What Is The Best Stocks To Invest In Right Now

What Is The Best Stocks To Invest In Right Now

What Is The Best Stocks To Invest In Right Now – We asked fund managers across Australia to give us the stocks they thought were the best in the business. In an effort to keep it simple, we’ve narrowed it down to the lucky 7 – 3 global names and 4 local ones – that these managers will happily hold onto for life.

They say seven is a magic number. For starters, there are seven days. There are seven deadly sins. And it may surprise some to learn that seven items, or information, is the limit that a normal person can process and remember on the fly, as psychologists discovered in the late 1950s. And then who could forget the seven dwarfs (here’s to you, Doc).

What Is The Best Stocks To Invest In Right Now

What Is The Best Stocks To Invest In Right Now

We’ve gathered fund managers from as far away as the farthest plane (Australia) to share the number one stock they’ll be happy to hold for life. This stock business is the best. The bee’s knees, if you will.

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Several global winners made the cut, including Siemens, Zscaler and IQVIA. But for those with a penchant for local darlings, there are four stocks that are sure to tickle your fancy as well.

Padley called Macquarie a “FUFU stock”, meaning a stock his team would buy and hold “unless it…

“We have a FUFU portfolio that we run in the Marcus Today newsletter. We just started building it. And the first stock we picked was Macquarie,” he says.

“Macquarie is the first Australian stock I’d say I’d be happy to hold for life, although if you know us, we’d never pretend that something in the equity market is for life.”

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So, why Macquarie? Padley revealed that he actually went for an interview as an institutional equity salesman at Macquarie in the 1990s.

“They didn’t give me a job. I failed their personality test. A team player is not enough, they say; Too aggressive, they said. Thank God, Macquarie rejects the employees that make Macquarie the best. They rejected me. Good call!” said Padley.

He noted that Macquarie employs more than 16,000 of Australia’s best financial minds with one goal in mind – make money. “Who wouldn’t invest in that?” Padley said.

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Additionally, Macquarie operates within a fairly unique banking system. Only four to six high street banks dominate the country without competition from foreign players.

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“The international banks have left the high-street banks alone to operate a quasi-cartel that humbly makes up the Australian essential banking pie, and it’s so profitable that they haven’t really had to work for their money, innovate or be. Clever is just exploitation,” explains Padley.

“So any smart Australian who wants to work in the financial sector has only one option. Work for Macquarie. With clear results compared to the performance of other banks.”

This lack of competition on both the domestic and international fronts allows Macquarie to “command a seat” in almost every Aussie corporate deal – be it mergers and acquisitions, capital raisings or IPOs.

“In the US, competition among investment banks is brutal. You have a choice. But not in Australia,” Padley said.

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“They’re finding right now that there’s an incredible opportunity in traditional banking outside of investment banking. Their recent forays into the domestic mortgage market, a stronghold of the big high-street banks, have grabbed market share and hurt their unsuspecting competitors.

“I have a Macquarie mortgage. They are very good to deal with. In my personal banking experience they have something quite unique. There is something called customer service. There is nothing they can do. Only UBS comes close to challenging them. And they don’t. The Australian No.”

Like all stocks (and investments), Macquarie is not a risk-free ride. Padley explains that like other FUFU stocks, you can hold Macquarie forever, but he won’t.

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“Macquarie is a high beta stock and the risks are obvious. They boom when financial markets rise, they correct when financial markets correct.”

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Padley isn’t the only fundie eyeing the golden child of Australian investment banking. Elston’s Bruce Williams also named Macquarie as his all-time pick.

“We find it amazing that in the last 50 odd years, it has grown from a small merchant bank to a large international investment bank with the ability to retain high quality people, increase profitability, maintain a strong balance sheet and still do. Adapt and grow ahead of its peers in new markets,” he says.

Despite being a market-oriented business – meaning it will suffer from both revenue and profit volatility, Macquarie has been able to balance this risk by growing and scaling their annual-style business, Williams said.

“This diversity allows them to continue to perform well in almost all financial conditions. The proof is that they have been profitable every year,” he says.

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Macquarie’s success has led to a raft of Paramount star leads. Think Alan Moss, Nicholas Moore and now Shemara Wickramanayake. But it is also making progress in developing new market opportunities to maintain its competitive edge, Williams said.

“A focus on leading digitization in Australian banking, infrastructure development and investment and more recently investing in a sustainable future through social and renewable energy infrastructure development are just a few examples,” he said.

“Key to this is Macquarie’s ‘loose tight’ approach that empowers its teams to find opportunities, build skills, hold results and reward them all within a rigorous risk management framework.”

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“In addition to a long growth runway for Macquarie in previously listed areas, their business model gives them the flexibility to create business opportunities in new markets,” he said.

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“Given their strong and proven decision-making and risk management framework, we are confident that they have the ability to execute for the foreseeable future.”

While Clark notes that lifetime investing isn’t a typical time frame an investor will take — even for those who tell you to always think long-term, he says the ability to withstand disruption was key to his selection.

“The main thing I would focus on is what could go wrong for a company, and disruption would be at the top of my list of concerns,” he says.

“Many ASX companies, particularly those traditionally considered safe or blue-chip areas of the market, will have to make difficult decisions over the next decade to ensure the long-term viability of their businesses.”

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“Because of the unique industrial structure and the scale required, it’s difficult for me to see a fourth in my lifetime,” he says.

“Never say never but it’s hard to see how this could be disrupted by advances in technology, blood plasma and its various components are the building blocks of life and key components of many treatments.”

In Clark’s mind, CSL is the clear market leader in their field. Thanks to the company’s mindset of “aggressively reinvesting to continue to build scale and efficiency,” Clark believes that will continue in the coming years.

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“CSL has been investing aggressively in R&D for many years and has a strong pipeline of products in various stages of development,” he said.

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“Some won’t make it to market, but a future blockbuster drug could certainly be out there, and new revenue streams will undoubtedly flow.”

While considering the long time horizon I have for our fund, Clark adds that company culture is also critical to the long-term success of the business.

“I think you have to look at the culture of the company. Businesses that can adapt, identify opportunities and continue to grow are the people you want to support, and CSL is a business that has always struck me as a best in class culture,” he said

Liu chose Aussie market darling Cochlear as his “forever” pick. For those who don’t know, the company makes implants to correct profound hearing loss.

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“There are literally millions of people in developed countries who could benefit from an implant, and this number is increasing every year as the population ages,” Liu said.

“Yet with fewer than 60,000 patients implanted each year, the market has been significantly penetrated, supporting strong growth in cochlear for at least the next decade.”

Currently, Cochlear has more than 60% market share, Liu said. This is in large part because its implants are superior to its competitors in both features and reliability.

What Is The Best Stocks To Invest In Right Now

“While technological change is a risk, we are not aware of any superior treatments under development beyond some very preliminary work that is far from human testing,” she says.

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“Also, the cochlear is the most advanced with a fully implantable device that could be the next major development in space.”

As an added bonus, Liu said Cochlear’s management team is world-class and has demonstrated a clear focus on growing its patients and business over the long term.

“As a high-quality business with defensive structural growth characteristics, the stock is trading at a meaningful premium to the rest of the ASX companies. Taking a long-term view, however, Cochlear is absolutely at the bottom

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