Paypal
PYPL:NAS has been consolidating between $71 & $76 for the past 8 weeks. The stock offers value and may break to the upside of the channel.
Apply a stop loss at $71.04
Note: Paypal reports March quarter earnings this Thursday.
Pro Trade: XPP
XPP:ARC offers a leveraged play to a recovery in Chinese stocks. Ali Baba, JD.com, and others look oversold.
A2 Milk
{A2M.ASX} is under Algo Engine buy conditions and we expect to see the holding added to the ASX200 Trade Table.
Speculative Trade: SGR
SGR:ASX is a speculative trade idea that requires a stop loss at the FTFF higher low.
Buy at the market price with a stop loss of $1.225
ANZ Group – 1H23 Earnings
ANZ’s 1H23 cash earnings were up 23% on pcp and the result provided further evidence of success for ANZ in improving the profitability of its Institutional business.
ANZ trades at 11x earnings and a forward dividend yield of 6%
Macquarie Group – FY23 Earnings
MQG’s FY23 NPAT was up +10% on the same time last year, the stock trades on a forward PE of 16x, and a dividend yield of 3.8%.
S&P500 Earnings
Quarterly S&P 500 earnings per share peaked at $54.
Buffett expects the ‘majority of holdings to report lower earnings this year than last year’, citing a ‘very different climate than 6 months ago’. Buffett’s commentary about the economy is somewhat conflicting with the earnings results of the Berkshire conglomerate, where operating earnings for Q1 2023 increased 13% YoY.
Changes in M2 tend to influence future changes in GDP. It suggests that additional weakness in GDP is to be expected. Employment appears to remain strong and is often used to support the view that recession is avoidable.
Cloud
The cloud offers above-average earnings growth and we look at the market leaders. IBM is under Algo Engine buy conditions.
Trade Table: US S&P100
Our US S&P100 Trade Table is up 8.8% year-to-date. To enquire about our automated execution of the Trade Table signals, please call 1300 614 002.
GM:NYS is a new holding in the US S&P100 Trade Table, after being added on the 5/5/23.
Entegris
Level 17 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453
Send our ASX Research to your Inbox
Or start a free thirty day trial for our full service, which includes our ASX Research.