Company Interview / John says the time is right for these three stocks

John Lockton from Sandstone Insights says Block's (ASX:XYZ) downgrade stems from management execution issues rather than macroeconomic factors. He raises doubts about optimism returning until management proves they understand the business cadence. The forthcoming quarterly update is pivotal for recovery.

John addresses potential M&A moves involving WiseTech and E2open, noting that unlike James Hardie's (ASX:JHX) significant acquisition, this would be smaller, possibly requiring equity raising. Wisetech (ASX:WTC), with larger multiples than E2open, would need strategic planning for effective integration.

Regarding retail, John has preferred Coles (ASX:COL) for its execution over the past year but now suggests shifting focus to Woolworths (ASX:WOW). He sees potential in eradicating Big W’s losses through divestment, relieving $1B of lease liabilities.

Additionally, corporate travel (ASX:CTD) faces a slowdown, particularly in US operations.