Rio Tinto is under Algo Engine buy conditions.
Iron ore price extended its recent slide, falling by a further 8.1% to $US107.21 per tonne.
Evergrande, the Hong Kong-based developer is sinking under a mountain of liabilities totaling more than $300 billion after years of borrowing to fund rapid growth.
Link Administration Holdings is now under Algo Engine buy conditions and we view $4.80 as an attractive price to begin accumulating the stock.
Update 18/8 Link is now trading $5.12 and we see further upside.
Update 20/8: LNK is now trading @ $5.22
Collins Foods is now under Algo Engine buy conditions.
Stop loss @ 10.18
The share price has now rallied to $11.01 and we see further upside to $11.80 – $12.00.
10/8 update:
Update 20/8 CKF now trading @ $12.00
Carsales.Com is on our watchlist and we intend to add the stock to our model portfolio on the next Algo Engine buy signal.
FY21 revenue rose 8% to $394 million and EBITDA increased 20% to $427 million. Profit growth was driven largely by strong international growth.
Sezzle reported its provision for uncollectible accounts soared to $US13.8 million on revenue of $US27.8 million for the June quarter.
The buy now, pay later sector has seen a pickup in bad debts as a percentage of revenue.
Zip Co also reported higher percentages, but not as much as Sezzle. We’re stepping back from the sector and will review again after the September quarter.
WPL:ASX is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.
WPL has agreed to an all-scrip acquisition (merger) of BHP Petroleum’s
assets.
Underlying profit for the six months to June rose 17% to $US354 million, falling short of estimates.
Accumulate.
The first Lumber graph below shows the long-term trend back to 1984 and the second graph shows the 12-month price action.
Link Administration Holdings is now under Algo Engine buy conditions and we view $4.80 as an attractive price to begin accumulating the stock.
Update 18/8 Link is now trading $5.12 and we see further upside.
WPL:ASX is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.
WPL has agreed to an all-scrip acquisition (merger) of BHP Petroleum’s
assets.
Accumulate.
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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