Buy Hold Sell, by Livewire Markets
Business:Investing
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
Buy Hold Sell: 3 outstanding results and 2 shockers
Buy Hold Sell: 3 tech titans and 2 long-term winners
Why these fundies are still bullish on tech platforms
Buy Hold Sell: 3 global giants and 2 due for a pullback
Buy Hold Sell: The 5 highest-yield stocks on the ASX
Where to find sustainable income and 2 traps to avoid
Buy Hold Sell: 5 high-yield small caps
Buy Hold Sell: The 5 most-tipped small caps
How you can sell like the experts
Buy Hold Sell: Readers' large-cap picks
The best stocks to buy in a sell-off
The #1 stock picks for 2021
Ouch! 10 awful calls from 2020
Positioning portfolio's for 2021
Buy Hold Sell: 5 of the most traded stocks
Buy Hold Sell: 3 popular and 2 overlooked 'value' stocks
5 all-weather stocks
Is growth at a reasonable price possible in 2020?
Buy Hold Sell: 5 stocks ready to take flight
Buy Hold Sell: 5 bulletproof growth stocks
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