We recommend buying GPT Group and placing a stop loss below the recent $4.65 low.
Investors may prefer to hold the stock and sell September $5.00 call options to enhance the cash flow, whilst staying exposed to the June dividend.
GPT will pay $0.123 dividend on June 29th.
Shares of SUN are down 1% in early trade at $13.76.
A research note from a local investment bank has lowered the guidance on SUN to “under-perform” and adjusted their price target to $12.45.
The report cites higher operating costs and lower margins to rationalize the lower price.
Our ALGO engine triggered a sell signal in SUN at $14.05 on November 10th; we agree with the downside target of $12.45.
SunCorp
Invocare has under performed following their recent earnings report, in which the company indicated flat forward earnings and an increase in capital expenditure.
Technically, a “higher low” formation remains in place and we flag to our readers the strength in today’s price action.
IVC
We recommend buying Transurban Group and selling covered call options to enhance the income.
TCL will pay a $0.27 dividend on June 29th.
TCL
Since posting an all-time high of $18.09 on February 22nd, shares of TWE have slipped over 6% lower and touched the $16.84 level yesterday.
We consider TWE one of the best growth stocks on the ASX, but with a P/E of over 35X we prefer to buy it at lower levels.
From a technical perspective, we see good support in the $16.35/40 area and will advise on entry levels in subsequent postings.
Treasury Wine Estates
As global markets become more concerned about the impact of US tariffs and the escalation of trade disputes, the price of Spot Gold has firmed back to the $1340 level in late NY trade.
Our preferred local gold stock to buy is Newcrest, which has recovered smartly from the $21.20 low last week to reach $22.20 in early trade today.
The correlation between Spot Gold and NCM has been around 70% over the last 6-months.
As such, we would expect a break of the $1350 level in the spot price to correspond to just under $23.00 for NCM.
Newcrest was added to our Top 50 Model portfolio on December 13th at $22.10.
Newcrest Mining
We recommend buying Star Entertainment and placing a stop loss below the recent $5.19 low.
SGR will pay $0.085 dividend on August 28th.
We recommend buying Sydney Airports and placing a stop loss below the recent $6.30 low.
SYD will pay $0.165 dividend on June 29th.
We recommend buying Amcor and placing a stop loss below the recent $13.90 low.
AMC will pay $0.30 dividend on September 4th.
Shares of WPL reached a high of $29.25 in early trade as West Texas Intermediate (WTI) crude oil posted its largest single session gain in over three weeks.
The front month WTI contract rose $1.30, or 2.2%, following a report that crude stocks have dropped by 600,000 barrels at the US storage hub in Cushing, Oklahoma.
WPL is part of our ASX Top 20 Model Portfolio and our ALGO engine triggered a buy signal on February 20th at $29.10.
The stock has been a tepid performer over the last few weeks after announcing a rights issue and going ex-dividend.
However, the technical picture is improving and a break back above the $29.66 level will likely extend into the gap from $30.90 from mid-February.
Woodside Petroleum
Level 17 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453