TOP ASX Growth Stocks To Watch: February 2022 📈 (SQ2, IMU, WBT, BHP)

TL;DR

In this video, the speaker discusses four ASX-listed companies that are stocks to watch in February, including Block, BHP, Weebit Nano, and Imugene.

Transcript

january has come and gone and with it we had a broad-based market correction across many of the leading global indices investors are now wondering what happens from here we're of course into february and february brings with it earnings earnings season is that time to get insights into company's progress and also some thoughts about what the pathwa... Read More

Key Insights

• 🧘 Block's arrival on the ASX has generated excitement and positions it as one of the largest technology players on the exchange.
• 😀 BHP's unification and focus on future-facing commodities indicate potential growth and M&A opportunities in the resources sector.
• ❓ Weebit Nano's technological developments, institutional investments, and partnerships showcase its potential for commercializing embedded memory technology.
• 🧘 Imugene's progress in clinical trials, partnerships, and IP portfolio expansion solidify its position in the biotech industry.
• 😮 Rising bond yields and market corrections have affected the valuations of technology stocks, including Block.
• 🧑‍🏭 BHP's climate transition action plan reflects the increasing focus on ESG factors in the industry.
• 🤨 Weebit Nano's ability to move past suppressive factors like capital raises and options expiry may contribute to its future growth.

Questions & Answers

Q: What is the significance of Block's acquisition of Afterpay?

The acquisition has made Block one of the largest technology players on the ASX. It provides potential cross-selling opportunities between Block's seller's ecosystem and Afterpay's buy now, pay later services.

Q: What future-facing commodities is BHP looking to grow its exposure to?

BHP aims to invest in commodities related to future technologies, such as lithium, cobalt, and copper. These investments align with the company's strategy to transition towards cleaner and greener resources.

Q: How is Weebit Nano positioned in the market?

Weebit Nano is positioned as a leader in embedded memory technology. Its recent technological developments, institutional investments, and partnerships indicate potential growth and commercialization opportunities.

Q: What recent milestones has Imugene achieved?

Imugene has achieved significant milestones, including the completion of a major trial stage, partnerships with global players like Roche, and the expansion of its IP portfolio. These developments enhance the company's position in the biotech sector.

Summary & Key Takeaways

• Block (ASX: SQ2) is generating excitement after its acquisition of Afterpay and is now one of the largest technology players on the ASX. It offers a seller's ecosystem and cash apps, with potential cross-selling opportunities between Block and Afterpay.

• BHP is a leading blue-chip company in the resources sector. The recent unification of its UK and ASX listings has increased its weighting on the benchmark index. BHP aims to grow its exposure to future-facing commodities and may engage in further M&A activity.

• Weebit Nano (ASX: WBT) has attracted attention with its technological developments and institutional investments. The company is focused on commercializing its embedded memory technology and continues to explore new partnerships and innovations.

• Imugene (ASX: IMU) has had a significant amount of news flow and milestones in recent months. The biotech company has expanded its IP portfolio, appointed key personnel, received funding, and made progress in clinical trials.