Cochlear is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We see value emerging and suggest buying at $171 and running a stop loss at $164.50.
Note: COH went ex div $1.60 today.
The recording from Monday’s webinar is available below:
Sonic Healthcare rallied 10% higher from today’s open price.
Although Sonic has withdrawn its FY20 earnings guidance, (EBITDA
growth 6-8% cc) due to COVID-19, the company has a strong balance sheet with $1bn of cash and committed credit facilities available with no debt facilities maturing until 2021.
After trading out of the ‘long” Woolworths and Coles positions at higher levels, we again begin tracking the approaching entry-level in these names.
Both have started to correct lower and we expect to see an appealing entry-level present this week.
laches
Carsales.Com is under Algo Engine buy conditions and we suggest members add the stock to their watch lists and look for support to develop within the $11.00 to $12:00 price range.
REA Group is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
Add REA to your watchlist and look for support to develop within the $65 – $75 price range.
For our next Live Webinar, I will review high conviction ASX and US buy and sell opportunities from the recent algo engine and model portfolio signals.
To be sent the invitation, you must register your details here.
Take profit on RMD following the 20% rally from yesterday’s buy recommendation.
Woolworths and Coles are two buy recs we’ve focused on over the last week. We bought both names on recent weakness and earlier this week we sold out of Coles and today we suggest closing the Woolworths position.
Woolworths rallied between 10 – 20% from the entry signal.
Amcor is a leading company within the global packaging space. Their business is directly impacted by slower global consumption and it’s understandable their share price has been hit with a 30% sell-off.
However, if you believe the sun will rise again and people will go out to play, Amcor is a market recovery opportunity that’s worth considering at these levels.
High Volatility – buy
Level 17 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453