The "Battle" of the Supermarkets... | US Stocks Lower as Greece Remains Vulnerable... | Energy Stocks Under Pressure |

Niv Dagan

Peak Asset Management

Good Morning, And Happy Friday… Once again, an ‘eventful’ week that has had some great days, but has also had some poor days, driving once again, or market lower… A key debate this week besides Greece, has been WOW vs. Wesfarmers…. Usually a “large” holding in portfolios, the debate has been “fierce”, especially given the growing competition arising from Aldi, Costco and others… So who wins the battle? Coles by a long way…. Last night, US stocks fluctuated throughout the day, after the biggest drop in three weeks, as health-care shares rallied on a US Supreme Court decision while investors watched for a breakthrough in Greek debt talks. Stocks in focus Shares in Sandfire Resources have hit a 10-month high in early trading after drilling found copper grades as high as 18.9 per cent. UBS has a "buy" rating on CSL Ltd (CSL) and a $105.50 target price. Credit Suisse has a "neutral" rating on Woolworths (WOW) and a $29.75 target price. The SPI is pointing to a 9 point fall on open


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Executive Director
Peak Asset Management

Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional,...

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