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QBE Insurance Group was discussed in the “opportunities in review” webinar earlier this month. We expressed the view that $12.00 provided support and our bullish call on QBE is now playing out. The stock has rallied from $12.00 to $13.20 and we see further upside to $14.00.
The above text was last updated on the 16th of Dec and QBE has now hit our $14 price target.
NIB Holdings is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
With the stock now trading at $6.35, we see value emerging heading into the February earnings result. The company has guided towards 6% EPS growth and now trades on a 4% dividend yield.
Note: We’re mindful of the price gap back to $6.00, but we’re assuming this may not get filled at this stage.
The Star Entertainment Group was recently flagged as an Algo Engine buy signal and we highlighted on the blog the support at $4.50. Since then the stock has rallied and the momentum indicators continue to point higher.
Goodman is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
In its first-quarter update, Goodman reaffirmed its expectation of a 9% lift in earnings over the 2020 financial year.
GPT is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We see value in buying GPT at $5.75 and waiting for a rally back to $6.00 before selling out-of-the-money call options.
For more information on the derivative strategy, please call our office on 1300 614 002.
Lendlease is under Algo Engine buy conditions.
We remain bullish on the urban redevelopment business model and are further encouraged by the announcement LLC has entered into an agreement with Acciona to sell its engineering business for $180 million.
ASX is building support at $78.50 and is now trading higher coming into the February earnings result.
The market is forecasting 5% EPS growth and an ongoing yield of 3%.