Cleanaway Waste Management is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
Traders may watch the price action for a bounce higher off the $2.40 support and an upturn in the short-term momentom indictaors.
Collins Foods is now under Algo Engine buy conditions.
Stop loss @ 10.18
The share price has now rallied to $11.01 and we see further upside to $11.80 – $12.00.
10/8 update:
CURE:AXW is under Algo Engine buy conditions and the current pullback provides another buying opportunity.
ETFS S&P Biotech ETF (ASX Code: CURE) offers investors exposure to U.S. biotechnology companies. These companies are engaged in research, development, manufacturing and/or marketing of products based on genetic analysis and genetic engineering.
.
Zip Co is under Algo Engine buy conditions and the short-term momentum indicators are now trending higher.
Pointsbet Holdings is now under Algo Engine buy conditions and we see buying support building above the $9.30 support level.
PointsBet Holdings Limited will release its FY2021 Financial Results and Investor Update on Tuesday, 31 August 2021.
Insurance Australia Group pre-released guidance and announced its expectations for FY21E cash earnings of A$747mn and guided to low single-digit growth in FY22E.
IAG trades on a forward dividend yield of 3.8%.
Buy IAG with a stop loss @ $4.70
6/8 Update: IAG now trading $5.00
9/8 Update: IAG is trading $5.20 after Suncorp released strong earnings today.
Iron Ore prices are now down 20% from the May peak of US$230 p/t, with the overnight close at US$180 p/t.
We expect buying support to build within the US$150 – US$180 price range. This will provide an entry-level to add to BHP and FMG.
Watch for RIO to soon shift to Algo Engine buy signals.
BetaShares Global Banks is now under Algo Engine buy signals and is a current holding in our “ASX All ETF” model.
Westpac Banking is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.
REA Group is under Aglo Engine buy conditions and among the best-performing stocks in our ASX model portfolio. REA was added to the ASX 100 model in September last year at $107.80 and is up 48.40%, (including dividends), to $159.42.
FY21 Revenue increased 13% to $927m and EBITDA increased 19% to $564m. Net Profit After Tax (NPAT) saw a similar lift of 18% to $318m.
The div increases to $0.72 per share and the ex-dividend date is 26 August.
We recommend buying the dip in REA, so please watch for the next Algo Engine buy signal. Long-term earnings growth will be underpinned by the recent acquisition of mortgage broker, Mortgage Choice.
Level 17 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453
Or start a free thirty day trial for our full service, which includes our ASX Research.