4 Fallen Angels on ASX you need to look at now!

Marc Kennis Marc Kennis, April 14, 2023

Our own Stuart Roberts shares his insights on 4 “Fallen Angel” stocks on AusBiz.

 

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4 Fallen Angels on ASX

Stuart suggests that Domino’s (ASX:DMP) serves as an advanced recession indicator, demonstrating strong growth potential as it continually expands its international store count. Although rising mozzarella prices raise concerns, Stuart views this as a temporary setback, with the stock likely to rebound.

Stuart also emphasizes Kogan.com (ASX:KGN) as the “Everything store” for the Southern hemisphere, indicating that both Kogan and its competitors, such as Amazon, have room to grow as logistics infrastructure improves.

In reference to Xero (ASX:XRO), Stuart regards it as the top accounting software for small and medium-sized enterprises, advised by accountants. The company perpetually expands globally and appears expensive due to the market capitalising on its future growth potential.

Wrapping up our Fallen Angels on ASX, Stuart talks about LendLease (ASX:LLC), renowned for multi-year developments, like Barangaroo in Sydney. He asserts that the company possesses a world-leading franchise that the market struggles to properly capitalise on. As COVID-19 and inflation wane, Stuart envisions LendLease’s stock potentially returning to previous levels.

 

Watch the full interview here!

Fallen angels on ASX

Stuart Roberts talks about 4 Fallen Angels on ASX

 

 

Need solid trading and investment ideas on ASX?
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With price targets, buy ranges, stop loss levels and Sell alerts too.

 

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