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Stock tips update: Palantir Technologies, Rightmove

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This is our last update on the stock picks before the end of the year. We are moving now into a slower period on the equities front, although commodities and crypto markets remain lively. As we mentioned earlier this week, while our own risk parameters forced us out of Bitcoin in August, that market seems to be in full rally mode as we approach the holiday period, with various theories being aired as to why.

There remained a lot of fear in the market during November, with many investors using the war in the Middle East as a reason to continue to sit on the side lines in the equity market in the UK and Europe. This has been less the case in Asia and the US. Listening to fund managers, there now look to be a phenomenal number of excellent value opportunities available in the small to mid cap space for the discerning investor.

What still puzzles is the crazy prices you can pick up high quality resources stocks for, especially the very obvious squeeze that is coming in the battery metals space.

Palantir Technologies

On the US shares stock picking front Raine Lahtinen went with Palantir Technologies in November. Palantir was embedded in the Big Data story even before the AI craze took hold and it is looking even more attractive now. Palantir is engaged in building software to assist in counterterrorism investigations and operations. They have been doing this for over 10 years with a clients list that is frankly out of this world. In this article, Raine says Palantir reminds him of very early Microsoft and Oracle, in the early days in the 1980’s when “software” and IT culture really emerged in the US.

Rightmove

Covering FTSE 350 stocks for us, James Coffey added Rightmove to his list of tips. Rightmove’s fortunes are not directly correlated to either house prices or transaction numbers, relying on a monthly subscription fee from estate agents and housebuilders who use the platform, Rightmove has managed to grow revenues sustainably even throughout periods of economic downturn. James liked the fact that Rightmove has been active in the market, buying back shares, taking advantage of a lower share price. Fund managers are also doing the same it seems.

Sold: US Natural Gas Fund, Barratt Developments (Short), BlackRock World Mining Trust

So how are our picks getting on?

James Coffey’s FTSE 350 portfolio

Company/Instrument Start price Current price* Percentage change Report
Volution Group LON:FAN GBX 379.80 394.60 +3.9% Report
Rightmove LON:RMV GBX 512.00 544.60 +6.4% Report

*Prices as of close of play on 30 November 2023

Raine Lahtinen’s US stocks portfolio

Company/Instrument Start price Current price* Percentage change Report
Nvidia NASDAQ:NVDA USD 462.41 467.70 +1.1% Report
Skechers NYSE:SKX USD 48.29 58.91 +22.0% Report
Palantir Technologies NYSE:PLTR USD 17.79 20.05 +12.7% Report

*Prices as of close of play on 30 November 2023

Tactical trading portfolio

These are shorter term equity and commodity trades which we can see playing out within one to three months. We will sometimes keep these on longer if the trade is still quite range bound but we are anticipating further upside. These trades have the tightest risk parameters.

Company/Instrument Start price Current price* Percentage change Report
Raytheon Technologies NYSE:RTX USD 73.32 81.48 +11.1% Report
SPDR Gold Shares ETF [LON:0KZF] USD 173.00 188.60 +9.0% Report
Arbuthnot Banking Group plc LON:ARBB GBX 947.00 982.50 +3.7% Report
CDW NASDAQ:CDW USD 174.00 210.88 +21.2% Report
Severn Trent (Short Trade) LON:SVT GBX 2574.00 2,601.00 +1.0% Report
Globalstar [NYSE:GSAT] USD 1.28 1.59 +24.2% Report
iShares 0-3 Month Treasury Bond ETF [NYSEARCA:SGOV] USD 100.38 100.73 +0.3% Report

*Prices as of close of play on 30 November 2023

Longer term buy and hold portfolio

These are positions where we see a longer term growth scenario, usually in the small to mid cap space, but sometimes larger companies. We will typically be keeping these stocks on the list for at least six months and often longer. Consequently our risk tolerance is higher for these positions than for the trading list.

Company/Instrument Start price Current price* Percentage change Report
Yellow Cake LON:YCA GBX 211.50 567.50 +168.3% Report
Nordnet [STO:SAVE] SEK 152.20 171.40 +12.6% Report
First Rand [JSE:FSR] ZAC 5,229.00 6,743.00 +29.0% Report
Turkish Airlines [IST:THYAO] TRY 13.86 251.00 +1711.0% Report
Live Nation [LON:0JVD] USD 81.78 84.09 +2.8% Report
Airtel Africa LON:AAF GBX 109.60 109.50 -0.1% Report
Riverstone Energy [LON:RSE] GBX 566.00 758.00 +33.9% Report
VinaCapital Vietnam [LON:VOF] GBX 498.00 452.00 -9.2% Report
Implenia [SWX:IMPN] CHF 26.95 28.55 +5.9% Report
Octopus Renewables Infrastructure Trust LON:ORIT GBX 104.40 90.40 -13.4% Report
Babcock LON:BAB GBX 291.00 394.80 +35.7% Report
Gaming Realms LON:GMR GBX 25.00 35.00 +40.0% Report
Michelmersh Brick Holdings LON:MBH GBX 97.14 83.00 -14.6% Report
Tsukada Group [TYO:2418] JPY 417.00 384.00 -7.9% Report
Biocorp [EPA:ALCOR] EUR 24.10 35.10 +45.6% Report
Indian Investment Trust [LON:IGC] GBX 137.50 166.50 +21.1% Report
Literacy Capital LON:BOOK GBX 505.00 476.00 -5.7% Report
Borussia Dortmund [ETR:BVB] EUR 4.26 3.66 -14.1% Report
Syrah Resources [ASX:SYR] AUD 0.58 0.59 +1.7% Report

*Prices as of close of play on 30 November 2023

Venture portfolio

These are companies which we see as having long term and considerable growth prospects. Due to their size and the nature of the business they are in, we feel that our normal risk management constraints should not be applied to these stocks.

Company/Instrument Start price Current price* Percentage change Report
Nano One [TSE:NANO] CAD 1.13 2.44 +115.9% Report
Kodiak Copper [CVE:KDK] CAD 0.24 0.74 +208.3% Report
Euro Manganese [CVE:EMN] CAD 0.44 0.12 -72.7% Report
Thunderbird Entertainment [CVE:TBRD] CAD 1.05 2.22 +111.4% Report
Pineapple Power LON:PNPL GBX 5.64 2.74 -51.4% Report
Atlas Salt [CVE:SALT] CAD 0.82 0.79 -3.7% Report
Net Zero Infrastructure LON:NZI GBX 4.50 1.35 -70.0% Report
Electric Guitar LON:ELEG GBX 4.00 2.10 -47.5% Report
Torq Resources [CVE:TORQ] CAD 0.75 0.24 -68.0% Report
Fortitude Gold [OTCMKTS:FTCO] USD 6.70 6.07 -9.4% Report
FPX Nickel Corp [CVE:FPX] CAD 0.50 0.34 -32.0% Report
Medigene AG [ETR:MDG1] EUR 2.40 1.55 -35.4% Report
Sogeclair [EPA:SOG] EUR 22.90 17.80 -22.3% Report
Warpaint London LON:W7L GBX 168.50 329.00 +95.3% Report
Synectics LON:SNX GBX 119.00 105.00 -11.8% Report
Sage Potash [CVE:SAGE] CAD 0.49 0.18 -63.3% Report
Perimeter Medical Imaging [CVE:PINK] CAD 1.92 0.90 -53.1% Report
Shin Maint Holdings [TSE:6086] JPY 1,686.00 1,424.00 -15.5% Report

*Prices as of close of play on 30 November 2023

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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