Australia and New Zealand Banking Group is under Algo Engine buy conditions.
ANZ has announced an on-market share buyback program of up to $1.5bn commencing in August. This should provide investors with increased confidence in the strength of major bank balance sheets.
Santos announced it had submitted a non-binding all-scrip merger proposal to Oil Search, under which OSH shareholders would receive 0.589 STO shares for each OSH share.
Currently values OSH at around A$4.25ps.
The new entity will become the largest ASX listed oil and gas company by
market cap.
SPDR S&P/ASX 200 Listed Property in under Algo Engine buy conditions since February at $11.30. This week we’ve seen a further buy signal on the recent pullback to $12.50.
The SLF provides a basket trade with diversification across the REIT sector. SLF and GMG remain our preferred property allocations.
Cimic Group 1H21 earnings beat market expectations, with group revenue growth of 10.6%2 to $7.1bn and NPAT of $208m for HY21.
Factoring balance further reduced by $243m YTD from $976m at December 2020 to $733m at June 2021. 10.4bn of new work awarded in HY21, with total work in hand increasing to $33.3bn.
FY21 NPAT guidance of $400m-$430m maintained, subject to market conditions.
Cleanaway Waste Management is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
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Cleanaway Waste Management is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
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Week 2.
Monday, July 19th: IBM.
Tuesday, July 20th: Travelers, UBS, Philip Morris International United Airlines and Netflix.
Wednesday, July 21st: Verizon, Johnson & Johnson, Coca-Cola, Texas Instruments and Kinder Morgan.
Thursday, July 22nd: AT&T, Dow, Abbott Labs, American Airlines, Intel, Twitter, Snap, VeriSign, Domino’s Pizza, and Las Vegas Sands.
Friday, July 23rd: American Express and Honeywell.
Week 1.
Tuesday, July 13th: PepsiCo, JPMorgan Chase and Goldman Sachs.
Wednesday, July 14th: Bank of America, Citigroup, and Wells Fargo
Thursday, July 15th: Morgan Stanley, Charles Schwab, U.S. Bancorp, Taiwan Semi, UnitedHealth, and Alcoa.
Friday, July 16th: Ericsson and State Street.
Netflix, Inc. – Common is now under Algo Engine sell conditions. NFLX was in our NASDAQ and S&P model portfolios since June 2019. The recent switch to sell signals resulted in the holding being sold for a 53% gain after a 752-day holding period.
Netflix is due to report earnings on July 20. Our sector preference is Disney.
Disney was added to the S&P model in February 2018 and has since increased 72%.
CIM:ASX is likely to see improved earnings in FY22 and we expect to soon see a recovery in the share price.
CIMIC is a high-risk counter trend investment with the prospect of a multi-year recovery, once earnings hit an inflection point.
Buy Dec $20 call options as a stock replacement strategy. For more detail, please call 1300 614 002.
Level 17 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453