<turbo-stream action="append" target="latest-wire-list"><template>
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            <a class="pre-header-sm lg:pre-header-md uppercase text-primary hover:underline" href="/categories/equities">Equities</a>

          <div class="__Wires_TolTagComponent_63117 w-36"></div>
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          <time datetime="2025-07-10T12:47:41+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">July 10, 2025 12:47</time>
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                <figcaption></figcaption>
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          <div class="sm:flex-grow">
            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full max-w-[60%] ">
              Google looks cheap, but is it justified?
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Investors are wondering if Google&#39;s &quot;Kodak moment&quot; has arrived with the launch of ChatGPT. The result is a sell-off that&#39;s gone too far. 
</div>

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</a>      </div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">ETFS Magnificent 7+ ETF</div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Walt Disney Company (The) Common Stock</div>
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  <a aria-label="HUGE" data-controller="event" data-event-name-value="link_click" data-event-id-value="63117" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/cboe-huge">
    <div
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      <div class="p-4 flex group">
        <div class="flex flex-col">
          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">ETFS Magnificent 7+ ETF</div>
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          <div 
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  </div>
</div>

    <div data-controller="tooltip">
  <a aria-label="DIS" data-controller="event" data-event-name-value="link_click" data-event-id-value="63117" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/nasdaq-dis">
    <div
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>
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    <div class="w-80 rounded-md overflow-hidden shadow-horver-card border border-light">
  <div>
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      <div class="p-4 flex group">
        <div class="flex flex-col">
          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Walt Disney Company (The) Common Stock</div>
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  </div>
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    <div data-controller="tooltip">
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    <div
  class="lw-badge rounded-2xl  md"
  
  
>
  <div class="flex items-center gap-2">
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    <div class="w-80 rounded-md overflow-hidden shadow-horver-card border border-light">
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      <div class="p-4 flex group">
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Alphabet Inc. Class A Common Stock</div>
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  </div>
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              2 sizzling stocks in an ASX sector that keeps defying the odds
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  Auscap’s Will Mumford reveals 2 growth stocks he’s backing in a sector where “discretionary” items are starting to become essential.
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          <time datetime="2025-07-10T08:00:20+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">July 10, 2025 08:00</time>
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              Momentum and growth
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  The great US momentum trade continues. The data shows the economy is nowhere near to a recession.
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        BNP Paribas Asset Management
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          <time datetime="2025-07-10T07:45:19+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">July 10, 2025 07:45</time>
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              Top 5 ASX 300 contributors versus the rest. Something must eventually break
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  Real returns from the S&amp;P/ASX 300 have been solid lately, but what’s driving them has been nothing short of remarkable.
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  <a aria-label="GMG" data-controller="event" data-event-name-value="link_click" data-event-id-value="63111" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-gmg">
    <div
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>
  <div class="flex items-center gap-2">
    <span class="text-bold-md">GMG</span>
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</div>

</a>  <div class="hidden" data-tooltip-target="content">
    <div class="w-80 rounded-md overflow-hidden shadow-horver-card border border-light">
  <div>
    <a data-controller="event" data-event-name-value="link_click" data-event-id-value="870" data-event-statisticable-value="stock_code" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tooltip&quot;}" href="/stock_codes/asx-gmg">
      <div class="p-4 flex group">
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Goodman Group</div>
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        </div>
      </div>
</a>    <div class="px-4 mt-0.5">
      <div class="flex items-center py-4 border-t border-light">
        <div class="flex-grow text-darkestgray text-bold-sm" id="followed-count-stock_code-870">
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          <div 
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  data-load-engagement-count-target="follow"
  data-followable-type="stock_code"
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  </div>
</div>

    <div data-controller="tooltip">
  <a aria-label="NAB" data-controller="event" data-event-name-value="link_click" data-event-id-value="63111" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-nab">
    <div
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>
  <div class="flex items-center gap-2">
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</div>

