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...

Nicholas Forsyth

Market Matters

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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Nicholas Forsyth
Director
Market Matters

Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self...

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