Buy Hold Sell, by Livewire Markets

Buy Hold Sell: 5 crackers for Christmas and beyond

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.  

 

 

Has this latest inflation print greenlit an ASX Santa Rally?

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 was joined by IML's Simon Conn and Firetrail's Eleanor Swanson - 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/

Buy Hold Sell: 5 stocks for your naughty list in 2024

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 is joined by Simon Conn from IML and Eleanor Swanson 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 

Buy Hold Sell: 5 low P/E stocks with top management teams

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 

How Benjamin Graham would invest on the ASX

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 was joined by Forager Funds Management’s Steve Johnson and Tyndall Asset Management’s Jason Kim. 

 

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/ 

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.