Xero – Accumulate
Xero is under Algo Engine buy conditions. Buying support is likely to build within the $86 to $96 price range.
Mineral Resources – Accumulate
Mineral Resources is under Algo Engine buy conditions and is in our ASX 100 model portfolio. Our accumulation range for MIN is $37 – $47.
Wesfarmers – 1H FY22 Earnings
Woolworths – Accumulate
Woolworths Group is under Algo Engine buy conditions. The retailer anticipates $215mil in COVID-related expenses and before tax profit to fall from $1.3bn to $1.2bn.
We see value in the stock within the highlighted price range.
Gold Road – Update
Gold Road Resources remains our preferred gold exposure.
8/2/22 Update: Algo investors are likely already set in GOR. Traders will now be recognizing the first test, first fail, (FTFF), and will be setting their entry and stop loss.
14/2 update:
18/2 update:
Treasury Wine: 1H22 Financials
SPDR Property Fund – Buy
SLF:AXW is under Algo Engine buy conditions and is a current holding in our ASX ETF model portfolio.
SLF, LLC and GMG are our preferred property exposures.
Woodside Rallies 25%
Woodside Petroleum is under Algo Engine buy conditions and is a current holding in our ASX 100 model.
17/2 Update: WPL has now rallied 25%+
Goodman Group – Rallies 10%
Goodman is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We expect 14% EPS growth into FY22 .
17/2 Update: GMG has now rallied 10%+
IAG: 1H22 Earnings
Insurance Australia Group is under Algo Engine sell conditions.
1H22 cash NPAT of A$173m. Outer year growth could be material for IAG and we’ll be watching for a return to algo buy conditions later this year.
Risks to our IAG valuation and target price revolve around the pricing and claims
environment for insurers in Australia and New Zealand, including catastrophe
events.
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