Macquarie Group is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
MQG reported a 24% fall in second-half net profit compared to the same period a year ago, to $1.27bn. Second-half impairment charges doubled to $900m.
Macquarie’s full year net income was down 8% to $2.7bn. We remain cautious on the deteriorating earnings and doubtful debt charges across the industry over the next six months.
Sonic Healthcare is now trading below $26.00 and we suggest investors begin accumulating the stock within the $25 – $26 price range.
Cleanaway Waste Management is under Algo Engine buy conditions.
We recommend investors look to accumulate CWY $1.70 – $1.80 range.
Did you miss Monday night’s webinar? Catch up by watching it here.
TPG Telecom is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We see price support near $7.00 and suggest watching the short-term momentum indicators for a turn higher.
Leon will once more host a live webinar, reviewing the opportunities in review.
To receive the live link, please register here.
The webinar will start at 7pm NSW time.
Chinese gaming and social media group Tencent Holdings has bought a 5per cent stake in Afterpay Ltd. The stake was built from the end of March through April, a filing to the Australian Securities Exchange showed.
Origin and Santos are worth considering with a stop loss below the recent low.
James Hardie Industries is under Algo Engine buy conditions.
The share price has formed a higher low formation and rallied from the $17.50 support level.
A strong performance from Amex and ConocoPhillips overnight, both names are current holdings in our US managed fund.
We continue to watch the NASDAQ for a break below the current uptrend, at which time we’ll increase index hedging.
Level 17 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453