Six stocks of interest that reported to the market yesterday 1.ANZ-quarterly update was a touch soft, causing the stock to get hit hard yesterday morning, this...
Six stocks of interest that reported to the market yesterday 1.ANZ-quarterly update was a touch soft, causing the stock to get hit hard yesterday morning, this now leaves ANZ as the cheapest of the Big4 banks and hence fair value under $35. 2.CGF-The population getting older and needing income to live we all know is both a fact and a problem in Australia. This area is Challengers growth, yet the stock is priced as if its earnings are about to get hammered, I think the markets wrong. Buy with stops under $6.20. 3.CCL-A good result has turned me neutral from negative technically. 4.FMG-I remain extremely wary the IronOre sector, I am only buying for a trade and there is no decent risk reward opportunity at present. 5.MQG-The current low interest rate and asset inflation environment is excellent for MQG (Toll takeover today). Buy MQG with stops under $62, on the markets current PE it's easy to value MQG between $85 and $90. 6.SEK hit my $18.50-$19 target area before getting sold aggressively yesterday after reporting it earnings. I am now negative, targeting a retest of ~$15. (VIEW LINK)
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