Buy Hold Sell, by Livewire Markets

If you feel like your portfolio has taken a hit over the last month, spare a moment of silence for shareholders in stocks like Johns Lyng Group, Audinate, Tabcorp, Megaport, A2 Milk, Kelsian, Mineral Resources, EML Payments, Yancoal, Star Entertainment, Cettire, Liontown, Neuren Pharmaceuticals, Red Hill Minerals, and Boss Energy. 

All in all, 117 companies in the All Ords shed more than 10% during the month, 29 saw their share prices fall more than 20%, and eight tumbled more than 30%. For context, the All Ords itself ended the month pretty much flat. 

So, in this episode, Centennial Asset Management's Matthew Kidman was joined by First Sentier Investors' David Wilson and Medallion Financial's Michael Wayne for their analysis of three stocks that have been smashed over the past month in the hunt for some value on the ASX. 

Plus, the fundies also name two stocks they believe have serious upside ahead of them.  

Note: This episode was recorded on Tuesday 27 August 2024. You can read the transcript below. 

https://www.livewiremarkets.com/wires/buy-hold-sell-3-stocks-that-have-been-smashed-and-2-big-buys 

Just like the leaders and losers of the ASX 200 in 2024, the August reporting season has been a tale of two halves. 

According to FNArena's corporate results monitor, 36% of companies have missed analyst expectations this results season, while 30.4% have delivered beats. 33.7% of companies delivered results that were in line with analyst expectations. Unsurprisingly, there have been more downgrades than upgrades over the past month. 

So, to help you digest the good, bad and (let's face it, mostly) ugly of the FY24 earnings season, Centennial Asset Management's Matthew Kidman was joined by Medallion Financial's Michael Wayne and First Sentier Investors' David Wilson. 

They analysed some of the recurring themes that emerged over the last month, revealed whether they have made any portfolio changes in light of these, and named some of the companies that really impressed with their results. 

Plus, they share the company that they think had the worst result this August. 

Note: This episode was recorded on Tuesday 27 August 2024. You can read an edited transcript below. 

https://www.livewiremarkets.com/wires/the-best-and-worst-results-this-reporting-season/ 

We've seen some real whiplash market moves this reporting season. Take Megaport, for instance, which fell 21% in one trading day. Or Audinate, which fell 36% on its preliminary results. Or, on the other side of that, WiseTech, which soared more than 18% on its stellar report.

But what about the stocks that didn't move, or hardly moved at all - despite releasing solid results this reporting season?

In this episode of Buy Hold Sell, Centennial Asset Management's Matthew Kidman was joined by First Sentier Investors' David Wilson and Medallion Financial's Michael Wayne for their analysis of three stocks that did just that.

Plus, they named two solid results that believe could make major market moves in the next few months.

Note: This episode was recorded on Tuesday 27 August 2024. You can read the edited podcast below. https://www.livewiremarkets.com/wires/buy-hold-sell-5-solid-results-the-market-missed 

Cash flow is a great measure that allows investors to get a good look at how well a company is balancing its earnings against its expenses.

Companies with positive and growing cash flows can hire talented people, invest in innovation, make acquisitions, buy back shares and pay dividends. And there are a few companies on the ASX that are currently spewing out a LOT of cash.

So, in this episode, Livewire's Ally Selby was joined by Perpetual's Nathan Hughes and Hayborough's Ben Rundle for their analysis of three highly cash-generative stocks. Plus, they each name two cash flow kings of their own.

Note: This episode of Buy Hold Sell was recorded on Wednesday 14 August 2024. You can read an edited transcript below.

https://www.livewiremarkets.com/wires/buy-hold-sell-5-stocks-spewing-out-a-hell-of-a-lot-of-cash 

Management teams can make or break a business. Good management teams focus on a company's long-term success, are aligned with shareholders, and are usually good stewards of capital. 

Bad management teams, however, may make "transformational acquisitions" that aren't in the best interest of a business, take on too much debt, dilute shareholders, and are more focused on the short term. 

Management teams - whether they be founders or hired suits - are particularly important to the success of small and mid-cap companies. These companies need aligned and driven leaders to help navigate the many economic potholes they will likely encounter, and help steer the team so a business can continue on its path to growth. 

So, in this episode of Buy Hold Sell, Livewire's Ally Selby was joined by Perpetual's Nathan Hughes and Hayborough's Ben Rundle for their tips on distinguishing the best management teams in the business. 

Plus, they name their favourite management teams across technology, financials, retail, healthcare and resources. 

Note: This episode of Buy Hold Sell was recorded on Wednesday 14 August 2024. You can read an edited transcript below.

https://www.livewiremarkets.com/wires/the-13-best-small-and-mid-cap-management-teams-on-the-asx

Like most things in life, stock sell-offs come down to simple supply and demand. If there are more sellers than buyers, a company's share price will fall.

But in today's market, nearly 30 companies now trade at 52-week lows and many others have suffered double-digit losses over the last 12 months.

