Buy Hold Sell, by Livewire Markets

Buy Hold Sell: 3 underperforming blue chips and 2 winners

They're big, they're bold, but they've been bleeding red through investors' portfolios. Over the past 12 months, ASX darlings CSL (ASX:CSL), Brambles (ASX:BXB) and Coles (ASX:COL) have haemorrhaged 15.69%, 2.67% and 2.23%, respectively, making them the only three S&P/ASX20 stocks to fall into the red over the past year. 

So is it time to cut our losses or top-up? In this episode of Buy Hold Sell, we are sending these three big caps to the surgeon's theatre to see whether an economic infusion or two can bring these stocks back to life. 

Centennial Asset Management's Matthew Kidman is joined by Airlie Funds Management's Emma Fisher and Alphinity Investment Management's Stuart Welch to throw on some scrubs and put these three red giants under the knife. 

Plus, our fundies share one S&P/ASX20 stock that they believe still has plenty of upside ahead of it. 

Note: This episode was filmed on 30 March 2021.

Where exactly are we in the recovery?

As Winston Churchill memorably put it in 1940, after a year in which Britain almost succumbed to a different sort of wide-ranging existential threat that the world faced down in 2020: "We're not at the beginning of the end but the end of the beginning."  

It was an observation that reset expectations soberly and sanely, summoning the blood and stiffening sinews. And all of us surveying the current economic moment to gauge precisely where we're at could probably use a bit of the same clear-eyed judgment.

Cue Airlie Funds Management's Emma Fisher and Alphinity Investment Management's Stuart Welch who both argue we are halfway through the economic recovery having clambered out of the pit of despair that gripped markets 12 months ago

In this episode of Buy Hold Sell, Centennial Asset Management's Matthew Kidman finds out how they are positioning their portfolios in the current environment. Plus, Emma and Stuart share one stock that they believe has emerged stronger from the COVID-19 crisis.

Buy Hold Sell: 5 stocks with cyclical tailwinds

Value investors are hailing the beginning of a new era, with many throwing their hard-earned cash at cyclical stocks, such as industrials and retailers, as pandemic conditions recede.

True - we're not out of the COVID-woods yet (we send our best wishes to Brisbane and Byron). But the rest of Australia is beginning to believe that Easter might indeed signal the beginning of a much-vaunted economic boom.

In this episode of Buy Hold Sell, Centennial Asset Management's Matthew Kidman sits down with Airlie Funds Management's Emma Fisher and Alphinity Investment Management's Stuart Welch to get their thoughts on James Hardie (ASX:JHX), Harvey Norman (ASX:HVN), Super Retail Group (ASX:SUL), Mineral Resources (ASX:MIN), and Incitec Pivot (ASX:IPL).

So, is it bargains galore for these cyclical stocks? Watch the episode to find out.

Buy Hold Sell: 5 undervalued growth stocks

Everyone loves a bargain. It's a proclivity that sees us stampede shopping malls on Boxing Day, walk the extra block for a cheaper coffee and celebrate when we uncover a stock that has been undervalued by the market. In this way, we are all united in our worship at the alter of a good discount. 

But finding growth at a discount - well that can be a challenge. Particularly given historically low-interest rates and all. 

In this episode of Buy Hold Sell, we take it to the experts to scour the small and micro end of the market to analyse five stocks trading at a discount with potential for growth. 

Livewire Markets' Ally Selby is joined by small and micro-cap aficionados James Dougherty from Lennox Capital Partners and Nick Guidera from Eley Griffiths Group, who together put five growth contenders to the test. And you better grab a notepad, because - spoiler alert - our fundies don't utter a single "sell" call in this entire episode. 

Note: This episode was filmed on 17 March 2021.

How to uncover the next Afterpay

Everyone has an Afterpay story. Or at least, most of the investors I know. Personally, I was told by multiple analysts to invest in early 2018, when its share price was trading around $7. I didn't. Isn't retrospect a funny thing.

And while Afterpay's great ascent is certainly a story for the ages, it's hardly a unique one at that. Blackmores, A2 Milk, Northern Star Resources, Dominos, and Fortescue Metals Group (to name a few) also - at some point in time - boasted similarly soaring share prices.

In this episode of Buy Hold Sell, Livewire Market's Ally Selby was joined by micro-cap experts James Dougherty from Lennox Capital Partners and Nick Guidera from Eley Griffiths Group, for their tips on finding the next undiscovered gem. Plus, our fundies shared one stock that they believe can climb its way up the index to the S&P/ASX20. You're welcome.

