A value investing podcast. Antipodes is an active global equities investment manager, with offices in Sydney and London. Hear from the Antipodes team and other external thought leaders as they deliver investment updates and share perspectives on companies, macroeconomic trends and investment opportunities across the globe.
Episodes
4 days ago
4 days ago
Antipodes portfolio manager, James Rodda, joins Alison Savas after returning from three bell-weather conferences across the US covering tech, media and telcos and consumer.
Thursday Feb 27, 2025
Thursday Feb 27, 2025
In episode, Alison Savas interviews Antipodes' senior trader, Steve Sevier.
Key Times:
- Steve reflects on trading through the mid 2000s: 2:00
- A trader's day: 4:00
- The evolution of stock markets - who can move markets today? 6:40
- The implications of trend chasing, increased retail participation, and shortened investment horizons: 10:00
- What can change market momentum? 13:30
- The big dislocations in markets in 2025: 16:00
- Are investors on the cusp of a rotation away from US stock market exceptionalism? 20:00
- The implications of President Trump on stock markets: 20:50
More about Antipodes: https://antipodes.com/
Friday Jan 31, 2025
Friday Jan 31, 2025
Antipodes CIO, Jacob Mitchell joins Investment Director, Alison Savas, to discuss Antipodes' portfolio positioning and the outlook for global equities.
Jacob also discusses why investors should watch gold stocks in 2025, and challenges that tech giant Apple Inc. (NASDAQ: AAPL) is facing.
Key Times:
- The Trump inauguration: what now for markets? 1:00
- Stocks vs bonds: mixed messages? 3:50
- The outlook for US equities in 2025: 8:00
- Are we on the cusp of a change in global fiscal impulse? 12:30
- Can Europe's valuation discount narrow? 17:30
- Outlook for Chinese equities: 19:50
- AI inflection point and big shifts in Central Bank gold buying: 22:50
- The bear case for Apple Inc (NASDAQ: AAPL): 28:30
More about Antipodes Partners: https://antipodes.com/
Stock commentary is illustrative only, not a recommendation to buy, hold, or sell any security.
Wednesday Dec 11, 2024
Wednesday Dec 11, 2024
In this year-end episode for 2024, Alison Savas invites Antipodes' Sector Portfolio Managers to discuss their outlook for 2025. Each PM shares their insights on key sectors and stocks to watch in the new year, including a stock they believe will outperform and one they advise investors to steer clear of.
Key Times:
0:35 | Graham Hay - Hardware, Industrials & Commodities Portfolio Manager
- Stock to watch: Keysight Technologies, Inc. (NYSE: KEYS)
- Sector to avoid: Large cap technology stocks
8:45 | Nick Cameron - Healthcare Portfolio Manager
- Stock to watch: Alcon AG (SWX: ALC)
- Sector to avoid: Small to mid-cap medical device companies
16:15 | Max Shramchenko - Infrastructure Portfolio Manager
- Stock to watch: RWE AG (ETR: RWE)
- Sector to avoid: Conventional power generating assets in US
23:15 | James Rodda - Developed Markets, Technology, Media and Telecommunications Portfolio Manager
- Stock to watch: Alphabet Inc (NASDAQ: GOOG)
- Sector to avoid: Large cap technology stocks (ex Alphabet)
28:30 | John Stavliotis - Emerging Markets Portfolio Manager
- Stock to watch: DiDi Global Inc. (ADR: DIDIY)
- Sector to avoid: Indian Mid cap Universe
More about Antipodes Partners: https://antipodes.com/
Stock commentary is illustrative only, not a recommendation to buy, hold, or sell any security.
Wednesday Nov 27, 2024
Wednesday Nov 27, 2024
Antipodes Investment Director, Alison Savas speaks to Portfolio Manager Rameez Sadikot in the aftermath of the 2024 US Presidential election.
Rameez discusses what the Antipodes team believes investor can expect during the Trump presidency and three stocks to watch.
Key Times:
- Is the equity market ignoring the risks the bond market is pricing in? 1:00
- Tax cuts and fiscal deficits: 3:50
- Tariffs & immigration: will these policies be economically damaging? 8:30
- What impact will Trump's policies have on Fed policy & risk assets? 14:20
- Antipodes portfolio: the election winners (Capital One & Ally Financial) 17:30
- Mexican cement - the contrarian opportunity: 21:20
More about Antipodes Partners: https://antipodes.com/
Stock commentary is illustrative only, not a recommendation to buy, hold, or sell any security.
