Amcor – Buy “High Conviction”
Amcor and is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We move to a “high conviction” buy on the stock and see long term value.
Buy Amcor within the $14 – $14.50 range.
Invocare – Add to Watchlist
InvoCare comes onto our watchlist following the 1H19 result which showed 10% revenue growth and NPAT up 9%.
The stock is nearing our entry-level following recent retracement in price.
Look for the next Algo Engine buy signal.
Amcor – Buy Signal
Amcor is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
The defensive earnings stream and the prospect of a share buyback next year will help to underpin any near-term share price weakness.
Buy Amcor within the range indicated below.
US Markets – Sell Off
Betashares Us Eq Strong Bear Hedged as the US markets roll over and the short-term indicators point lower, buying the BBUS which is an inverse ETF x2 on the S&P500 will provide an opportunity to profit from any continued selling.
The BBUS goes up in value if the market goes down and on a multiplier of 2x. If the S&P500 index falls 1% the BBUS goes up in value by 2%.
If you’d like to discuss portfolio protection strategies, please call our office on 1300 614 002.
BBOZ – Portfolio Protection
Betashares Australian Equities is under Algo Engine buy conditions. It’s an inverse ETF x2 on the ASX 200 index. Meaning, it goes up in value if the market goes down and on a multiplier of x2.
If the index falls 1% the BBOZ goes up in value by 2%.
NRW Holdings – Algo Buy Signal
NRW Holdings is now under Algo Engine buy conditions following the high low pattern at $2.10.
The stock is outside our normal radar, however, we notice a number of analysts have recently upgraded their earnings outlook for the company.
The positive sentiment is based on an increase in work under contract and scope from existing contract mining clients to increase.
We see upside risk to forecasts from higher than expected conversion of the group’s resources pipeline, (opportunities from iron ore projects in particular) and the East Coast infrastructure project.
We flag NRW Holdings as worthy of further analysis. Watch the short-term indicators for a turn higher.
Spark Infrastructure – Algo Buy Signal
Spark Infrastructure is under Algo Engine buy conditions and is a current holding in our ASX 100 model.
We see price support building near the new high low price formation at $2.33
RIO – Entering Buy Zone
Rio Tinto is now showing an Algo Engine buy signal and has been added into our ASX 100 model portfolio.
We see value emerging and consider the $82 – $87 price range as a good entry-level.
REA – Rallies 5.5%
REA Group rallied 5.5% on Friday following a better than expected earnings result. Our Algo Engine triggered a buy signal Thursday after 3.30pm going into the market close.
The chart below shows the entry signal, along with the $87 support level where buying interest began to accelerate.
AGL – Income Generation
AGL Energy is a under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
AGL announced FY19 underlying NPAT of $1,040m and lowered FY20 guidance to be A$780-860m. The forecast is below already adjusted market estimates and we’ve seen the share price trade lower as a result.
With the stock at $19 there is value supported by a 5% dividend yield. This trade is an example where investors should look to add a covered call option to enhance the yield to 10% per annum.
For more information on the option strategy, please call our office on 1300 614 002.
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Investor Signals Pty Ltd
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