Cimic Group has been one of our high conviction ideas expressed to members during our regular Monday night webinars.
CIM offers exposure to above-average EPS growth supported by increased government and private spending on infrastructure in Australia, New Zealand and Asia.
CIMIC is scheduled to report full year earnings on 10 Feb with NPAT estimated to be around $650mil.
The recovery in the U.S. labor market appeared to stagnate for a second month, as non-farm payrolls increased by just 49,000 and December’s figure was downwardly revised to show 227,000 job losses, strengthening the case for further stimulus.
A break below 3,856 in the S&P500 will be negative for the momentum traders.
The A2 Milk Company is under Algo Engine buy conditions and has been among the worst-performing stocks within our ASX 100 model portfolio.
Downgrade to earnings as a result of the impact on the Daigou channel sales into China has resulted in EPS likely to be down 32%.
The market is not expecting any further negative surprises, as the company last provided an update in December. 1H21 results to be announced on 25th February 2021.
Commonwealth Bank of is under Algo Engine sell conditions and the company will report earnings on 10 Feb.
Our preference has been to be long the BetaShares Global Banks and the AXW:AXW fund.
AMZN:NAS is under Algo Engine buy conditions and is up 88% since being added to our US S&P100 model portfolio on 1/8/2019.
For the December quarter, AMZN posted record revenues of more than $125B, up a whopping 44% on the same time last year. AWS, (cloud services), had net sales of $12.7B with an operating income of $3.6B, more than half of the firm’s overall operating income.
Xero is under Algo Engine buy conditions and is a current holding in our ASX 100 model.
Orora is under Algo Engine buy conditions and is a current holding in our ASX 100 model.
Amcor is under Algo Engine buy conditions and is an overweight holding in our models.
Amcor raised guidance for 2021 EPS growth to 10 – 14%. The investment case for Amcor has never been stronger.
VanEck Vectors China New Economy is under Algo Engine buy conditions and is a current holding in our “ASX All ETF” model.
CNEW seeks to provide investors with access to a portfolio of the most fundamentally sound companies with the best growth prospects in the consumer discretionary, consumer staples, healthcare, and technology sectors that are domiciled and listed in Mainland China.
Vaneck Vectors Gold Miners is under Algo Engine buy conditions.
GDX provides broad exposure to the leading global gold producers. After the recent sell-off from $65 down to $44, we’re now seeing buying interest rebuild.
As a final confirmation, wait for the price action to trade above the 10-day average and the short-term momentum indicators to turn higher.
Level 17 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453
Or start a free thirty day trial for our full service, which includes our ASX Research.