{SNAP.NYS} is under Algo Engine buy conditions. The correction in high PE technology and the negative impact to earnings from the change in Apple’s advertising privacy regulations have seen Snap correct from $80 down to $38. Even after the 50% correction, Snap remains on 80x PE.
Despite the still high PE ratio, Snap offers tremendous growth and we’re accumulating the stock within our defined range.
Medtronic plc. Ordinary is under Algo Engine buy conditions. We sell value at $100 and expect to see buying interest remain strong above this price level.
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Qube Holdings is under Algo Engine buy conditions.
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 .
Woolworths Group announced a disappointing trading update which revealed COVID had weighed heavily on earnings during the first half. 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.
Domino’s Pizza Enterprises is under Algo Engine buy conditions.
ResMed is under Algo Engine buy conditions and we see buying support building within the $30 – $33 price range.
Cochlear is now under Algo Engine buy conditions and has been added to our ASX 100 model portfolio.
COH has rallied from $175 to a high of $257. The subsequent pullback has seen buying interest rebuild at the higher low of $207. This is the second cluster of Algo Engine buy signals and we’ve taken the opportunity to add to our original allocation.
Woolworths Group announced a disappointing trading update which revealed COVID had weighed heavily on earnings during the first half. 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.
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