The ASX just had a “clearance sale” here’s where Charlie Aitken is looking for bargains

LiveWire11-20

The recent sell-off on the ASX has all the hallmarks of a “classic, short, sharp bull-market correction.” The falling knife has stuck, and it’s now time to go shopping for bargains. That’s the view of...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2584908396?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-20 09:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2584908396","market":"us","top_or_hot":-1,"title":"The ASX just had a “clearance sale” here’s where Charlie Aitken is looking for bargains","media":"LiveWire","content":"<div>\n<p>The recent sell-off on the ASX has all the hallmarks of a “classic, short, sharp bull-market correction.” The falling knife has stuck, and it’s now time to go shopping for bargains. That’s the view of...</p>\n\n<a href=\"https://www.livewiremarkets.com/wires/the-asx-just-had-a-clearance-sale-here-s-where-charlie-aitken-is-looking-for-bargains\">Source Link</a>\n\n</div>\n","source":"livewire_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The ASX just had a “clearance sale” here’s where Charlie Aitken is looking for bargains</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe ASX just had a “clearance sale” here’s where Charlie Aitken is looking for bargains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-11-20 09:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.livewiremarkets.com/wires/the-asx-just-had-a-clearance-sale-here-s-where-charlie-aitken-is-looking-for-bargains><strong>LiveWire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The recent sell-off on the ASX has all the hallmarks of a “classic, short, sharp bull-market correction.” The falling knife has stuck, and it’s now time to go shopping for bargains. That’s the view of...</p>\n\n<a href=\"https://www.livewiremarkets.com/wires/the-asx-just-had-a-clearance-sale-here-s-where-charlie-aitken-is-looking-for-bargains\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CCR.AU","symbol_name":"CREDIT CLEAR LTD","start_time":0,"source_url":"https://www.livewiremarkets.com/wires/the-asx-just-had-a-clearance-sale-here-s-where-charlie-aitken-is-looking-for-bargains","article_id":"2584908396","we_media_id":null,"thumbnails":[],"rights":{"source":"livewire_stock","url":"https://www.livewiremarkets.com/wires/the-asx-just-had-a-clearance-sale-here-s-where-charlie-aitken-is-looking-for-bargains","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2584908396","pubTimestamp":1763602834,"columns":[],"sourceInfo":{"source_id":"livewire_stock","name":"Livewire Markets"},"weMediaInfo":null,"summary":"The recent sell-off on the ASX has all the hallmarks of a “classic, short, sharp bull-market correction.” The falling knife has stuck, and it’s now time to go shopping for bargains. That’s the view of Regal’s veteran market strategist Charlie Aitken, who believes Tuesday’s brutal session was driven by forced selling and deleveraging.Aitken made his name as a stockbroker in the early 2000s, and his daily Ringing the Bell email quickly became one of the most widely read pieces of market commentary.These days, Aitken’s notes are far less frequent, but he retains his trademark narrative and table-thumping style. Following the ASX 200’s worst fall since Liberation Day, Aitken has stepped up to argue that stocks have gone on sale and value is emerging.“Yesterday’s sell-off in Australian equities became indiscriminate. The entire ASX Top 20 was in the red. Not rotation, just a sea of red. That, my friends, is the ‘clearance sale’ of forced selling and deleveraging… exactly what also occurred ","collect":0,"end_time":0,"defaultTopTitle":"livewiremarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CCR.AU":"CREDIT CLEAR LTD","BK7511":"ESG概念","BK7095":"多种金属与采矿","BK7016":"应用软件","BHP.AU":"BHP GROUP LTD","BK7507":"资源股"},"translate_title":"ASX刚刚进行了一次“清仓大甩卖”查理·艾特肯(Charlie Aitken)正在寻找便宜货","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BHP.AU":0.9,"CCR.AU":1},"content_text":"The recent sell-off on the ASX has all the hallmarks of a “classic, short, sharp bull-market correction.” The falling knife has stuck, and it’s now time to go shopping for bargains. That’s the view of Regal’s veteran market strategist Charlie Aitken, who believes Tuesday’s brutal session was driven by forced selling and deleveraging.\nAitken made his name as a stockbroker in the early 2000s, and his daily Ringing the Bell email quickly became one of the most widely read pieces of market commentary.\nThese days, Aitken’s notes are far less frequent, but he retains his trademark narrative and table-thumping style. Following the ASX 200’s worst fall since Liberation Day, Aitken has stepped up to argue that stocks have gone on sale and value is emerging.\nIn a note sent on Wednesday, Aitken told his network:\n“Yesterday’s sell-off in Australian equities became indiscriminate. The entire ASX Top 20 was in the red. Not rotation, just a sea of red. That, my friends, is the ‘clearance sale’ of forced selling and deleveraging… exactly what also occurred on April 6th. A classic, short, sharp bull equity market correction.”