APA – Buy
APA is under Algo Engine buy conditions and we see buying support building, as the price action crosses above the 10-day average.
Amcor -Strong First Half
Amcor is under Algo Engine buy conditions and is an overweight holding in our models.
- Strong first half result ahead of expectations
- Raised guidance for fiscal 2021 EPS growth to 10-14%
- Increased dividend and additional share repurchases
- The Amcor investment case has never been stronger
Sydney Airports – Buying Interest
Sydney is now under Algo Engine buy conditions and we highlight the buying interest which is now building.
Carsales – Algo Buy
Carsales.Com is under Algo Engine buy conditions and is a current holding in our model portfolio.
Since being added on 11 Dec the stock is now up 5.5%.
APA – Buy
APA is under Algo Engine buy conditions and we see buying support building, as the price action crosses above the 10-day average.
Bluescope Steel – Algo Buy
BlueScope Steel earnings have been upgraded across all segments, which have seen strong volumes and improving steel spreads in Australia and the US.
BSL expects to report 1H21 EBIT of A$530m. The stock has switched to Algo Engine buy conditions and we see support building within the $14.50 to $16 price range.
Sonic Healthcare – Update
Sonic Healthcare is under Algo Engine buy conditions and is up 20% since being added to our model in February 2020.
We anticipate further EPS upgrades when Sonic reports 1HFY21 earnings on 18 Feb.
High single-digit earnings growth supports the 3.6% forward dividend yield.
Resmed – Support Level
ResMed is under Algo Engine buy conditions and is now up 84% since being added to our model in October 2018.
RMD delivered a solid earnings result and upgrades to earnings are partially offset by the stronger AUD.
RMD is looking to resume share buybacks in 2H21.
We see buying support at $26 and suggest investors look to accumulate the stock.
Qube Holdings – Algo Buy
Qube Holdings is under Algo Engine buy conditions and we see price support at $2.50 – $2.70.
December container volumes continue to improve, up 7.2% on the same time last year.
NCM – Buy
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.
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