So, are these oversold companies value traps or investable opportunities?

To find out, Livewire's Ally Selby was joined by Perpetual's Nathan Hughes and Hayborough Investment Partners' Ben Rundle.

They analyse three oversold companies and also name two beaten-down stocks that they believe are a buy today.

Note: This episode of Buy Hold Sell was recorded on Wednesday 14 August 2024. You can read an edited transcript below.

https://www.livewiremarkets.com/wires/buy-hold-sell-5-oversold-asx-stocks 

Growth stocks had been on a tear in 2024, with investors betting big on rate cuts at the end of the year and throughout 2025. The last month, however, has been a slightly different story. 

The NASDAQ 100 has dropped more than 13% since hitting a peak on July 10. And while our local tech tracker, the S&P All Tech Index (XTX) held up relatively well throughout July, the index crashed 8% in the first week of August. 

While the last week has been painful for many investors, growth stocks are now far cheaper than they were a few weeks ago. So, is now the time to load up on some of these names? 

To find out, Livewire's Ally Selby was joined by Marcus Today's Henry Jennings and Market Matters' James Gerrish for their analysis of five of the fastest-growing stocks on the ASX - according to earnings per share (EPS) expectations for FY25. 

Happy bargain shopping! 

Note: This episode was recorded on Wednesday 31 July 2024. You can read an edited transcript below.

https://www.livewiremarkets.com/wires/buy-hold-sell-5-of-the-fastest-growing-stocks-on-the-asx-for-fy25 

It's no secret that the ASX is incredibly concentrated. 50% of the ASX 200 is made up of banks and miners. In the top 10 stocks on the ASX alone, only three (CSL, Wesfarmers and Goodman Group) don't fit within the financial or materials sectors.

The S&P/ASX 200 Financials index has risen 23.99% over the last 12 months, while the Banks index has pushed 27.82% higher. All the indices that track materials and miners, on the other hand, are in the red - except for the index tracking gold companies, which has soared 19.04%. For context, the ASX 200 has lifted 8.88% in the last 12 months. 

So, is concentration a curse? Or should we be putting our trust in Mr Market to get it right?

To find out, Livewire's Ally Selby was joined by Market Matters' James Gerrish and Marcus Today's Henry Jennings. 

They share the risks and opportunities that come with concentration, how they are positioned on banks and miners, as well as one theme (and one stock) they are really excited about over the next 12 months. 

And just because we love a dash of drama, we also asked our guests to name a big bank or miner that they would rate a "STRONG SELL" today. 

Note: This episode was recorded on Wednesday 31 July 2024. You can read an edited transcript below.

https://www.livewiremarkets.com/wires/50-of-the-asx-is-banks-and-miners-should-you-bet-against-the-market 

It's not shaping up to be an easy reporting season, with weakening consumer sentiment and business conditions, as well as a softening labour market, taking a toll on Australia's listed companies. 

That said, while analysts believe earnings will disappoint this August results season, with Goldman Sachs and Macquarie predicting a 3.8% and 6% drop respectively, they dangle the carrot for investors - arguing that earnings will rebound over the year ahead. 

So which stocks could surprise investors, beating expectations this results season? 

To find out, Livewire's Ally Selby was joined by Marcus Today's Henry Jennings and Market Matters' James Gerrish for their analysis of three stocks that could beat consensus predictions for their earnings result this August. 

Plus, they also put their necks on the line and each name a stock that they believe will crush it with an earnings beat. 

Note: This episode was recorded on Wednesday 31 July 2024. You can read an edited transcript below. 

https://www.livewiremarkets.com/wires/buy-hold-sell-5-stocks-likely-to-surprise-to-the-upside-this-reporting-season 

There are many market maxims that investors hold close to their hearts. Here are just a few of them:

• It's time in the market not timing the market.
• Buy the rumour, sell the fact.
• Be fearful when others are greedy. Be greedy when others are fearful!
• It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong. 

But perhaps one that should also be added to the list is "Two views make a market" - highlighting that to buy shares in a company, someone has to be willing to sell them - and vice versa. 

So in this episode, Livewire's Ally Selby was joined by Loftus Peak's Alex Pollak and Magellan's Alan Pullen for a bit of a challenge. 

We've tasked our fund managers to analyse each other's highest-conviction ideas in their portfolios today - including stocks like Netflix (NASDAQ: NFLX), Meta Platforms (NASDAQ: META), Amazon (NASDAQ: AMZN) and SAP SE (NYSE: SAP). 

Plus, they also each name a stock that they would dub a high-conviction "SELL". As you'll soon find out, both of these stocks have sunk into the red in the past week. 

Note: This episode was filmed on Wednesday 17 July 2024. You can read an edited transcript below. 

https://www.livewiremarkets.com/wires/buy-hold-sell-2-high-conviction-fundies-analyse-each-other-s-top-picks/