Gold Road
The miner reported a slip in gold production and downgraded its full-year guidance in its latest quarterly report.
Santos
STO shares remain heavily discounted, given superior free cash flow. Barossa project progression, completion of PNG selldown, and the potential merger proposal from WDS are all positive catalysts.
We expect STO to report a solid 4Q on 25th January and we look to buy STO on the current dip in price.
Woodside Energy
BWP Trust
BWP offers a 5%+ yield and modest capital growth.
Beach Energy
Beach Energy is likely to benefit from the stronger oil price.
IGO
IGO has formed a higher low formation and the buying momentum has pushed the price action above the 10-day average.
US Earnings
Monday, January 29 – Whirlpool and Nucor.
Tuesday, January 30 – General Motors, United Parcel Service, Sysco, Pfizer, Alphabet, Microsoft, Starbucks, Mondelez International, and Advanced Micro Devices.
Wednesday, January 31 – Phillips 66, Boeing, Mastercard, MetLife, Qualcomm, and Boeing.
Thursday, February 1 – Merck, Honeywell, Altria, Amazon, Apple, Meta Platforms, Royal Caribbean Cruises and Post Holdings.
Friday, February 2 – Exxon Mobil, Chevron, AbbVie, and Charter Communications.
BHP
BHP Group has been in the model portfolio since February last year. We’ve had subsequent buy signals and we’re now presented with another Algo Engine buy signal, which has also generated an entry into the ASX 200 Trade Table.
The Trade Table suggests a stop loss at $45.55
Beach Energy
Beach Energy is setting up for a trade with the stop loss below the $1.50 higher low support level.
Trade Table: ASX 200
We have three new holdings in the ASX200 Trade Table.
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