Amcor – Shorts Will Need To Cover

Shares of Amcor are poised to rally as the Bemis takeover deal is finalised.

Hedge funds who are short Amcor & long Bemis will begin unwinding the trade, which will add to the AMC buy-side demand.

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We recommend accumulating Amcor at current levels.

In the local entertainment sector, Crown faced heavy selling last week following soft earnings numbers. With the stock now trading at $12.00, we believe value is now being presented.

Crown

 

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