BlueScope Steel is under Algo Engine buy conditions.
With $285M of stock bought since August 2021, the Board has approved an increase in the scale of the buy-back program to allow up to a further $700 million to be bought over the next 12 months
BlueScope delivers record underlying EBIT of $2.20Bn, increases on-market buy-back; commences feasibility, analysis on blast furnace reline at Port Kembla
1H FY2022 Headlines
Reported NPAT: $1.64Bn
Underlying NPAT: $1.57Bn
Underlying EBIT: $2.20Bn
2H FY2022 GROUP OUTLOOK: Underlying EBIT in 2H FY2022 is expected to be in the range of $1.20 billion to $1.35 billion.
Qube Holdings is under Algo Engine buy conditions.
1H22 NPAT of $88 million was ahead of consensus expectations.
We see moderate levels of growth, supported by container volumes and ongoing strength in commodity demand, helping to underpin 3 – 4% EPS growth into FY23 & FY24.
Reece is under Algo Engine buy conditions. 1H22 result was above expectations, with underlying EBITDA increasing 14% to $397m. US performance was a key highlight and we expect 5 -7% EPS growth into FY23.
The stock trades on a forward yield of 1.5%.
Polkadot Crytop is now under Algo Engine buy conditions after creating a higher low formation and a pivot low at $14.15.
The price action has been supported by increased buying activaty above the $14.15 pivot low and we now have two trading sessions that have closed above the 10-day average.
Polkadot is an open-source platform that allows for distributed computing. The protocol was adapted by the Ethereum co-founder Gavin Wood and is developed by the Web3 Foundation with the initial implementation by Parity Technologies.
Polkadot’s first token sale closed on October 27, 2017, raising a total of 485,331 ETH (Ether, the currency of the Ethereum blockchain).
Polkadot allows for cross-chain transfers of data or assets, between different blockchains, allowing for cross-chain DApps (decentralized applications) to be built using the Polkadot Network.
The Polkadot network has a primary blockchain named relay chain and many user-created parallel chains called parachains. The beating heart of Polkadot is called the Relay Chain. It is the origin of the network’s shared security and consensus and facilitates cross-chain interoperability. Parachains can be attached to the Relay Chain and used for transaction verification and validation.
Danaher Corporation Common is under Algo Engine buy conditions.
4Q Dec 2021: net earnings were $1.8 billion, or $2.39 per diluted share which represents + 44% year over year. Non-GAAP earnings per share were $2.69 or + 29% y/y.
Revenues increased +20.5% year-over-year to $8.1 billion.
Full-year 2021: net earnings were $6.3 billion, or $8.50 per share which represents +74% year-over-year increase. Non-GAAP earnings per share for 2021 were $10.05, or +59 over the comparable 2020 amount. Revenues for the full year 2021 increased 32.0% to $29.5 billion.
Operating cash flow for the full year 2021 was $8.4 billion, representing a 34.5% increase year-over-year
Q4’21: Solid finish to another strong year
Total Payment Volume (TPV) of $339.5 billion, growing 23% on a spot and FX-neutral basis (FXN); net revenues of $6.9 billion, growing 13% on a spot and FXN basis.
FY’22: Expect TPV to reach $1.5 trillion and revenue to surpass $29 billion
• TPV is expected to grow 19%-22% at current spot rates.
• Revenue expected to grow 15%-17% on a spot basis; excluding eBay, revenue is expected to grow 19%-21%
• 15 to 20 million NNAs expected to be added to PayPal’s platform in FY’22.
We see long-term value in Paypal for the patient investor and anticipate that the company will make attractive bolt-on acquisitions, supported by low company debt and free cash flow, which will help support the growth story.
Short term, traders may wish to position a trade around the highlighted setup below, with a stop loss below the recent pivot low.
Medtronic plc. Ordinary is under Algo Engine buy conditions.
Medtronic sees rebound in elective procedures as Omicron surge wanes. Fourth-quarter profit was in line with Wall Street estimates.
Xero is under Algo Engine buy conditions. Buying support is likely to build within the $86 to $96 price range.
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