Woolworths Group is under Algo Engine buy conditions. The retailer anticipates $215mil in COVID-related expenses and before tax profit to fall from $1.3bn to $1.2bn.
We see value in the stock within the highlighted price range.
The graph of the S&P500 shows faltering short-term momentum with overhead resistance at 4590 in the S&P500 index.
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Traders will be monitoring next week’s price action based on the above pattern.
19/2 update: The S&P500 remains below the 10-day average.
Bitcoin is under Algo Engine sell conditions and the price action remains below the 10-day average.
Gold Road Resources remains our preferred gold exposure.
8/2/22 Update: Algo investors are likely already set in GOR. Traders will now be recognizing the first test, first fail, (FTFF), and will be setting their entry and stop loss.
14/2 update:
18/2 update:
SLF:AXW is under Algo Engine buy conditions and is a current holding in our ASX ETF model portfolio.
SLF, LLC and GMG are our preferred property exposures.
Woodside Petroleum is under Algo Engine buy conditions and is a current holding in our ASX 100 model.
17/2 Update: WPL has now rallied 25%+
Goodman is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We expect 14% EPS growth into FY22 .
17/2 Update: GMG has now rallied 10%+
Insurance Australia Group is under Algo Engine sell conditions.
1H22 cash NPAT of A$173m. Outer year growth could be material for IAG and we’ll be watching for a return to algo buy conditions later this year.
Risks to our IAG valuation and target price revolve around the pricing and claims
environment for insurers in Australia and New Zealand, including catastrophe
events.
Aurizon Holdings is under Algo Engine buy conditions. 1H22 underlying EBITDA was down 1.5% to $727m and underlying NPAT was $257m.
We expect Bulk to continue being strong, with record crop production across Australia and new
contracts, although a soft volume outlook for Coal leaves low single-digit earnings growth at best for FY22.
The dividend was $0.105 with a payout of 75%. The forward div yield is now 5.7% and EPS growth likely to be flat to +2%. OneRail transaction is progressing with key ACCC assessment due in
March.
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