8 top 100 stocks to buy in September
The low expectations heading into reporting season were generally met. We calculate ASX200 FY15 earnings declined 2% and earnings expectations for FY16 were revised down by 1%. We take little comfort from companies' FY16 guidance to sway us from our cautious approach to the next few months while global events take centre stage. After reviewing our key picks post results we reiterate our confidence in our high conviction list. Our high conviction picks are companies we think offer the highest risk-adjusted returns over a 12-month timeframe, supported by a higher-than-average level of confidence. This month we make just one change, adding Challenger Limited (CGF). Visit the Morgans Blog for the full list and reasons to buy Challenger here (VIEW LINK)
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.