Crown – Buy

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

Appen – Earnings Review

Machine learning and AI specialist Appen (APX) has downgraded its earnings guidance due to the COVID-19 pandemic downturn.

The company’s guidance is for EBITDA in the range of $100 million to $110 and the company anticipates a return to strong growth in FY22.

VanEck Global Healthcare Leaders ETF

VanEck Vectors Global Health Leaders is under Algo Engine buy conditions.

HLTH invests in a diversified portfolio of leading international developed markets (ex-Australia) companies with the best growth at a reasonable price (GARP) attributes from the global healthcare sector with the aim of providing investment returns, before fees and other costs, which track the
performance of the Index.

iShares Asia 50 ETF – Buy

iShares Asia 50 is under Algo Engine buy conditions and is a current holding in our iShares ETF model.

INVESTMENT OBJECTIVE: The fund aims to provide investors with the performance of the S&P Asia 50TM Index, before fees and expenses. The index is designed to measure the performance of the 50 leading companies listed in China, Hong Kong, Macau, Singapore, South Korea and Taiwan.