A new COVID variant is here, but Marcus Bogdan of Blackmore Capital says it's not changing how he views the markets. He tells ausbiz there are three things to keep in mind when investing in companies: pandemic resilience, evidence from numbers and whether the sector has sold back dramatically over the last quarter.
With that in mind, Marcus is bullish on the healthcare and consumer staples sector. Particularly with Sonic Healthcare as we see elevated levels of testing in Australia and abroad. The reopening also brings a normalisation of healthcare services, which supports its base business. On his reduce list? The big bad banks.