The revenge of the real economy

Manufacturer Fisher & Paykel Healthcare is a stock doing well (Image: Fisher & Paykel Healthcare)

Tue, 17 Sep 2024

Call it the revenge of the real economy but after what seemed like years when "new economy" stocks – typically software or internet-linked stocks boasting great ideas but negligible revenues – achieved stellar valuations, slowly but surely, old economy stocks are fighting back.Take Xero and Fisher & Paykel Healthcare. Some months back, Xero's sharemarket worth far outdistanced F&P Healthcare, yet the medical equipment leader is now on the cusp of besting the sharemarket value accorded to the gl...

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