Buy Hold Sell, by Livewire Markets

Buy Hold Sell: 3 heavily sold-off stocks (and 2 now on fundies’ radars)

If there was one theme that stood out to this anonymous writer this February reporting season, it was that companies that missed earnings expectations were hammered by investors. 

Think Downer (ASX: DOW), which has seen its share price sink more than 16% after it missed consensus forecasts by -12% (and downgraded guidance by -18%, after already downgrading by -15% in December). Or Domino's (ASX: DMP), that share price of which has plummeted nearly 37% since it missed expectations in its half-yearly result. Or Star Entertainment (ASX: SGR), which has seen its share price fall nearly 15% since it reported results - with net profit after tax missing consensus by -14%.

But they say you should buy when there's blood in the streets... 

So in this episode, Centennial Asset Management's Matthew Kidman was joined by Firetrail Investments' Blake Henricks and Market Matters' James Gerrish to analyse these three heavily sold-off stocks. 

Plus, they each point to one stock that is on their radar (or has been recently added to their portfolio) off the back of results season. 

Note: This episode was filmed on Wednesday 8th March 2023. You can read an edited transcript below: 

https://www.livewiremarkets.com/wires/buy-hold-sell-3-heavily-sold-off-stocks-and-2-now-on-fundies-radars 

The 10 best ASX management teams right now

As anyone who has worked under a manager knows, leaders can make or break a business. A good leader will bring out the best in their team, hone their skills, and inspire them to achieve more than they thought was possible themselves. 

Bad leaders, well, do exactly the opposite.

Recently, one of our readers requested that we produce a refresher on the top management teams in the country. And, off the back of an incredibly challenging first half of the financial year 2023, there's no time like the present. 

So, in this episode, you'll learn which management teams have demonstrated their leadership prowess, steering their employees and business onto greater success amid an ever-challenging macro environment. 

Here, Centennial Asset Management's Matthew Kidman was joined by Market Matters' James Gerrish and Firetrail Investments' Blake Henricks to identify the crème de la crème of ASX-listed leaders across the energy, resources, tech, healthcare and consumer discretionary sectors. 

Note: This episode was filmed on Wednesday 8 March 2023. You can read an edited transcript below.

https://www.livewiremarkets.com/wires/the-10-best-asx-management-teams-right-now 

Buy Hold Sell: 3 cracking results and 2 disappointments

We are done and dusted with another reporting season, and what a month it was. Stocks were heavily sold off on earnings misses, soared on earnings beats, and ended up pretty much where they started once the dust settled. 

Throughout this earnings season, two themes stood out. Wages growth reigned supreme as a widespread headwind for many companies - not only those based in Western Australia but across the board, while previously inflated cost pressures finally started to abate.

According to FNArena, 32.8% of stocks missed earnings expectations, 38% were in line and 29.3% beat estimates over the past month. 

So in this episode, Centennial Asset Management's Matthew Kidman was joined by Firetrail Investment's Blake Henricks and Market Matters' James Gerrish for their analysis of three stocks whose results shot the lights out during the February reporting season. 

Plus, they also each name one company that disappointed investors with a less-than-desirable result. 

Note: This episode was filmed on Wednesday 8 March 2023. You can read an edited transcript below:

https://www.livewiremarkets.com/wires/buy-hold-sell-3-cracking-results-and-2-disappointments 

Buy Hold Sell: 3 stocks making headlines (and 2 with major catalysts on the horizon)

There's a well-known maxim that all budding journalists are taught on their first day in a newsroom - bad news sells. 

Sure, it's nice to read about markets going up and the magic of compounding, or the wonderful contributions people are making in our communities, but really, planes crashing, corrupt companies, cyber hacks, and unfortunate public blunders are much more likely to get the eyeballs. 

But Livewire isn't your average news site. So in this episode, we thought we would take a look at some of the companies making headlines for the right reasons (and some that are definitely not). 

Livewire's Ally Selby was joined by Forager Funds Management's Chloe Stokes and Alphinity Investment Management's Mary Manning for their analysis of these three newsworthy stocks. 

And, getting our crystal balls out, they also each name a company that could be making headlines (for all the right reasons) in the near future. 

Note: This episode was filmed on Wednesday 22 February 2023. You can read the edited transcript below:

https://www.livewiremarkets.com/wires/buy-hold-sell-3-stocks-making-headlines-and-2-with-major-catalysts-on-the-horizon 

4 stocks for offence and defence for today’s volatile markets

Lately, it seems like hopes of a central bank pivot have been quashed.

The RBA recently made a surprise about-face to a more hawkish policy position, while the Federal Reserve continues to hint at rates staying higher for longer.

As you'd expect, investors have been following central bank statements like gospel. But markets are forward-looking and most of the world's indices are currently in the black in 2023.

So in this episode, Alphinity's Mary Manning and Forager's Chloe Stokes share their outlook on interest rates and recession, as well as their top stock picks for offence and defence in this environment.

Note: This episode was filmed on Wednesday 22 February 2023. You can read the edited transcript below:

https://www.livewiremarkets.com/wires/4-stocks-for-offence-and-defence-for-today-s-volatile-markets/ 

Buy Hold Sell: 4 quality stocks for value AND growth

According to Christian teachings, the Holy Trinity refers to the idea that God is one being but can be seen in three different lights.

