Newcrest – Algo Buy
Newcrest Mining is under Algo Engine buy conditions.
S&P500 – Valuation Review
The S&P 500 PE ratio is now within historical norms, at 16.6x. It doesn’t make the S&P 500 cheap but fairly valued when using earnings estimates for 2022.
Aristocrat Leisure – 1H22 Earnings
ASX:ALL} is under Algo Engine buy conditions.
ALL reported normalised 1H22 sales +23% to $2.74bn and EBITDA up +31% $970mn. The share price will remain well supported by the announced on market A$500 mn share buyback program.
FY23 revenue growth of 7% and EBITDA 10%+, places the stock on 17x forward earnings and a 2.2% yield
Newcrest – Algo Buy
Newcrest Mining is under Algo Engine buy conditions.
GDX Gold ETF – Buy
Vaneck Vectors Gold Miners is under Algo Engine buy conditions. GDX provides broad exposure to the leading global gold producers.
Bluescope Steel – Earnings Outlook
ASX:BL is under Algo Engine buy conditions. BSL provided a trading update and now expects EBIT for 2H FY22 to be $1.375-1.475bn.
The more robust outlook is driven by improved earnings expectations for North America with better-than-expected realised steel prices and spreads in the United States.
Based on FY23 earnings we have Bluescope on a 2.3% forward dividend yield.
BHP – Copper & Nickel
Future facing commodities, such as copper and nickel are well supported in BHP’s portfolio. BHP has the world’s largest copper resource and the second-largest nickel sulphide resource base globally.
GDX Gold ETF – Buy
Vaneck Vectors Gold Miners is under Algo Engine buy conditions. GDX provides broad exposure to the leading global gold producers.
Newcrest – Algo Buy
Newcrest Mining is under Algo Engine buy conditions.
Goodman Group – Algo Buy
Goodman is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
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