Buy Hold Sell: Beaten up big caps – TLS, CBA, BHP, WPL, CSL
The big end of the market has been behind the major falls in the index in the recent quarter with few sectors escaping unscathed. In this episode of Buy Hold Sell we look at the very big end of town and a selection of widely held stocks that have recently come under selling pressure. With M&A action in the telco space and competition rising, will margins come under pressure at Telstra? Despite being viewed as the ‘best of the banks’ CBA shares have been sold off as dilutive raisings and a soft growth outlook weigh on investor appetites. BHP and Woodside have been exposed to the dramatic falls in commodity and energy markets but is there some light at the end of the tunnel? And after hitting the $100 mark in August CSL shares have drifted lower - is there some value in this long term performer? Matthew Kidman from Centennial Funds hosts Don Williams from Platypus and Chris Stott from Wilson Asset Management.