Sonic Healthcare is under Algo Engine buy conditions and is up 20% since being added to our model in February 2020.
We anticipate further EPS upgrades when Sonic reports 1HFY21 earnings on 18 Feb.
High single-digit earnings growth supports the 3.6% forward dividend yield.
ResMed is under Algo Engine buy conditions and is now up 84% since being added to our model in October 2018.
RMD delivered a solid earnings result and upgrades to earnings are partially offset by the stronger AUD.
RMD is looking to resume share buybacks in 2H21.
We see buying support at $26 and suggest investors look to accumulate the stock.
Qube Holdings is under Algo Engine buy conditions and we see price support at $2.50 – $2.70.
December container volumes continue to improve, up 7.2% on the same time last year.
Newcrest Mining is under Algo Engine buy conditions and we see buying interest increasing as the “risk off” trade builds momentum.
Newcrest delivered a decent quarter in terms of production at all sites but costs were significantly higher than expected.
Buy NCM $25.50 on valuation grounds.
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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.
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.
APA is under Algo Engine buy conditions and we see buying support building, as the price action crosses above the 10-day average.
ASX is under Algo Engine buy conditions and is now likely to find buying support.
Goodman is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
FY20 NPAT was up 12.5% to A$1,060.2mn, and the company is guiding to 9% EPS growth in FY21.
Relative to its A-REIT peers, GMG is trading on an elevated earnings multiple, however, this is not the case when compared to its global peers.
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