</a>  <div class="hidden" data-tooltip-target="content">
    <div class="w-80 rounded-md overflow-hidden shadow-horver-card border border-light">
  <div>
    <a data-controller="event" data-event-name-value="link_click" data-event-id-value="1367" data-event-statisticable-value="stock_code" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tooltip&quot;}" href="/stock_codes/asx-nab">
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">National Australia Bank Ltd</div>
            <div class=" text-darkestgray truncate font-sans leading-4 font-semibold capitalize text-heavy-md">ASX:NAB</div>
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</a>    <div class="px-4 mt-0.5">
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      +2
</a></div>

        </div>
        <div class="pt-4 pb-4 lg:pb-2 hidden sm:block">
          <div class="flex gap-2">
    <div data-controller="tooltip">
  <a aria-label="CBA" data-controller="event" data-event-name-value="link_click" data-event-id-value="63111" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-cba">
    <div
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  <div class="flex items-center gap-2">
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</a>  <div class="hidden" data-tooltip-target="content">
    <div class="w-80 rounded-md overflow-hidden shadow-horver-card border border-light">
  <div>
    <a data-controller="event" data-event-name-value="link_click" data-event-id-value="519" data-event-statisticable-value="stock_code" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tooltip&quot;}" href="/stock_codes/asx-cba">
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  data-load-engagement-count-target="follow"
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      <div class="border-6 border-tooltipDownArrowLight"></div>
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  </div>
</div>

    <div data-controller="tooltip">
  <a aria-label="GMG" data-controller="event" data-event-name-value="link_click" data-event-id-value="63111" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-gmg">
    <div
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>
  <div class="flex items-center gap-2">
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</a>  <div class="hidden" data-tooltip-target="content">
    <div class="w-80 rounded-md overflow-hidden shadow-horver-card border border-light">
  <div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Goodman Group</div>
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  data-load-engagement-count-target="follow"
  data-followable-type="stock_code"
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</div>

    <div data-controller="tooltip">
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    <div
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>
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  <div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">National Australia Bank Ltd</div>
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</a>    <div class="px-4 mt-0.5">
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</div>

    <div class="h-0 w-full flex justify-center">
      <div class="border-6 border-tooltipDownArrowLight"></div>
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  </div>
</div>

    <div data-controller="tooltip">
  <a aria-label="WBC" data-controller="event" data-event-name-value="link_click" data-event-id-value="63111" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-wbc">
    <div
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>
  <div class="flex items-center gap-2">
    <span class="text-bold-md">WBC</span>
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</div>

</a>  <div class="hidden" data-tooltip-target="content">
    <div class="w-80 rounded-md overflow-hidden shadow-horver-card border border-light">
  <div>
    <a data-controller="event" data-event-name-value="link_click" data-event-id-value="2168" data-event-statisticable-value="stock_code" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tooltip&quot;}" href="/stock_codes/asx-wbc">
      <div class="p-4 flex group">
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Westpac Banking Corporation</div>
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</a>    <div class="px-4 mt-0.5">
      <div class="flex items-center py-4 border-t border-light">
        <div class="flex-grow text-darkestgray text-bold-sm" id="followed-count-stock_code-2168">
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          <div 
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  data-load-engagement-count-target="follow"
  data-followable-type="stock_code"
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      </div>
    </div>
  </div>
</div>

    <div class="h-0 w-full flex justify-center">
      <div class="border-6 border-tooltipDownArrowLight"></div>
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  </div>
</div>

    <div data-controller="tooltip">
  <a aria-label="WES" data-controller="event" data-event-name-value="link_click" data-event-id-value="63111" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-wes">
    <div
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>
  <div class="flex items-center gap-2">
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</div>

</a>  <div class="hidden" data-tooltip-target="content">
    <div class="w-80 rounded-md overflow-hidden shadow-horver-card border border-light">
  <div>
    <a data-controller="event" data-event-name-value="link_click" data-event-id-value="2162" data-event-statisticable-value="stock_code" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tooltip&quot;}" href="/stock_codes/asx-wes">
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</a>    <div class="px-4 mt-0.5">
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    </div>
  </div>
</div>

