Collins Foods – Buy Signal
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.
Cleanaway – Buy
Cleanaway Waste Management is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
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Northern Star – Buy
Northern Star Resources is under Algo Engine buy conditions and is our preferred gold exposure.
NST continues to deliver strong results in the June quarter. Group production finished with 450koz at $1460oz, (up 23%), whilst seeing costs come down almost 10%.
We continue to see the twin factors of a strong gold price and cost-saving, (post-merger with SAR), helping to support the share price.
Buy NST
Link – Algo Buy
Link Administration Holdings is now under Algo Engine buy conditions and we view $4.80 as an attractive price to begin accumulating the stock.
Cure ETF – Buy
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.
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Link – Algo Buy
Link Administration Holdings is now under Algo Engine buy conditions and we view $4.80 as an attractive price to begin accumulating the stock.
Cure ETF – Buy
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.
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Macquarie Group – Buy Signal
Macquarie Group is now under Algo Engine buy conditions following the recent price retracement from $162 down to $148.
We see further upside for the Macquarie share price and the stock remains our preferred sector allocation.
IAG Insurance – Earnings Recovery
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
Level 17 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453
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