Watch Monday’s Opportunities in Review Webinar
The recording from Monday’s webinar is available below:
Sonic Healthcare – Rallies 10% Intra-Day
Sonic Healthcare rallied 10% higher from today’s open price.
Although Sonic has withdrawn its FY20 earnings guidance, (EBITDA
growth 6-8% cc) due to COVID-19, the company has a strong balance sheet with $1bn of cash and committed credit facilities available with no debt facilities maturing until 2021.
Coles & Woolworths – Opportunity Approaches
After trading out of the ‘long” Woolworths and Coles positions at higher levels, we again begin tracking the approaching entry-level in these names.
Both have started to correct lower and we expect to see an appealing entry-level present this week.
laches
Carsales.com – Buy Signal
Carsales.Com is under Algo Engine buy conditions and we suggest members add the stock to their watch lists and look for support to develop within the $11.00 to $12:00 price range.
REA Group – Approaching Support
REA Group is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
Add REA to your watchlist and look for support to develop within the $65 – $75 price range.
Opportunities in Review Webinar – Next Monday
For our next Live Webinar, I will review high conviction ASX and US buy and sell opportunities from the recent algo engine and model portfolio signals.
- Host: Leon Hinde, Head of Equity Strategy at Investor Signals
- Date: 23rd of March
- Time: 12:30pm NSW/VIC time, 11:30am Qld time, Midday SA time, 9:30am WA time
- Duration: 45 min
To be sent the invitation, you must register your details here.
RMD Buy Signal Jumps 20%
Take profit on RMD following the 20% rally from yesterday’s buy recommendation.
Woolworths – Buy Rec Increases 10%+
Woolworths and Coles are two buy recs we’ve focused on over the last week. We bought both names on recent weakness and earlier this week we sold out of Coles and today we suggest closing the Woolworths position.
Woolworths rallied between 10 – 20% from the entry signal.
Amcor – For the Brave
Amcor is a leading company within the global packaging space. Their business is directly impacted by slower global consumption and it’s understandable their share price has been hit with a 30% sell-off.
However, if you believe the sun will rise again and people will go out to play, Amcor is a market recovery opportunity that’s worth considering at these levels.
High Volatility – buy
ASX – Accumulate
ASX is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
Accumulate within the $64 – $68 price range.
NOTE: It was reported on mainstream media that NYSE volume is up over 50% in March, (based on the same time last year).
It seems reasonable to assume that the ASX will be benefiting from a similar pick up in order flows, across both equities and derivatives.
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