Rising tech stocks have more to offer

Hamish Douglass, CEO, CIO and Lead Portfolio Manager (Global), discusses why rising tech stocks are still well priced, the strategy driving Amazon’s purchase of Whole Foods and what this means for other retailers.

Key Points

  • Apple, our largest holding, shows outstanding growth prospects.
  • Alphabet is proving it is more than just a search business.
  • Amazons acquisition of Whole Foods could spell the beginning of a new era in consumer staples
  • On the macro front, events could lead to higher long-term interest rates, a potential headwind for equities
  • High cash levels in the portfolio reflect a “sit-and-wait” position

For further insights from Magellan, please visit our website 


Magellan was formed in 2006 by Hamish Douglass and Chris Mackay, two of Australia’s leading investment professionals. The company specialises in global equity and listed infrastructure assets.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.