29 August 2019
Earnings season winds up today, and there have been plenty of surprises with accompanying share price dislocations. And because news takes time to be fully factored in, the move on day 1 often just marks the start of a sustained trend.
So, for this week’s Buy Hold Sell we focus on some companies that over-delivered, namely Treasury wines, SmartGroup and Wisetech. The average gain on day 1 for this group was +10.6%, with the average gain for them since results now up at +21.6% already.
We asked our panelists, Jun Bei Liu from Tribeca and Andrew Mitchell from Ophir Asset Management if there could be more to come from these stocks and to also nominate their own pick for the standout result this August.