Top stocks to buy before reporting season
Top stocks to buy before reporting season. The recent step-up in volatility amid a tepid Australian economy places increased importance on the February results season. The diverging global economic growth outlook, eurozone debt concerns and the fallout from the oil crunch all pose new threats to investment returns via higher volatility and the re-pricing of risk. In a benign growth environment, we advocate a highly selective, bottom-up approach to stock selection in 2015, with the February results season offering a critical health check of Aussie corporates. Here are our three best stock ideas coming into the 1H results: Corporate Travel (CTD) - Increasing market share, offshore acquisitions and the falling AUD should underpin strong earnings growth and potential upgrades. Possible inclusion into the S&P/ASX 200 Index in March offers another kicker. Our share price target for CTD is A$11.20. Visit the Morgans Blog for our two other picks: (VIEW LINK)
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.