Amcor – Buy

Posted on | by Leon Hinde

Amcor is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

The stock made a recent high at $16.75 and has since corrected back to $15.50. The share price has found buying support and the short-term indicators have turned positive.

 

US Markets Turn Lower

Posted on | by Leon Hinde

Dow Jones, S&P500 and the XJO index are all displaying Algo Engine sell conditions and the short term price action has now turned negative.

The NASDAQ remains under Algo Engine buy conditions, however, the shorter-term indicators have now also turned negative.

Opportunity Approaches for Boral & Lendlease

Posted on | by Leon Hinde

Further softening of conditions in the residential and civil construction markets has seen selling pressure hit Lendlease and Boral.

Both are high-quality businesses and investors should look for an opportunity to capitalize on oversold conditions.

We continue to watch the short-term momentum indicators for a turn higher.

 

CBA – Algo Sell Signal

Posted on | by Leon Hinde

Commonwealth Bank of is under Algo Engine sell conditions and we’ll get insight into the earnings picture when the company reports their FY19 results on Wednesday 7th August.

We remain concerned about the declining profitability in retail banking.

With the stock trading on a  5% dividend yield, we expect to see buying support develop closer to the $75 price range.