Look For A Pull Back In TWE

Posted on | by Todd | Leave a Comment on Look For A Pull Back In TWE

Since hitting an intra-day low of $14.55 on January 16th, shares of TWE have rallied over 20% to a high of $17.75 yesterday.

Upgrades from several analysts combined with lower tax rates in the USA have given the shares a strong boost.

However, in a recent preview to their half-yearly results, CEO Mike Clarke suggested that there will be a major overhaul to their US distribution network.

Early estimates are that these changes could lower earning by $47 million to $655 million in 2018.

In addition, internal momentum indicators are now showing an overbought condition above $17.00.

We suggest looking to buy TWE on a pull back into the $15.30 area.

Treasury Wine

 

 

 

Morning Report – ASX top 50 buy / sell opportunities

Posted on | by Leon Hinde | Leave a Comment on Morning Report – ASX top 50 buy / sell opportunities

Welcome to our Morning Review video report. We look at buy signals in REITs DXS, SGP, GPT and the SLF (ETF).

Recent algo signals in SHL, IVC, AMC, AGL, AMP, IAG and highlight the buying interest in CIMIC today.

The video runs for 4 minutes and if you’d like to discuss the ideas presented,  please call our office on 1300 614 002.

Stay Long TabCorp

Posted on | by Todd | Leave a Comment on Stay Long TabCorp

After reaching a 6-year high of $5.75 on December 27th, shares of TabCorp dropped over 10% to post an intra-day low of $5.10 on January 25th.

In our January 10th blog, we suggested that investors could look to buy TAH in the $5.20 area for a move back above $5.70 over the medium-term.

TAH will go ex-dividend for 12.5 cents per share on February 7th and report their first-half results the next day.

This will be the first look at the company’s results since the merger with Tatts Group and could show impressive growth guidance, as well as cost savings.

At the current price, the 12.5 cent dividend reflects a 4.7% annual yield.

We believe it’s reasonable to expect the TAH share price to firm into next week’s results with initial resistance in the $5.70 area.

TabCorp