Woolworths – 1H22 Earnings
Woolworths Group is under Algo Engine buy conditions.
WOW’s 1H22 result was in line with expectations, EBIT of $1,4bn, and management expects improved financial performance in 2H22 as the environment normalises.
Nickel Mines – Algo Buy Signal
Ethereum – Large Cap Crypto
Ethereum remains under Algo Engine buy conditions and is up 1148% since being added in March 2020. Technically, investors should watch for increased buying interest within the 2100 – 2500 range.
Watch Monday’s Free Webinar
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Bega – Buy
Bega Cheese is under Algo Engine buy conditions.
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.
US Stock Market
The graph of the S&P500 shows faltering short-term momentum with overhead resistance at 4590 in the S&P500 index.
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Traders will be monitoring next week’s price action based on the above pattern.
19/2 update: The S&P500 remains below the 10-day average.
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