Aristocrat Leisure is under Algo Engine buy conditions. We promoted the purchase of the stock only last week at $39.50 and following today’s earnings release, the share price has jumped 10%+.
Aristocrat reported EBITA of $1,027 million, with lower than expected corporate costs driving most of the earnings beat. The buyback has been extended by a further $350 million. We expect growth in FY24 to be 10 – 15%.
Aristocrat Leisure is now in our ASX 100 model portfolio.
Aristocrat Leisure is nearing support; look to buy on the cross above the 10-day average.
Aristocrat Leisure continues to build positive momentum following the switch to Algo Engine buy conditions in July.
Aristocrat Leisure is up 7.7% in 27 days.
Aristocrat Leisure has recently been added to the ASX 100 portfolio following the switch to Algo Engine buy conditions.
ALL is also an open trade in the ASX100 Trade Table.
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Level 29 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453
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