continue to slide down a slippery slope, often burning investors - like you and I - with it. And while yes, some stocks of this nature will be trading on the cheap for a reason, others could be oversold unfairly to the point they are attractive buys. So in this episode, Livewire's Ally Selby https://www.livewiremarkets.com/contributors/ally-selby was joined by Forager Funds Management's Steve Johnson https://www.livewiremarkets.com/contributors/steve-johnson and Tyndall Asset Management's Jason Kim https://www.livewiremarkets.com/contributors/jason-kim-4c96e7e2-c963-4670-bd15-ee123177d09a for their analysis of three stocks that have recently rebounded, re-rated or have continued to skyrocket higher. Plus, they also name two beaten-down darlings that they believe are now big buys. Note: This episode was filmed on Wednesday 15 November 2023. You can read an edited transcript below: https://www.livewiremarkets.com/wires/buy-hold-sell-3-stocks-on-the-rise-and-2-beaten-down-darlings
