Good Value | Pragmatic Value Investing Antipodes Partners

In this episode Alison Savas is joined by Antipodes Portfolio Manager, Graham Hay.
They discuss two key stock market sectors – tech and commodities – as the market starts to tilt towards the higher for longer interest rate scenario.
Key times:
The US economy has been incredibly resilient - can it keep powering ahead? 1:00
Meaningful moves in tech stocks: 5:00
Nvidia (NASDAQ:NVDA): 6:30
Tech opportunities in the current market cycle: 11:00
TSMC (NYSE:TSM): 11:30
Qualcomm (NASDAQ:QCOM): 13:30
Commodities performance and outlook: 14:50
Teck Resources (NYSE:TECK): 20:00
Stock commentary in this episode is illustrative only and should not be considered as recommendations to buy, hold, or sell any security. 

Alison Savas is joined by Martin Daum, the CEO of Daimler Truck Holding AG. 
The German-listed company is the world's largest manufacturer of commercial vehicles. It builds trucks, buses, and other commercial vehicles under brands including Mercedes Benz, Freightliner, Western Star, Mitsubishi Fuso, Bharat Benz, Rizon, and Setra. 
More about Antipodes: https://antipodes.com/
 
 

Link to the previous EVs episode from 2021 referenced in this podcast: https://www.podbean.com/eas/pb-gy3zp-ff1e7e
More about Antipodes: https://antipodes.com/
Key times:
Shifting dynamics in the auto industry over the past 3 years: 1:00
EV demand now below previous market expectations? 3:20
The rise of Chinese automakers: 9:30 
Are hybrid electric vehicles here to stay? 19:00
Solid state batteries & autonomous vehicles: 22:30
Who will be the long term winners and losers in the global auto industry? 29:30
*Stock commentary in this episode is illustrative only and should not be viewed as a recommendation to buy, hold, or sell any security. 

In this episode, Alison Savas is joined by Antipodes Chief Investment Officer, Jacob Mitchell. 
They discuss key macro and market developments in the fourth quarter of 2023 along with how Antipodes is positioning for the year ahead. Jacob and Alison also provide key insights into the investment case for Oracle Corp (NYSE: ORCL).
Key times:
Has the Fed pulled off a soft landing? 1:00
The potential for a deterioration in liquidity & headwinds for US equities at the index level: 6:00
Antipodes current portfolio positioning: 12:00 
Valuation discipline case study - exiting SAP & holding Oracle*: 16:00
Stock in focus - Oracle Corp (NYSE: ORCL)*: 20:00
*Stock commentary is illustrative only and should not be viewed as a recommendation to buy, hold, or sell any security. 

In this final episode for 2023, Alison Savas is joined by all Antipodes' Sector Portfolio Managers. Each PM shares one stock (or area of their coverage) they believe will perform in the year ahead, and one stock or part of the market they believe investors should avoid.  
1:30: Graham Hay - Hardware, Industrials & Commodities Portfolio Manager. 
Stock to watch: Taiwan Semiconductor Manufacturing Co (TPE: 2330)
6:20: Nick Cameron - Healthcare Portfolio Manager
Sector to watch: Small to mid-cap medical device companies
Stock to watch: Alcon AG (SWX: ALC)
15:00: Max Shramchenko - Infrastructure Portfolio Manager
Sector to watch: Regulated utilities
Stock to watch: American Electric Power Company (NASDAQ: AEP)
21:30: James Rodda - Developed Markets, Technology, Media and Telecommunications Portfolio Manager
Stock to watch: Oracle Corp (NYSE: ORCL)
27:00: John Stavliotis - Emerging Markets Portfolio Manager
Sector to watch: Brazilian stocks
Stock to watch: Sendas Distribuidora SA (NYSE: ASAI)
 

The backdrop for investing in Brazil is changing - fundamentals are improving, inflation is falling, rates are falling and policy makers are embarking on fiscal repair.
On top of this stock market valuations are attractive.
So, in this episode, Alison Savas (Antipodes Investment Director) and John Stavliotis (Antipodes Emerging Markets PM) discuss the case for increasing exposure to Brazilian equities. 
Key times:
Elevator pitch - why investors should consider Brazil: 1:00
Inflation, rate cuts and Brazil's cyclical setting : 2:20
Structural opportunities in Brazil - commodities and agriculture: 7:30 
Brazil's economic links with China: 11:30
Brazilian politics and regulation: 13:30
Stock in focus - Itaú Unibanco (NYSE: ITUB)* 16:30
Stock in focus - Nu Holdings (NYSE: NU)*: 21:00
Stock in focus - Sendas Distribuidora (NYSE: ASAI)*: 22:30
*Stock commentary is illustrative only and should not be viewed as a recommendation to buy, hold, or sell any security.