CYB – AGM on 30th January

CYB is under Algo Engine buy conditions and we draw your attention to the higher low formations and buying interest, ahead of the AGM next Wednesday.

We maintain our view that the Virgin Money acquisition will deliver long-term shareholder value, even so, applying a stop-loss below the support line is advised.

Starbucks Corp – Algo Buy Signal

Starbucks, (NASDAQ listing), was added to US 100 model portfolio in December at $61.

Shares in Starbucks are now trading at $66 after the company reported better-than-expected sales and earnings growth.

It also expects revenue to grow by 5 to 7 percent during fiscal 2019.

Investor Signals now offers US equities and if you’d like our assistance in building a US blue-chip portfolio, please call 1300 614 002.

Another US blue-chip we’ve been buying is Lockheed Martin (NYSE: LMT).

LMT declared a quarterly dividend of $2.20 per share. The dividend will be payable on March 29, with an ex-dividend date of February 28. The annual yield is 3.1%.

Our Algo Engine generated a buy signal and we added LMT to client accounts at $260.



Gold Miners – Large Cap

Evolution Mining shares dropped 5% yesterday after announcing gold production in the December quarter fell from 186k to 181k ounces.

Both Northstar and Evolution revealed higher production costs over the quarter.

EVN & NST remain in our ASX top 100 model portfolio whereas, NCM was removed. Looking forward, it is reasonable to expect NCM to be added, but at lower prices to where it trades today.

OZL is under Algo Engine sell conditions – OZL’s 4QCY18 production result was solid and the company has upgraded gold production for Prominent Hill.

We see a buy side opportunity approaching with NCM and we’ll update you on the next Algo Buy signal.






Santos – Delivers Top Line Growth

Santos reported stronger revenue growth with the lift in LNG sales, a highlight of the result.

The December quarter helped support a 19% increase in full-year sales, to a record $US3.7bn. Record LNG sales for Dec quarter of $US450mn.

Both Santos and Oil Search are current holdings in the ASX 100 model portfolio.

The charts below show the higher low patterns and the support levels for investors to watch.




BHP & RIO – Now Under Sell Conditions

Our Algo Engine has a sell signal on the XJO and we also draw your attention to the sell signals in the large cap miners, BHP & RIO.

The lower high formations and subsequent sell signals occurred in these two names, well ahead of the sell signal on the index.

The charts below show selling pressure has gathered momentum, following  flat production guidance and lower price realisation in 2019.