4 high conviction buys for March

Morgans Financial Limited

Morgans Financial Limited

With reporting season over, we make a number of changes to our high conviction list this month. Results provided enough reason to start accumulating in stocks that have been weighed down by market sentiment despite relatively robust earnings. In our ASX100 list, we add Westpac Bank, AMP and Orora and remove ANZ and Qantas. In our ex-100 list, we add IPH, APN Outdoor and RCG. While volatility may drive short-term performance, the quality of earnings and relatively attractive valuations give us confidence of outperformance over the next 12 months. As the focus shifts from earnings to the macroeconomic environment, volatility will again remind us why it’s important not to be complacent with exposure to the equity market. The strong divergence in performance between outperformers and laggards has widened significantly so it remains firmly a stock pickers’ market. Our strategy of holding relatively higher levels of cash and sticking to strong conviction ideas remains intact. See our top picks for March: (VIEW LINK)


Morgans Financial Limited
Stockbroker
Morgans Financial Limited

Morgans is Australia's largest national full-service retail stockbroking and wealth management network with over 240,000 client accounts, 500 authorised representatives and 950 employees operating from offices in all states and territories.

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