FNArena’s Weekly Insights – March 04 2024
In this week’s Weekly Insights:
-Investing Is About The Future
-All-Weather Model Portfolio
-Conviction Calls
-It’s Your Turn
By Rudi Filapek-Vandyck, Editor FNArena
Investing Is About The Future
The local December-half results season in February had its own script in mind, as also illustrated by the interim result release from California, USA headquartered Life360 ((360)) on March 1st.
It’s not often Australian investors see a sizeable earnings ‘beat’ being rewarded with a 38.5% rise in the share price, not to mention the double digit follow-through that occurred on the following Monday.
By the market’s close 7.87% of that follow-through was left for a 46%-plus gain over two days, which neatly summarised what February 2024 was mostly about:
-both analysts and investors had been too cautious in many instances, which provided a platform for big corrections upwards
-a two-year bear market for smaller cap companies also meant share prices proved too low
-consumer spending is still fine, both locally and overseas
-management teams have a much better grip on limiting cost growth
-the sky is literally the limit for technology companies, both large and small
