Three household names are getting dumped, do we buy? Three stocks Market Matters have been negative on during 2014, have experienced accelerated selling over...

Nicholas Forsyth

Market Matters

Three household names are getting dumped, do we buy? Three stocks Market Matters have been negative on during 2014, have experienced accelerated selling over recent weeks. The question is - Are they becoming attractive? While the Dow remains only 0.3% below both all-time and 2014 highs, the ASX200 continues to languish, yesterday closing 21.7% and 5.5% respectively, below the comparative milestones. Three of the culprits for this poor performance by the Australian market are my focus today with BHP (2) and Woolworths (8) in our top 10 stocks by market capitalisation. The awful performance from these 3 blue chips becomes extremely concerning when we consider that the ASX200 is mildly positive for 2014. I remain bearish all three stocks and would not consider buying them in the near future. see further derails below (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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