Ally Selby: Hey, how are you doing? And welcome to Livewire’s Buy Hold Sell. I’m Ally Selby, and today we’ll be asking our guests to analyse each other’s highest conviction holdings. Plus, we’ll also ask them to name one market darling that is in for some troubled times ahead. To do that, we’re joined by Raaz Bhuyan from Wavestone Capital and James Rutledge from Perpetual.

First off the ranks today is ResMed. It’s one of Raaz’s top holdings. Its share price has risen about 30 per cent over the past year. Raaz, I think I might know your answer for this, but is it a buy, hold or sell?