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: 5 pandemic-proof small caps
Digging for gems in the commodities market
Buy Hold Sell: 5 small caps with rock-solid dividends
Buy Hold Sell: 5 tech small caps with massive addressable markets
Big shifts redefining small caps
Buy Hold Sell: 5 small caps riding structural growth tailwinds
Buy Hold Sell: 4 fundie favourites, and why CSL is a sell
Predicting the winners and losers of earnings season
Buy Hold Sell: 5 of the best performing growth stocks
Buy Hold Sell: 5 ASX and international growth stocks
Is it time you loaded up on growth stocks?
Buy Hold Sell: 6 of the most Googled stocks
Buy Hold Sell: 6 small cap dividends stocks with big yields
Where is the value in small caps?
Buy Hold Sell: 5 quality small caps at a reasonable price
Buy Hold Sell: 5 emerging leaders from the crisis
Making sense of this stunning rally
Buy Hold Sell: 5 stocks to ride the financials rebound
Buy Hold Sell: 5 stocks for income and growth
Rewriting the rules on income
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