Sorry, but this content is restricted to our members.
Please login with your account or register for a free trial. If your trial has expired, then you may renew it here.
If you are having an issue with your account, then please get in touch with us.
Sorry, but this content is restricted to our members.
Please login with your account or register for a free trial. If your trial has expired, then you may renew it here.
If you are having an issue with your account, then please get in touch with us.
ASX 200 REIT index was up 5.3% for the month of November, outperforming the broader ASX 200 index, which was up 1.6%.
The strong performance within the REIT’s can be attributed to the flattening yield curve and doubts over the reflation trade.
Our preference has been, WFD, SCG, GPT and the SLF property ETF.
Telstra’s future earnings are sensitive to delays in the NBN payments The latest announcement will see $600m in earnings pushed out to later years.
FY18 EPS reduces from $0.32 to $0.29. The good news is TLS has reiterated its $0.22 DPS guidance for FY18.
Further, we expect Telstra to develop additional long-term revenue streams through growth in Mobile as well as products within 5G and Big Data solutions.
However, as tempting as it is to accumulate TLS at these levels, it may prove prudent to wait for the “higher low” formation and the next Algo Engine buy signal.
US 3Q GDP grew faster than originally estimated, at 3.3%. The improvement was on the back of improved readings for business investment and government spending.
For the first time since 2010, the world economy is outperforming consensus exceptions and 2018 outlook for global GDP forecast now stands at 3.6 – 4.0%.
iShares Global 100 ETF is up 20% in 2017.
The S&P/ASX 200 Index finished the week to Friday up 0.12%.
The best performer was the Utilities sector, up 4.5% and the worst performer was the Materials sector, down 1.2%.
Our Algo Engine has triggered a number of buy signals in ORG, as the two year downtrend reversed and a new uptrend of “higher lows” commenced in early 2016.
The recent buy signal at $6.75 means the stock is still in our ASX 50 Model Portfolio, however, shorter-term investors may wish to consider taking profit, as the stock now looks fully valued.
Following the recent sell-off in the major banks, we’re now seeing the Algo Engine flag the short-term “higher low” formation.
We’re cautious about entering these positions on the long-side due to the regulatory risks the banks face & the limited top-line revenue growth outlook for the sector. However, the search for yield may support another push higher in prices.
ANZ, NAB & WBC are buy signals, (place stop loss below signal low), CBA & SUN are showing sell signals.
We recommend buying WPL as a new “higher low” formation builds at $31.50.
The last Algo Engine buy signal was triggered back in June, with WPL bottoming-out in September at $28. The recent retracement and higher low at $30.60 now looks to be a solid base.
Over the last two weeks, the price of Gold has made two attempts at breaking through the $1300.00 mark.
On both occasions, the yellow metal dropped back to find support just above the $1270.00 level.
This technical pattern is known as a “pennant” formation and is a continuation pattern. In this case, the break out points for range extension are $1308 and $1263.
Fundamentally, the case for buying Gold remains compelling. The surge in volatility across global stock markets combined with heightened geopolitical uncertainty supports the logic for owning Gold or Gold mining shares.
We expect the price of Gold to break through the $1300 level over the near-term. Our preferred Gold mining shares are NCM, EVN, SBM and SAR.
Investors looking to profit from a rally in Gold can either buy these shares outright, or buy their CFDs listed on our SAXO Go platform.
Spot Gold
Newcrest Mining
Santa Barbara Mining
Evolution Mining
Level 29 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453
Or start a free thirty day trial for our full service, which includes our ASX Research.