Aristocrat Leisure: Positive Momentum
Aristocrat Leisure continues to build positive momentum following the switch to Algo Engine buy conditions in July.
Downer EDI: Breakout
Downer EDI is now an open trade with a stop loss below the pivot low.
Tabcorp: Trade Setup
TABCORP Holdings needs to hold the $0.80 FTFF support.
Lend Lease: Trade Setup
Lendlease needs to hold the $6.29 FTFF support.
Altium: Investor Day
Altium is under Algo Engine buy conditions.
ALU’s investor day on 16 November will provide an update on revenue guidance and further details on its
fast-growing 365 cloud product.
Update 8/11:
Watch Last Night’s Webinar
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Investor Club: Top 5
Following last night’s webinar, I highlight below my top 5 to ideas to focus on in today’s market.
- LLC
- TAH
- WPL
- STO
- HLTH
Lendlease: Buy + Stop Loss
Lendlease provides a great way to play a recovery in the oversold property names. Buying momentum is increasing but a stop loss is required at the $6.09 pivot low.
Cloud ETF: Buy
BetaShares Cloud Computing is under Algo Engine buy conditions and we expect buying support to hold at $10.50
Westpac: FY22 Earnings Review
Westpac Banking reported FY22 earnings of $7.195bn which is up 12% on the same time last year. Total FY23 dividends $1.42 which represents a payout ratio of 70%.
WBC announced they will commence a $1.5bn on-market share buyback.
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