ASX stock tips: Fund managers doubles down on GYG, CSL, but sell down James Hardie

As the dust settles from the most volatile earnings seasons on record, fund managers have swooped in on some of the ASX’s most beaten up companies like Woolworths and CSL after their results failed to meet the market’s already lofty expectations.

Stock pickers also ran out of patience with others, and sold down stakes where management failed to convince them of a major acquisition or strategy shift like James Hardie and software giant Xero. Loading...