Marcus Bogdan of Blackmore Capital highlights that Australia's market returns are robust but concentrated. A significant portion of 2024's gains stem from the four major banks and Goodman Group. Unlike the US, where earnings drive growth, Australian banks see minimal profit growth but remain vital due to stable earnings.
Goodman Group (ASX:GMG) impresses Marcus with its strategic logistics and data centres expansion, which propels its growth. He notes its secure positions and power solutions as key strengths, maintaining it as a core holding. Other standout stocks include ResMed (ASX:RMD) and Wisetech (ASX:WTC), each with unique growth stories and strong market presence.
Marcus acknowledges underperformance in banks and resources like BHP (ASX:BHP), influenced by sector dynamics. He eyes 2025, focusing on undervalued sectors like energy, with companies such as Santos (ASX:STO) offering long-term value. Blackmore Capital maintains a bias towards quality, eyeing large and mid-cap opportunities for resilience and growth.
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