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      <div class="border-6 border-tooltipDownArrowLight"></div>
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  </div>
</div>

</div>

        </div>
      <div class="lg:flex lg:items-center clear-both">
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          <div class="flex items-center">
    <div class="mr-2">
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        Allan Gray
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  </div>
</div>

        </div>
        <div class="hidden lg:block lg:mt-4 mx-4 w-1 h-4 border-l border-gray-300"></div>
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        <time datetime="2025-07-10T07:45:19+10:00" data-controller="datetime" class="hidden sm:block sm:flex-none order-1 w-36 uppercase pre-header-sm lg:pre-header-md text-darkgray">July 10, 2025 07:45</time>
    </div>
</div>


      </div>
    </div>


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              Missing the boat on a big ASX mining play
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              RBA claims uncertainty; easing financial conditions are the real reason
            </h2>
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  The RBA again uses global uncertainty as a crutch to delay interest rate easing.
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        Yarra Capital Management
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          <div class="sm:flex-grow">
            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full max-w-[60%] ">
              Copper breaks all-time highs: Were you watching the mining insiders?
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  I outline why critical metals (like copper) are on the verge of following the early 2000s iron ore playbook.
</div>

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        Fat Tail Investment Research
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              Why more income could be made from this Aussie asset class
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  For structural and cyclical reasons, the good times for hedged corporate credit can continue.
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              7 key charts for investors to keep an eye on
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  From Trump’s tariffs to business conditions and the gap between earnings yields and bond yields, here are key charts to watch.
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        AMP
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            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full max-w-[60%] ">
              Gold doesn’t blink: What trillions in US debt mean for safe-haven assets
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  From soaring deficits to political theatrics, gold’s strength holds  as investors hedge against mounting US fiscal instability.
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          <time datetime="2025-07-09T09:56:53+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">July 09, 2025 09:56</time>
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              4 stocks with imminent catalysts backed by L1 Capital
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  Big bids, bold turnarounds, and smart infrastructure plays: 4 stocks L1 Capital is backing for breakout potential over time.
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              The controversial model predicting US$300,000 bitcoin this year
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  The stock-to-flow model has been surprisingly accurate during past bitcoin bull runs - will it get it right this time? 
</div>

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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>“Cash is King”: The private credit fund built for reliability, not <span class="whitespace-nowrap">surprises<svg xmlns="http://www.w3.org/2000/svg" width="24" height="18" viewBox="0 0 24 18" fill="none" stroke="currentColor" id="embed_video" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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  Private credit managers may look similar, but few play like Epsilon. Joe Millward’s rule: real cash beats fantastical returns.
</div>

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              Aboud: passive mispricings to reward active investors, AI shift to reward bold CEOs
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  Aboud on legacy, learning, and Perpetual&#39;s long game. Plus, the next big opportunities in markets: Mispricing, AI, and fewer active managers
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              Markets have evolved over time – has your portfolio?
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  If your portfolio hasn’t changed, or your conversations about it, you’ve got a problem. And it has likely cost you (a lot of) money.
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        Koda Capital
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              RBA surprises by not cutting rates
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  RBA defies cut bets and holds in its July meeting; resilient data point to rising short yields and curve flattening.
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        Wilson Asset Management
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              Is now the time to invest in small caps?
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  In this edition of the IIR LMI Monthly Update we take a look at the key news in June as well as whether now is the time to be investing in small caps given the RBA...
</div>

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        Independent Investment Research 
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              A rare window of opportunity for long-term investors
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  With a 20-year CAGR of 14.1%, Thermo Fisher has repeatedly shown how temporary headwinds create long-term value for patient shareholders.
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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>Livewire Live 2025: Early Bird tickets now available. Secure your seat <span class="whitespace-nowrap">today!<svg xmlns="http://www.w3.org/2000/svg" width="24" height="18" viewBox="0 0 24 18" fill="none" stroke="currentColor" id="embed_video" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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  Livewire&#39;s annual investment day is shaping up to be an event like no other... Don&#39;t miss out!
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