Monday Oct 28, 2024
Monday Oct 28, 2024
China expert, John Garnaut joins Alison Savas to discuss the state of China's economy, policy landscape, and the potential risks and opportunities for stock market investors.
John is the founder of Garnaut Global, a leading advisory firm to select global asset managers, technology companies and government agencies.
Key times:
Analysing the shifts in investor sentiment towards China: 1:00
Has the CCP's attitude towards economic growth changed recently? 13:30
Will recent China stimulus measures have a big impact? 20:00
Why China needs to direct resources to local Government: 28:30
Reviving China's property sector: 30:00
Will Taiwan be Xi Jinping's legacy? 34:00
The markets that China's big tech stocks are poised to dominate: 38:00
More Antipodes insights: https://antipodes.com/insights/
Monday Sep 23, 2024
Monday Sep 23, 2024
Antipodes Investment Director, Alison Savas speaks to Nick Nelson (ASR Head of Global Equity Strategy) about the investment implications of the 2024 United States Presidential Election.
Key Times:
- The Trump vs Harris Debate - thoughts and observations: 1:00
- The battleground states: 2:00
- The composition of Congress - a clean sweep or not? 4:00
- Key policy areas relevant for stock market investors (taxation, climate, trade, immigration): 7:00
- Will Trump repeal the Inflation Reduction Act? 10:00
- Why Trump's big tariff plans could only be a threat: 12:40
- How will investment markets react to a Trump or Harris win: 18:00
- Foreign policy & implications on Europe: 20:50
- Episode summary: 22:00
More about Antipodes Partners: https://antipodes.com/
Tuesday Aug 27, 2024
Tuesday Aug 27, 2024
Alison Savas is joined by Ian Harnett, the co-founder and chief investment strategist of Absolute Strategy Research.
Ian shares big picture macroeconomic perspectives and views on the state of global stock markets.
This is part 1 of a 2-part interview.
Key Times:
- What Fed Governors are thinking right now: 1:40
- US macro + takes on recent economic data: 5:00
- Is the good news all priced in? 10:00
- Narrow earnings growth in the US: 14:00
- Growth outside the US: 16:00
- The energy capex cycle: 27:00
- AI: 30:45
- Overweighting the USD: 36:00
- Ian's rate cut call: 45:00
Friday Jul 26, 2024
Friday Jul 26, 2024
Over the last year, financials globally have had a pretty good run as profit margins for lending have grown. We’ve seen this trend in the big banks in the US, but also in Europe where dividends and buybacks are trending higher and higher.
But what if the next move for policy rates is down? Should investors stick with banks?
Antipodes Portfolio Manager James Rodda and Alison Savas discuss the set-up for financials in the US, Europe and also Australia, and compare the investment cases for three of the major banks in these markets.
Key times:
- What would rate cuts mean for banks: 3:00
- The outlook for Australian banks: 10:30
- NatWest Group: 11:20
- Wells Fargo & Co: 17:17
- Commonwealth Bank of Australia (CBA): 20:30
- Comparing Natwest, Wells Fargo & CBA: 25:20
All stock commentary is illustrative only and not recommendations to buy, hold, or sell any security.
Wednesday Jun 19, 2024
Wednesday Jun 19, 2024
Regulatory and economic fear has gripped Chinese stock markets in recent years – most notably headlined by troubles in China’s property sector and the collapse of China Evergrande.
But there are signs the very negative sentiment surrounding Chinese stocks is turning. Antipodes Portfolio Manager John Stavliotis discusses some surprising observations from a recent research trip to China, along with Antipodes' exposure to the world's second-largest economy.
Key times:
- Surprising observations and key takeaways from a China research trip: 00:50
- China's property sector woes: 3:20
- Time for exposure to China's property sector? (Ke Holdings Inc) 10:30
- Investing in China's 'emerging multinationals'(Kingdee International Software Group Co) 13:20
- The investment opportunity in China's power grid (NARI Technology Co Ltd) 19:30
- Key takeouts - can Chinese stocks thrive again? 31:00
Stock commentary in this episode is illustrative only, not recommendations to buy, hold, or sell any security.
More about Antipodes: antipodes.com