Buy Hold Sell, by Livewire Markets

Buy Hold Sell: 3 stocks on the rise (and 2 beaten-down darlings)

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), 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 was joined by Forager Funds Management's Steve Johnson and Tyndall Asset Management's Jason Kim 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 

Buy Hold Sell: 7 stocks trading at 52-week lows

We all love a bargain. That's why Black Friday, Cyber Monday and Boxing Day sales take the world by storm, or why we justify buying two items for the price of one at the grocery store when we weren't planning on purchasing that item in the first place. 

Searching for stocks near or at 52-week lows is similarly a bargain hunter's paradise. 

These stocks usually have negative momentum, which means they have more sellers than buyers and investor sentiment is typically poor. And while some stocks may be cheap for good reason – just like that heavily discounted two-for-one item at the grocery store – others may be undervalued and oversold.

So in this episode of Buy Hold Sell, Martin Currie’s Reece Birtles and SG Hiscock's Hamish Tadgell joined Livewire's Chris Conway to analyse three stocks that are hitting or at all-time lows.

Plus, they also analyse four stocks from the heavily sold-off REIT and infrastructure sectors. 

Happy bargain hunting, my friends. 

Note: This episode was filmed on Wednesday 1 November 2023. 

How to find value on the ASX

Like Elvis, 'momentum' and 'growth' have left the building. It's possible they won't be seen for a while, either. 

The void is set to be filled by 'quality' and 'value' - two factors which were second and third string for the decade money was free. How times have changed. 

There is nothing to be feared, however. The great thing about a market selloff is that it creates value opportunities in stocks that were previously too expensive.

So, we thought we'd dust off the old playbook and remind everyone of how to play the game of value. 

What better place to do that than in Melbourne - ranked the world's most liveable city for most of the aforementioned decade. And who better to do it with than Martin Currie’s Reece Birtles and SG Hiscock and Company’s Hamish Tadgell.

Our guests share what value means to them, the common mistakes value investors make, how much value they're seeing on the ASX right now, and which sectors they like and don't like. 

It wouldn’t be Buy Hold Sell without some stock picks, so we’ve asked the gents to bring along an example of a high-conviction stock pick that they believe is underappreciated by the market.

Note: This episode was filmed on Wednesday 1 November 2023. 

Buy Hold Sell: 5 stocks backed by fund managers

Investing on the ASX has been pretty volatile since the beginning of the year. Some stocks have soared to new highs, while others have plummeted to reach new lows. 
All in all, the market really hasn't gone anywhere - which doesn't bode well for the future, considering that we have had 400 bps of interest rate rises over the past 18 months - and it's looking very likely that will become 425 bps in a few day's time. 

So where can investors find value on the ASX? 

To find out, Livewire's Chris Conway was joined by Martin Currie's Reece Birtles and SG Hiscock & Company’s Hamish Tadgell for their analysis of five stocks both of them believe investors can either buy or hold right now. 

That's right, none of the stocks in this episode are sells...

... But please - FOR THE LOVE OF GOD - do your own research before buying any of the names on this list. Ok? Appreciate you. 

Note: This episode was filmed on Wednesday, 1 November 2023.

Buy Hold Sell: 5 hot ASX-listed stocks

It's not easy to break the internet, figuratively speaking, of course. 

There was the "Ice Bucket Challenge" of 2014, which took the world by storm and raised around US$220 million for ALS. Then, of course, there was Kim Kardashian's risque photoshoot with Paper Magazine, and more recently, Will Smith slapping Chris Rock at the Academy Awards, Taylor Swift's Eras concert tour and dating life, and the Barbenheimer cultural phenomenon. 

Virality in today's fast-paced world is often fleeting. And what has gripped the globe today is unlikely to remain relevant in the future. 

But does the same go for stocks? 

In this episode, Livewire's Ally Selby was joined by Perpetual Asset Management's Anthony Aboud and WaveStone Capital's Catherine Allfrey for their analysis of three of the hottest stocks on the ASX right now. 

Plus, they also each name one stock that is making headlines for all the right reasons (unlike a few of the celebrity names on the list above). 

Note: This episode was filmed on Tuesday 17 October 2023.

Lessons from Australian funds management legends

To become a successful investor, you must be humble and willing to learn from your mistakes.

