NCM – Buy

Posted on | by Leon Hinde

Newcrest Mining is under Algo Engine buy conditions and we see buying interest increasing as the “risk off” trade builds momentum.

Newcrest delivered a decent quarter in terms of production at all sites but costs were significantly higher than expected.

Buy NCM $25.50 on valuation grounds.


GDX Gold ETF – Buy

Posted on | by Leon Hinde

Vaneck Vectors Gold Miners is under Algo Engine buy conditions.

GDX provides broad exposure to the leading global gold producers. After the recent sell-off from $65 down to $44, we’re now seeing buying interest rebuild.

As a final confirmation, wait for the price action to trade above the 10-day average and the short-term momentum indicators to turn higher.

GDX Gold ETF – Buy

Posted on | by Leon Hinde

Vaneck Vectors Gold Miners is under Algo Engine buy conditions.

GDX provides broad exposure to the leading global gold producers. After the recent sell-off from $65 down to $44, we’re now seeing buying interest rebuild.

As a final confirmation, wait for the price action to trade above the 10-day average and the short-term momentum indicators to turn higher.

Goodman Group – Algo Buy

Posted on | by Leon Hinde

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

FY20 NPAT was up 12.5% to A$1,060.2mn, and the company is guiding to 9% EPS growth in FY21.

Relative to its A-REIT peers, GMG is trading on an elevated earnings multiple, however, this is not the case when compared to its global peers.

Cleanaway – Buy

Posted on | by Leon Hinde

{ASX:CWY) is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

We see price support at $2.20 and suggest watching the short-term indicators for a turn higher, near, or just above this support.