SPDR S&P/ASX 200 Listed Property in under Algo Engine buy conditions since February at $11.30. This week we’ve seen a further buy signal on the recent pullback to $12.50.
The SLF provides a basket trade with diversification across the REIT sector. SLF and GMG remain our preferred property allocations.
Cimic Group 1H21 earnings beat market expectations, with group revenue growth of 10.6%2 to $7.1bn and NPAT of $208m for HY21.
Factoring balance further reduced by $243m YTD from $976m at December 2020 to $733m at June 2021. 10.4bn of new work awarded in HY21, with total work in hand increasing to $33.3bn.
FY21 NPAT guidance of $400m-$430m maintained, subject to market conditions.
Cleanaway Waste Management is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
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Cleanaway Waste Management is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
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Week 2.
Monday, July 19th: IBM.
Tuesday, July 20th: Travelers, UBS, Philip Morris International United Airlines and Netflix.
Wednesday, July 21st: Verizon, Johnson & Johnson, Coca-Cola, Texas Instruments and Kinder Morgan.
Thursday, July 22nd: AT&T, Dow, Abbott Labs, American Airlines, Intel, Twitter, Snap, VeriSign, Domino’s Pizza, and Las Vegas Sands.
Friday, July 23rd: American Express and Honeywell.
Week 1.
Tuesday, July 13th: PepsiCo, JPMorgan Chase and Goldman Sachs.
Wednesday, July 14th: Bank of America, Citigroup, and Wells Fargo
Thursday, July 15th: Morgan Stanley, Charles Schwab, U.S. Bancorp, Taiwan Semi, UnitedHealth, and Alcoa.
Friday, July 16th: Ericsson and State Street.
Netflix, Inc. – Common is now under Algo Engine sell conditions. NFLX was in our NASDAQ and S&P model portfolios since June 2019. The recent switch to sell signals resulted in the holding being sold for a 53% gain after a 752-day holding period.
Netflix is due to report earnings on July 20. Our sector preference is Disney.
Disney was added to the S&P model in February 2018 and has since increased 72%.
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.
Buy Dec $20 call options as a stock replacement strategy. For more detail, please call 1300 614 002.
BetaShares Australian Equities Bear Hedge
The inverse ETF’s over the ASX200 are performing well. BEAR (single inverse ETF) and BBOZ (double inverse ETF) are both trading higher as the ASX200 XJO index retreats from the recent highs.
These instruments act as a hedge against existing long equity holdings or as an outright trading position in portfolios.
Chart – BEAR ETF
Apply a stop loss, should the XJO index reverse and trade up through the highlighted range.
Northern Star Resources is under Algo Engine buy conditions. NST & GOR remain our preferred gold stocks.
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Investor Signals Pty Ltd
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