As Micheal Jordan famously said:

"I’ve missed more than 9,000 shots in my career. I’ve lost almost 300 games. 26 times I’ve been trusted to take the game-winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed."

So in this episode, Livewire's Ally Selby was joined by two of the Australian funds management industry's all-star investors, Catherine Allfrey from WaveStone Capital and Anthony Aboud from Perpetual Asset Management.

They cut through the market noise, highlight some management teams that they particularly like, and share which investment decision really put them on the map.

They also share some of the biggest mistakes they've made in their 25+ years in the market and, more importantly, the key lessons they learned over that time.

Note: This episode was filmed on Tuesday 17 October 2023. You can read an edited transcript: 

https://www.livewiremarkets.com/wires/lessons-from-the-goats-of-australian-funds-management 

Buy Hold Sell: 3 stalwart stocks (and 2 that no longer make the grade)

There are some companies that seem to have been around forever, delivering year in and year out. 

Just like a trusty car that has done 500K clicks but still runs like new, a favourite pair of blue jeans that can't be thrown away, or a reliable childhood friend, these stocks have been woven into the fabric of Australian investing - and most investors, both punter and professional alike, are likely to have run the ruler over these companies' balance sheets at various points in time. 

So, which stocks are quintessential ASX names and, more importantly, are they worth investing in right now?

To help answer those questions, Livewire's Ally Selby was joined by Perpetual Asset Management’s Anthony Aboud and WaveStone Capital’s Catherine Allfrey for their analysis of three ASX stalwart stocks (all with 27 years or more listed history). 

Plus, they also share one ASX-listed company they have covered extensively over their investing careers that is no longer in their good books. 

Note: This episode was filmed on Tuesday 17 October 2023. 

Buy Hold Sell: 3 all-weather businesses (and two that no longer make the grade)

At the recent Livewire Live event, Mary Manning from Alphinity outlined the bull case for Ferrari and summed it up nicely by saying that regardless of the economic conditions, people are going to want to buy Ferraris - such is the power of the Ferrari brand. 

There are some businesses that, due to a combination of the segment that they operate in, the power and universal appeal of their brand, and the demand for their products, are much better at weathering the economic cycle.  

On this edition of Buy Hold Sell, host David Thornton is joined by Nikki Thomas from Magellan and Adam Chandler from Claremont Global, as they run the ruler over a handful of all-weather businesses to see how they stack up. 

Make sure to watch the episode to find out which tech titan they both rate as a Buy, as well as the one stock they each highlight that no longer makes the grade. 

Note: This episode was filmed on September 20, 2023.

From 55,000 stocks to the chosen few: How to hunt for the world’s best opportunities

At last count, there are more than 55,000 publicly-listed companies across the globe. 

That is a wealth of opportunity in anyone's language and it begs the question, how on earth does anyone decide what and where to invest in? 

This is where the value of a fund manager really comes into play. Not only do fund managers each have an investment style that they pursue - whether it be growth, value, income, etc. - they also have a robust process for whittling down the plethora of available opportunities, to a portfolio of all-star stocks. 

It's no easy feat, either - as we all know. 

Fund managers need to have enough flexibility in their investment process to cater to changing market conditions and themes, but also be disciplined in their application of the process, to ensure they don't stray from their mandate, nor overreact when times are tough. 

To shed some light on this balancing act and to share some insights into their processes, host David Thornton was joined by Nikki Thomas, from Magellan and Adam Chandler from Claremont Global. 

Plus, they also outline the thesis on a high-conviction holding in their portfolios right now. 

Note: This episode was filmed on September 20, 2023.

Buy Hold Sell: 5 high quality stocks in the world right now

When the investing landscape turns to custard, invariably one term gets bandied around - "quality". 

Quality is the investment style that is designed to see you through all the peaks and troughs of the economic cycle. 

Quality targets companies with consistent track records, strong management, dependable earnings, and healthy balance sheets. The style has been around for decades and its popularity is backed by evidence. 

With the global economic and investing landscape becoming increasingly challenged, particularly as economies grapple with soft landings versus full-blown recession, quality is rising once again. 

On this edition of Buy Hold Sell, host David Thornton is joined by Nikki Thomas from Magellan and Adam Chandler from Claremont Global to hunt for the highest quality stocks in the world.

Note: This episode was filmed on September 20, 2023.