Buy Hold Sell: 5 undiscovered micro-cap gems

They used to say "Great things come to those who wait." But it took Abraham Lincoln to realise "Great things may come to those who wait, but only the things left behind by those who hustle."

And (segue alert) it seems that Australia's micro caps have been doing just that: hustling.

The MSCI Australia Micro Cap Index returned 36.34% over the past 12 months (to Feb 26). An undeniably impressive gain, compared to the S&P/ASX200's 3.6% return over the same period. 

In this episode of Buy Hold Sell, Livewire's Ally Selby, as well as micro-cap experts James Dougherty from Lennox Capital Partners and Nick Guidera from Eley Griffiths Group, put five undiscovered micro-cap gems to the test. 

And believe us, there's a few in there to put on your watchlist. 

Buy Hold Sell: 3 stocks smashing expectations and 2 overlooked winners

As Kurt Vonnegut once wrote, "peculiar travel suggestions are dancing lessons from God.” I don't know quite what he meant either, but what I do know is that, peculiar or not, the market seems ready to believe we're all in a much better place to consider travel and all that comes it - getting all sparkly for some fine wining and dining, for example - than it has for some time.

After all, Webjet, Lovisa and Treasury Wine Estates remarkably smashed expectations this reporting season, despite the vigorous headwinds COVID hurled their way.

In this episode of Buy Hold Sell, Centennial Asset Management's Matthew Kidman puts these three expectation-smashing stocks on the chopping block, to see if Aberdeen Standard Investments' Michelle Lopez and Monash Investors' Simon Shields are throwing their cash at these stocks as they climb higher. Plus they share one pick that they think has been overlooked by the market.

Volatility ahead, why these fundies aren't selling yet

Well, that's a wrap on reporting season, and what a boomer of a season it was. Data provided by FNArena shows that February 2021 had the lowest percentage of companies to miss expectations ever recorded. It comes after ABS data revealed that Australia experienced a second quarter of GDP growth of over 3% in Q4 2020. 

It's not all fun and games though. While the beats have been numerous, markets remain choppy. Last week the NASDAQ lost over 6% and the ASX All Ords is down 2%. So what will this mean for markets?

To answer this, Matthew Kidman is joined by Aberdeen Standard's Michelle Lopez and Monash Investors' Simon Shields as the trio reflect on reporting season, rising bond yields and the rotation from COVID-winners to losers.

Buy Hold Sell: 3 outstanding results and 2 shockers

In the words of Curb Your Enthusiasm and Seinfeld creator Larry David, there is no denying that February's reporting season was Pretty, pretty ... pretty good.

Nearly half of the company's that reported their half-yearly results beat analyst expectations, while 61 stocks received upgrades. Cyclical sectors like Mining, Resources, Materials, and Financials were top performers during the month, rising 6.4%, 6.0%, 5.8%, and 3.6%, respectively.

However, it wasn't all rosy, with a handful of not-so-impressive reports resulting in cascading share prices and 43 broker downgrades. In this episode of Buy Hold Sell, Centennial Asset Management's Matthew Kidman speaks to Aberdeen Standard Investments' Michelle Lopez and Monash Investors' Simon Shields for their take on the winners and losers of reporting season, and what they are still buying despite both the good and bad news.

Buy Hold Sell: 3 tech titans and 2 long-term winners

Those who invested in tech titans Tesla, Tencent and Microsoft at their listings are no doubt laughing all the way to the bank (a brief stopover, before jumping aboard their 500-foot superyacht in the Maldives to celebrate their success with the world's finest caviar and a case of Cristal).

Why? Well, at IPO, Tesla's shares were just US$17, Tencent's shares were HK$3.70, while Microsoft's were just US$21, returning a whopping 4,265%, 18,468% and 1017% respectively since then. But are these companies midway to the stratosphere, or is this the end of the ride?

In this episode of Buy Hold Sell, Livewire Markets' Ally Selby spoke to Magellan's Vihari Ross and Montaka's Chris Demasi for their take on these three mega caps, as well as two stocks that they believe will rain returns for investors over the long term.

Do you have any questions for our fundies?

Next week, Aberdeen Standard's Michelle Lopez and Monash Investors Simon Shields will take you through the highs and lows of reporting season, as well as how they have positioned their portfolios since. If you have any questions for our fundies - whether it be on tips for assessing results or stock-specific analysis - let us know in the comments section below.