High conviction stocks for April

Morgans Financial Limited

Morgans Financial Limited

Healthcare was in the spotlight this month due to falls in some of the big names on the back of a rising US dollar. There’s around an 80% correlation between healthcare stocks and the currency, but while we do see some further potential downside for the AUD, in our view it’s worth waiting until after the May budget to dip into the healthcare sector. As company news flow slows down, the spotlight again turns to chatter about central bank policy. We expect the market to be directed by central banks, but the A$19b in dividends being paid in March and April should provide strong support for the equity market before the May confession season. The pace of earnings growth across the market remains uneven and we urge investors not to be complacent sitting on legacy positions. For the full update on Morgan’s High Conviction stocks for April watch the video below.


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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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