Northern Star – Buy
Northern Star Resources is under Algo Engine buy conditions and is our preferred gold exposure.
iShares Asia 50 ETF – Buy
iShares Asia 50 is under Algo Engine buy conditions and is a current holding in our iShares ETF model.
INVESTMENT OBJECTIVE: The fund aims to provide investors with the performance of the S&P Asia 50TM Index, before fees and expenses. The index is designed to measure the performance of the 50 leading companies listed in China, Hong Kong, Macau, Singapore, South Korea and Taiwan.
COH – Algo Buy Signal
Cochlear is now under Algo Engine buy conditions and has been added to our ASX 100 model portfolio.
We expect 10% EPS growth over the next 12 months. Although, the stock remains expensive at 40x earnings and trading on a 1.8% yield.
Since writing the above post in Dec last year, COH has rallied from $175 to a high of $257. The subsequent pullback which bottomed on Monday this week has seen buying interest rebuild at the higher low of $222.
This is the second cluster of Algo Engine buy signals and we’ve taken the opportunity to add to our original allocation.
AZJ – Buy Signal
Aurizon Holdings is under Algo Engine buy signals.
Aurizon reported underlying earnings before interest taxation depreciation and amortisation (EBITDA) of $1.48 billion and told investors to expect underlying EBITDA of between $1.42 billion-$1.5 billion in fiscal 2022.
Wesfarmers – FY21 Earnings
Wesfarmers is under Algo Engine buy conditions.
FY21 result was slightly above expectations with underlying EBIT up 21% to $3.55bn.
WES has proposed a A$2.3bn (A$2.00 per share) capital return that is expected to be paid in December (subject to shareholder approval).
WES advised that its retail divisions have been affected by recent lockdowns with trading restrictions and several store closures. Any correction in the share price below $60 will offer a buying opportunity.
WES trades on a forward yield of 2.5%.
Bega – FY21 Earnings
Bega Cheese is under Algo Engine buy conditions.
The FY21 result beat forecasts on a number of key metrics, with FY21 sales +38%, underlying EBITDA increased +38%, and NPAT up 24%.
FY22 BGA is targeting further earnings growth and to realise the synergies from the LD&D acquisition.
Paypal – Buy Signal
PayPal Holdings, Inc. – Common is under Algo Engine buy conditions and has been in our US S&P100 model portfolio since Sep 2020. The stock is up 63.80% after 347 days.
The low earlier this month at $266 triggered another buy signal which makes it the second cluster of buy signals since the original switch to buy in 2020.
Amazon – Buy Signal
Amazon.com, Inc. – Common is under Algo Engine buy conditions and has been in our US S&P100 model portfolio since Aug 2019. The stock is up 84.40% after 761 days.
Last week’s low at $3,175 triggered another buy signal which makes it the third cluster of buy signals since the original switch to buy in 2019.
Amgen – Buy Signal
Amgen Inc. – Common is under Algo Engine buy conditions and is a current holding in our US S&P100 model portfolio.
COH – Algo Buy Signal
Cochlear is now under Algo Engine buy conditions and has been added to our ASX 100 model portfolio.
We expect 10% EPS growth over the next 12 months. Although, the stock remains expensive at 40x earnings and trading on a 1.8% yield.
Since writing the above post in Dec last year, COH has rallied from $175 to a high of $257. The subsequent pullback which bottomed on Monday this week has seen buying interest rebuild at the higher low of $222.
This is the second cluster of Algo Engine buy signals and we’ve taken the opportunity to add to our original allocation.
Level 17 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453
Send our ASX Research to your Inbox
Or start a free thirty day trial for our full service, which includes our ASX Research.