Xero – Buy Signal

Xero is under Algo Engine buy conditions and is a current holding in our ASX 100 model.

XRO has announced the proposed acquisition of EU Workforce management platform, Planday. The transaction provides a meaningful step for XRO in accounting expansion in Scandinavia and Continental Europe.

Goodman Group – Algo Buy

Goodman is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

We expect 10% EPS growth into FY22 and the 2% plus dividend yield remains well supported.

The short-term momentum indicators are now turning higher and buying support is building above the recent $16.40 low.