|
Between 2 Screens – Episode 12, International Share Update
In this week’s Between 2 Screens we hear from Fred Strauss, lead portfolio manager of the Watershed International Share SMA. Among the key points Fred discusses are:
The recent US reporting season and earnings rebound: The US economy has seen a positive turnaround in earnings growth, marking the strongest quarter in a year. This follows three consecutive quarters of declining earnings, reflecting the resilience of the US consumer base, with consumer confidence and spending remaining strong despite higher interest rates.
Mega Cap Tech Dominance: Mega-cap technology companies, particularly Microsoft and Apple, are playing a pivotal role in driving market performance. These companies are heavily investing in artificial intelligence (AI) and have optimistic outlooks, with Microsoft leading the way with impressive results, showcasing substantial revenue growth and profitability.
Portfolio poised to deploy high cash position: The International Share Portfolio maintains a significant cash position of approximately 20%. This strategic cash holding provides flexibility during market selloffs, highlighted by our recent move to add to our existing position in JPMorgan. Despite the cash exposure, we remain confident in the underlying strength of the portfolio’s core holdings. click here to watch video
Alternatively, you can download & read “Mega Quarter for Mega Caps” – providing further detail on Fred’s market views and updates on key stock positions.
If you would like further information please contact:
Shantelle Lay: 0417459842 shantellelay@watershedgroup.com.au or
Lydia Pearson: 0438629121 lydiapearson@watershedgroup.com.au |
