Amcor – Buy
Amcor has guided towards 10 – 14% EPS growth which is attractive for a relatively defensive business.
We expect buying interest to build above the recent $15.00 support level.
Northern Star – Buy
Northern Star Resources is under Algo Engine buy conditions and remains the only gold stock in our Algo Engine model portfolio.
If inflation is a temporary phenomenon caused by pent-up demand and supply chain issues, it is likely the 10-year yield will run into resistance and gold will soon find renewed buying interest.
Buy NST @ $10.00
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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Link – Algo Buy
Link Administration Holdings is now under Algo Engine buy conditions.
Macquarie Group – Buy Signal
Macquarie Group is now under Algo Engine buy conditions following the recent price retracement from $162 down to $148.
Macquarie Group recently announced a net profit after tax attributable to ordinary shareholders of $3.01bn for the year ended 31 March 2021 (FY21), up 10 percent on the year ended 31 March 2020 (FY20).
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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BHP – Algo Buy Signal
BHP Group is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
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Crown – Is it an opportunity?
The current weakness in the Crown share price could be a buying opportunity. It’s unlikely that the current COVID-related operational impacts are going to deter the interested parties who have put forward takeover offers.
CIMIC – Are we at an inflection point?
CIM:ASX is likely to see improved earnings in FY22 and we expect to soon see a recovery in the share price.
CIMIC is a high risk counter trend investment with the prospect of a multi-year recovery, once earnings hit an inflection point.
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