Lendlease has issued a profit warning indicating statutory profit after tax of $200 – $320 million, blaming the interruptions caused by the coronavirus, which have hit rents and development activity in London especially hard.
The group’s balance sheet remains strong with gearing expected to be below the bottom end of the target range of 10-20%.
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.
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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Amcor has guided towards 10 – 14% EPS growth which is attractive for a relatively defensive business.
We expect buying interest to build above the recent $15.00 support level.
WPL:ASX is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.
The recent pullback and higher low at $22.50 provide another opportunity to buy the stock.
Amcor has guided towards 10 – 14% EPS growth which is attractive for a relatively defensive business.
We expect buying interest to build above the recent $15.00 support level.
Northern Star Resources is under Algo Engine buy conditions and remains the only gold stock in our Algo Engine model portfolio.
If inflation is a temporary phenomenon caused by pent-up demand and supply chain issues, it is likely the 10-year yield will run into resistance and gold will soon find renewed buying interest.
Buy NST @ $10.00
Cleanaway Waste Management is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
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Link Administration Holdings is now under Algo Engine buy conditions.
Macquarie Group is now under Algo Engine buy conditions following the recent price retracement from $162 down to $148.
Macquarie Group recently announced a net profit after tax attributable to ordinary shareholders of $3.01bn for the year ended 31 March 2021 (FY21), up 10 percent on the year ended 31 March 2020 (FY20).
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