Downer EDI – Buy Signal
Downer EDI is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We see buying support building at the $7.50 level. Watch for the short-term indicators to turn positive.
Cleanaway – Buy “High Conviction”
Cleanaway Waste Management provides a solid growth outlook in a defensive sector.
FY20 earnings will grow at double digits and the stock is now on 2.8% forward yield. We see further upside potential for the share price.
Cleanaway – Buy “High Conviction”
Cleanaway Waste Management remains under Algo Engine sell conditions but we feel a buy-side opportunity is approaching. Cleanaway provides a solid growth outlook in a defensive sector.
Watch for a switch to buy conditions near $1.85 or a move higher in the short-term indicators.
Starbucks – Algo Buy Signal
Starbucks is under Algo Engine buy conditions and is a current holding in our US S&P100 model portfolio.
We see price support developing near the $88 level.
Paypal – Algo Engine Buy Signal
PayPal Holdings is under Algo Engine buy conditions and is a current holding in our US S&P100 model portfolio.
We see price support developing near the $103 level.
Amazon – Buy Signal
Amazon is under Algo Engine buy conditions and is a current holding in our US S&P100 model portfolio.
We see price support developing near the $1735 level.
ASX – Algo Buy Signal
ASX is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We see upside in ASX to $86.00, at which time investors should consider selling out-of-the-money call options to enhance the income return.
ASX goes ex-div $1.14 on 7 March.
For more information on the derivative strategy, please call our office on 1300 614 002.
Ramsay Healthcare – Buy Signal
Ramsay Health Care is under Algo Engine buy conditions and has now been added into the ASX 100 model portfolio.
We see price support developing near $62, following Ramsay Health Care advising that Paul Ramsay Holdings has completed the underwritten block trade sale of 22m shares in the Company to institutional investors at $61.80 per share.
Buy RHC at $62.00
Evolution Mining – Gold Stocks Find Support
Evolution Mining is under Algo Engine buy conditions and is a current holding in our US S&P100 model portfolio.
We see price support developing near the $4.55 level.
Goodman Group – Buy Signal “High Conviction”
Goodman is under Algo Engine buy conditions and is among the best-performing stocks within our ASX 100 model portfolio.
The company announced FY19 profit of $942m, up 11% on EPS of $0.51. The Group is forecasting FY20 operating profit of $1,040m, up 10% on $0.56 EPS.
We continue to like the REIT sector as a defensive allocation. Our preference remains GPT & GMG.
Buy GMG $13.50
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