Wesfarmers is under Algo Engine buy conditions and is a current holding in our model portfolio.
Wesfarmers now holds 19.3% of Australian Pharmaceutical Industries. The acquisition has less than two weeks left in confirmatory due diligence. The battle between Sigma and Wesfarmers for the API business and final offers will be worth watching.
Accumulate.
1/11 update: Retain long exposure and traders may decide to shift the stop loss to Friday’s low.
Domino’s Pizza Enterprises is under Algo Engine buy conditions and is among the best-performing stocks in our ASX 100 model portfolio. The stock is up 74% since being added in November last year.
The recent pullback and higher low formation has generated another entry reminder. Accumulate DMP within the $115 to $135 price range.
1/11 update: DMP continues to see buying interest build above the $135 support level.
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.
Continue to track the CWN share price and wait for a cross above the 10-day average.
12/8 update: CWN is now trading above the 10 day average.
18/10 update: Crown recovery continues, buy with a stop loss below $8.75
1/11 update: The recent move back down to $10 is likely to find renewed buying interest. We remain long CWN shares.
The updated 5-year performance data for all Algo Engine buy and sell signals for the period ending 30 September.
Model Name: ASX S&P100 is 15.38% p/a.
Model Name: ASX ALL ETF is 14.85%.
Model Name:US S&P100 is 17.53% p/a.
June 2021 Data:
The updated 5-year performance data for all Algo Engine buy and sell signals for the period ending 30 June 2021
Model Name: ASX S&P100 is 14.87% p/a.
Model Name: ASX ALL ETF is 14.9%.
Model Name:US S&P100 is 19.29% p/a.
Disclaimer: This data illustrates the simulated 5 year historical time weighted rate of return of applying our algorithm based investment model over the ASX100 & US S&P100 listed securities. Past performance is no guarantee of future returns.