Algo Selects – JB Hi-Fi over Harvey Norman

A stronger consumer environment at the back end of the financial year has helped JB Hi-Fi.

Our Algo Engine generated a buy signal recently at $22.00 and the stock was added into our ASX100 model portfolio. We continue to prefer JBH over HVN.

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JBH goes ex-div $0.46 on the 23rd August.

 

 

Author: Leon Hinde

Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.

PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:

· Deposit Products
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks