Australian shares are poised to open higher, bolstered by gains on Wall Street even as the spot price of iron ore dropped below $US200 a tonne. Bitcoin surges.
Fundies reveal 3 top ASX shares to buy for 2021
Tristan Harrison | January 12, 2021 8:31am |
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There was a huge amount of disruption in 2020 due to the COVID-19 pandemic.
These businesses have been identified by fundies as among the best opportunities for 2021:
Kelli Meagher, portfolio manager from Sage Capital, went for large healthcare player Sonic Healthcare.
Ms Meagher thinks that the market is under-appreciating how long the COVID-19 testing is going to go on for. She said that the ASX share is already significantly benefiting from all of the additional testing due to COVID-19.
The fund manager pointed out that COVID-19 testing isn’t going to go away after the vaccine and it’s not known how long the vaccine actually lasts. Sonic could get another leg of growth from antibody testing, which tests if someone is immune and whether the vaccine worked for three months or six months.
Buy, hold, sell: Fund managers No.1 stock picks for 2021
Jan 8, 2021 – 4.04pm
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Matthew Kidman: Here we are, it s the holy grail. Who is going to tip the best stock for 2021? Everyone wants to be standing on the podium, and everyone wants to be a gold medal winner. You re going to hear it first here.
James Marlay: Small caps have been the right place to be in Livewire s fundies tips for the past few years. What s your number one pick for 2021 and why do you like it?
Olivia Salmon, Lennox Capital
Corporate Travel Management – it was our number one pick for the re-opening trade when we were getting bullish again on equities. I think that the market s fears that Zoom calls or phone calls will be the way of the future and no one will travel anymore is overblown.