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WAM Capital hunts earnings surprises among beaten-up stocks

WAM Capital is sticking with its bet on Australia’s post-COVID reopening and believes some pockets of the ASX have been oversold.

Updated

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Like most investors, WAM Capital portfolio manager Oscar Oberg wakes each morning with a little trepidation about the news coming out of Wall Street.

And with no sign that the spectacular stock movements are over – Facebook’s staggering 26 per cent fall delivered another gut-punch to tech investors on Thursday night – there’s plenty of reason to worry about the spillover into Australian markets.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/wam-capital-hunts-earnings-surprises-among-beaten-up-stocks-20220204-p59tu9