Move over WAAAX. Dividend payers will be new growth stars
He suggested the growth in the so-called WAAAX stocks (WiseTech Global, Appen, Afterpay Touch, Altium and Xero) would begin to slow, with their valuations driven largely by a fear of missing out rather than by underlying fundamentals. “While the WAAAX companies have interesting products, the market is pricing nothing but blue skies ahead,” he said.