Is the 'safety' of market darlings an illusion?

Patrick Poke

Livewire Markets

At the start of 2016, if someone had said that Woolworths would've outperformed both Blackmores, and APN Outdoor by the end of August, they'd likely have been assigned to the loony bin. But as often happens in financial markets, the seemingly least likely outcome has occurred. The chart below shows the relative share price performance of the stocks mentioned above for the year-to-date. The big moves in Blackmores, and APN post-reporting demonstrates how violently the market can react if expectations are high - even when reporting reasonable results. Charles Leyland from Leyland Asset Management has discussed this issue further, you can read the post and watch the video here: (VIEW LINK)


Patrick Poke
Managing Editor
Livewire Markets

Patrick was one of Livewire’s first employees, joining in 2015 after nearly a decade working in insurance, superannuation, and retail banking. He is passionate about investing, with a particular interest in Australian small-caps.

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