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 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 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 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 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 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 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 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 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
The India S&P BSE Sensex index jumped 5.3% on Friday following the corporate tax being cut from 30% to 25.75%.
ETFs Reliance India Nifty 50 rallied from $45.50 to $47.30 in response.
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