Sandstone Insights Best Ideas: November 2024
Gain expert insights into potential investment opportunities this November with a detailed analysis of Light & Wonder, Macquarie, and Xero from Sandstone Insights’ latest episode.
This video was recorded by Sandstone Insights on 8 November 2024.
In the latest episode of Sandstone Insights' Best Ideas, investment strategists John Lockton and John Meagher discuss potential investment opportunities in November.
Three key stocks to watch:
- Light & Wonder: has reaffirmed its financial year 2024 guidance for earnings before interest, tax, depreciation, and amortisation (EBITDA) at $1.4 billion. The high quality of the business and the large private equity discount to Aristocrat Leisure Limited, together with a significant growth pathway, makes Light & Wonder even more attractive
- Macquarie: share price has pulled back from record highs following lowered financial year 2025 estimated earnings guidance. Expect dividend reinvestment plan neutralisation window and potential restart of share buyback through November
- Xero: subscriber growth continues to look healthy and we expect Xero has made further market share gains. Price rises enhance profitability per customer, accelerating growth. The 'Rule of 40' is set to continue as operating costs decrease with scale.
- The information provided by Sandstone Insights does not constitute investment advice and does not have regard to the specific needs of any person who may receive it. No warranty is given as to the accuracy or completeness of the information and any person acting on it does so entirely at their own risk.
This information has been prepared by IG, a trading name of IG Australia Pty Ltd. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Start trading forex today
Trade the largest and most volatile financial market in the world.
- Spreads start at just 0.6 points on EUR/USD
- Analyse market movements with our essential selection of charts
- Speculate from a range of platforms, including on mobile
Live prices on most popular markets
- Forex
- Shares
- Indices
