Afterpay – 3Q21 Earnings

APT:ASX remains under Algo Engine buy conditions.

The company released its 3Q21 update to the market, with sales of $5.2bn. This reflects a doubling in revenue on the same time last year.

APT have informed the market, they will be considering the possibility of a US listing.


CSL – Algo Buy

CSL:ASX is under Algo Engine buy conditions.

1H21 NPAT of US$1.8bn. FY21 guidance retained at US$2.2bn, which implies a weaker 2H21. We expect to see earnings upgraded prior to the completion of the 2H.

CSL trades on a forward yield of 1%.

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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IAG – Recovery Play

We add IAG to our “high risk” recovery basket, which also includes CIM & A2M.

We expect IAG to see improved earnings into FY22 & FY23. It’s likely we’re nearing the inflection point, where investors begin pricing in the anticipated recovery.

Buy IAG with stops below $4.60