\n\n\n\n\n\n\n\n\n\nImage: ASX20 stock performance 18/11/2025 (Source: Coppo Report)\nSigns of irrational selling\nBHP Group shares fell 3.7% on Tuesday despite most commodity prices remaining largely unchanged. Aitken made the point that literally nothing changed with regards to BHP’s profitability or outlook — it was simply caught up in broader weakness across Asian equities.\n“Look at BHP Group, for example. Down 3.7% yesterday despite an unchanged iron ore price (US$105/t), unchanged metallurgical coal price (US$195/t), uranium unchanged and copper down 0.6%.”\n“BHP is the first ASX Top 20 stock I’d look at this morning.”\nAitken says that, like all good clearance sales, the best bargains will get snapped up first. Beyond BHP, he points to small- and mid-cap industrials, many of which have experienced meaningful de-ratings, as the most likely to rebound the fastest.\n“There are widespread examples of growth company share prices being down 25% to 50%, with most likely no change to their underlying earnings growth and no change to the structural GDP+ growth thematic driving their earnings.”\nWhere Aitken is looking for bargains\nWhile Aitken stopped short of naming specific stocks, his message was clear: the small- and mid-cap industrials have been hit hardest, and that’s where the best opportunities are likely to be found.\nHe put forward the following sectors and thematics with “structural GDP+ growth tailwinds”:\n\nGlobal Defence Spending\nAI Capex Spending (Picks & Shovels)\nThe Nuclear Energy Renaissance/Power\nFuture-Facing Commodities\nGold\nFintech/Crypto\nFamily Safety\nExperiences\n\nThese areas have also borne the brunt of the recent sell-off - but that’s exactly where Aitken sees opportunity.\n“In periods of volatility, the seeds of portfolio alpha are planted.”\n\n\n\n\n\n\n\n\n\nCharlie Aitken and Dean Fergie\nA sell-off, or is sentiment shifting?\nWhile many high-growth companies have experienced 25–30% falls from recent highs, Cyan’s Dean Fergie argues many still look richly priced. The table below shows the 20 most expensive industrial stocks above a $500 million market cap, ranked by EV/EBITDA.(Click image to enlarge on desktop)\n\n\n\n\n\n\n\n\n\nSource: Cyan Investment Management\nThese companies have led the charge in 2025, but Fergie’s view is that they remain expensive on traditional valuation metrics. Few of the names - perhaps with the exception of DroneShield - have materially disappointed the market. The selling has been broad-based and indiscriminate.\nFergie believes the recent sell-off marks a broader shift in sentiment and points to Bitcoin, which has fallen 27% from its 2025 high, as a proxy for fading risk appetite. His take is that the market is moving away from the “growth at any price” mindset that dominated the first half of the year. In short, the investors who drove these stocks to extreme valuations were there for a good time, not a long time.\n“The worm has definitely turned. Non-emotional and momentum-driven investors will just cut their positions and move on.”\nFergie readily admits he has been watching from the sidelines as many of the stocks listed above continued to defy gravity.\n“It seemed like traditional valuation metrics didn’t matter. Now it looks like it does matter because the whole cohort is unwinding.”\nDespite the substantial de-rating of these high-flying stocks Fergie is yet to see compelling value on offer. The only name he's been adding to Cyan's portfolio recently is Credit Clear (ASX: CCR), following a UK-based acquisition aimed at substantially increasing the firms' addressable market. \nIt pays to be positive\nDuring bouts of volatility, it’s easy to fixate on negative narratives. Aitken argues investors are better served by flipping this thinking on its head and considering what could go right.\nUS rate cuts may still come through, earnings could remain resilient, commodity prices may surprise to the upside, and the US economy could reaccelerate.\nIn his view, the balance of positives still outweighs the negatives, and staying fully invested and diversified across asset classes will continue to reward investors.\nSo far he appears to be right, particularly in light of last night's Nvidia results, which handsomely beat very lofty expectations. The financial world was collectively holding its breath into the release but has now exhaled and hit the buy button once again, with the ASX 200 currently up around 80 points. \nFor now, the music is still playing and the party looks set to continue. \n\n\n\nNever miss an update\n\n    Enjoy this wire? Hit the ‘like’ button to let us know. \n    Stay up to date with my current content by \n    following me below and you’ll be notified every time I post a wire","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2584908396","isCrawlerRequest":true}