Amcor – Buy
Amcor is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
Amcor goes ex-div $0.17 on 3 March.
US Earnings Review 2021
Investors will be anxious to see whether upcoming quarterly reports and outlooks from U.S. companies validate expectations for a strong 2021 & 2022 rebound in S&P 500 earnings.
U.S. banks begin reporting fourth-quarter results tomorrow and headlines could show profits plunged by as much as 40% from the same time last year.
The 40% growth priced into equities from 2020 to 2022 seems overly optimistic, especially if bank profits from trading and investing activities begin to taper off.
Ansell – Algo Buy
Ansell is under Algo Engine buy conditions and we see support building within the $33 – $36 level.
ANN goes ex-div $0.33 on 24 Feb.
Subscribers to our Options Pro service should look at buying the Feb $34.50 calls as a leveraged exposure. For more detail on our strategy, please call 1300 614 002.
CBA – Algo Sell Signal
Commonwealth Bank of is under Algo Engine sell conditions. We remain concerned about the declining profitability in retail banking.
Sell or short CBA on a break lower in the short-term momentum indicators.
Clean Teq – Up 30%
Clean Teq Holdings is now under Algo Engine buy conditions with price support at $0.25.
Following the above post on 12 Dec, CLQ has rallied to $0.32, (up 30%), we continue to like the prospects for the company in the medium term.
CIMIC – Rally Continues
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.
CNEW ETF – Algo Buy
VanEck Vectors China New Economy is under Algo Engine buy conditions and is a current holding in our Global ETF model portfolio.
Pro Medicus – Growth Opportunity
Pro Medicus is under algo engine buy signals and has created a recent higher low from the $31 support level.
The company trades on a high PE but offers an attractive technology play into global healthcare.
Amcor – Buy
Amcor is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
Amcor goes ex-div $0.17 on 3 March.
Link – Algo Buy
Link Administration Holdings is now under Algo Engine buy conditions.
Link Administration Holdings Limited (ASX: LNK) (Link Group) refers to its announcement dated 7 December 2020 advising that it had received a conditional, non-binding indicative proposal from SS&C Technology Holdings (SS&C) to acquire 100% of the shares in Link Group
(SS&C Proposal).
On 3 January 2021, Link Group received a letter from SS&C stating it has withdrawn its SS&C
Proposal.
The Link Group Board will continue to consider all alternatives to maximise value for shareholders. As previously announced, this includes a potential separation by way of demerger of Link Group’s interest in Torrens Group Holdings (TGH) (and its core asset, PEXA).
Link Group will also explore a trade sale of its interest in TGH from 18 January 2021.
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Investor Signals Pty Ltd
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