GPT Group – Buy & Add Call Options

GPT is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio. The share price is up 30% since being added back in October 2018.

The recent price retracement from $6.50 to $6.10 is temporary weakness following the rights issue this month. We suggest investors take advantage of the pullback in the share price and begin accumulating.

GPT goes ex-div $0.1285 on the 28th December 2019.

CIMIC – Up to 10% Share Buyback

Cimic Group is under Algo Engine sell conditions since forming a lower high back in February at $50.

A weak first-half earnings result has seen the sell-off accelerate in the past few days. We’d normally give this name a wide berth, whilst we wait for confirmation of earnings and in particular, free cash flow improvements.

However, we draw your attention to the “up to 10%” share buyback which the company will recommence in August.

 

 

NASDAQ Leads Growth

The NASDAQ index is under Algo Engine buy conditions following the higher low in May. Since the signal was generated, the index has rallied 15% and remains the only major index still under buy conditions.

The instrument to take advantage of the above trade is best represented in the Betashares Nasdaq 100

 

Alphabet – High Conviction Buy

Alphabet is a current holding in our US S&P100 model portfolio.

Shares of Alphabet rose after its second-quarter earnings announcement with earnings and revenue beating market expectations.

The strong earnings came from higher ad sales and growth at its cloud unit.  Google reported advertising revenue of $32.6 Bn for the second quarter, compared to $28.09 Bn during the second quarter last year.

Revenue came in at $38.94 Bn up 19% from last year and earnings per share were $14.21, up 21%.

Alphabet said its board of directors approved a re-purchase of up to an additional $25 Bn of its Class C capital stock.

Alphabet is on our high conviction buy list, underpinned by strong revenue growth and the large scale share buyback.