And although this anonymous writer is an atheist, there is another Holy Trinity I believe investors should get behind - the intersection of Quality, Value, and Growth. 

Instead of following just one factor (for example, the great war between good and evil - or as I like to call it, value and growth), why not invest in a high-quality company that boasts both characteristics? 

So in this episode, Livewire's Ally Selby was joined by Alphinity Investment Management's Mary Manning and Forager Funds Management's Chloe Stokes for their analysis of two quality stocks with growing revenues or earnings, trading at an attractive price. 

Plus, our guests also each name one "holy trinity" stock of their own. 

Note: This episode was filmed on Wednesday 22 February 2023. You can read the edited transcript below:

https://www.livewiremarkets.com/wires/buy-hold-sell-4-quality-stocks-for-value-and-growth 

Buy Hold Sell: 3 stocks with ultra-low PEs (and 2 darlings to drop)

Despite our good intentions, our behavioural biases can often get in the way of making good investment decisions. As Benjamin Graham wrote, "The investor's chief problem - and even his worst enemy - is likely to be himself." 

So how do you lessen the likelihood of a behavioural blunder? Just like everything in investing - there is no easy answer. But simple tools such as price-to-earnings ratios may help. 

Traditionally, stocks with high PE ratios are considered overvalued - with investors paying up for promises of future growth. But are lower PE stocks always better value? 

To find out, Livewire's Ally Selby was joined by Merlon Capital Partners' Neil Margolis and Totus Capital's Ben McGarry for their analysis of three of the lowest PE names on the ASX. 

Plus, for a little dash of drama, we asked them to name one crowded darling that could drop from here. 

Note: This episode was filmed on Wednesday 8 February 2023. You can read the edited transcript below: 

https://www.livewiremarkets.com/wires/buy-hold-sell-3-stocks-with-ultra-low-pes-and-2-darlings-to-drop 

 

5 high conviction calls from 2022’s top-performing fund managers

It takes a certain chutzpah to stick to your strategy in wildly volatile markets. And for these two managers, it certainly paid off. 

Merlon's Concentrated Australian Share Fund delivered a return of more than 22.30% over the past year, while its Australian Share Income Fund lifted just over 18.08%. 

Similarly, alternatives manager Totus Capital had a stellar year, with its Alpha Long Short Fund delivering a return of 9.44% over the past 12 months, and its Alpha Fund a return of 10.52%. 

So what did it take to be a top-performing manager in 2022? And how are these portfolios positioned for the months ahead? 

In this thematic episode of Buy Hold Sell, Livewire's Ally Selby was joined by Merlon Capital Partners' Neil Margolis and Totus Capital's Ben McGarry for an insight into their strategies, as well as their highest conviction stock picks for the year ahead. 

Note: This episode was filmed on Wednesday 8 February 2023. You can read the edited transcript below: 

https://www.livewiremarkets.com/wires/5-high-conviction-calls-from-2022-s-top-performing-fund-managers 

Buy Hold Sell: 5 stocks for the run in resources

Last year, metals, mining and energy stocks performed spectacularly well. Scan a list of the best performers from 2022, and it's really only coal, lithium, and oil and gas exposures that took out the top spots. 

Think names like Whitehaven Coal, New Hope, Core Lithium, Woodside Energy Group, Coronado Global Resources, Stanmore Resources, and Yancoal - these resources plays delivered double-digit, and in some cases triple-digit returns in a year when the rest of the market fell flat. 

But can resource stocks continue to run over the year ahead? In this episode, Livewire's Ally Selby is joined by Totus Capital's Ben McGarry and Merlon Capital Partners' Neil Margolis for their analysis of three topical resource names right now. 

Plus, they also name their top pick within the mining and energy sectors for the year ahead. 

Note: This episode was filmed on Wednesday 8 February 2023. You can read the edited transcript below: 

https://www.livewiremarkets.com/wires/buy-hold-sell-5-stocks-for-the-run-in-resources 

Buy Hold Sell: Your top large caps for 2023 (and 2 that should have made the list)

Your top-tipped large caps from 2022 performed suspiciously well. Either readers like you have access to a working crystal ball, or you know far more than the professionals would let on. 

Aided by the stellar performance of Mineral Resources and Woodside, your favourite large caps delivered a total return of 14.35%, far more than the -5.5% drop of the benchmark S&P/ASX 200 during the year. 

So can you back it up again in 2023? As you'll find out in this episode, the experts certainly think so. In fact, not one of the five most-tipped large caps for the year ahead has been dubbed a "sell". 

Livewire's Ally Selby was joined by Marcus Today's Henry Jennings and Medallion Financial's Michael Wayne for their analysis of CSL, BHP Group, Macquarie Group, Mineral Resources and Woodside. 

Plus, we also asked our guests to name one large-cap stock they think should have made your 2023 list instead.  

Note: This episode was filmed on Wednesday 24th January 2023. You can read an edited transcript below:

https://www.livewiremarkets.com/wires/buy-hold-sell-your-top-large-caps-for-2023-and-2-that-should-have-made-the-list