US Earnings
US banks will report Q2 earnings, starting with Citi on Tuesday, investors will be watching for data on credit loss estimates. The financial sector is expected to see a more than 52% decline in profits, according to Refinitiv.
Earnings for the S&P 500 are expected to decline by 44%, the worst drop since the fourth quarter of 2008, when profits fell 67%.
July 13 PepsiCo.
July 14 Citigroup, JPMorgan Chase and Wells Fargo.
July 15 Goldman Sachs, U.S. Bancorp and Alcoa.
July 16 Abbott Labs, Johnson & Johnson, Bank of America, Morgan Stanley and Netflix.
July 17 BlackRock.
TPG – Buy
TPG Telecom is again on our radar as the price trades near $8.00. We see value emerging and investors can now look to accumulate the stock.
Ramsay Health Care – Buy
Ramsay Health Care is faced with flat earnings in 2020 and only moderate growth FY21. For patient long-term investors, there’s an income opportunity with defensive low levels of growth.
We see buying support increasing near the $60 level.
SPDR S&P Global Dividend Fund
SPDR S&P GLOBAL DIVIDEND is a holding in our “ASX All ETF” model portfolio.
We see value at the current $15 price range.
The S&P Global Dividend Aristocrats is designed to measure the performance of high dividend yielding companies within the
S&P Global Broad Market Index (BMI) that have followed a policy of increasing or stable dividends for at least 10 consecutive years.
Bega Cheese
Bega Cheese remains under Algo Engine buy conditions and we highlight the recent higher low formed during last week’s trading.
Technically, we need to see $4.60 hold and the short-term momentum indicators to remain positive.
Orica – Buy
Orica is under Algo Engine buy conditions and we see buying support increasing from the recent higher low formed at $15.
ORI goes ex-div on 12 November $0.33
CSL – Buy
CSL is under Algo Engine buy conditions and remains one of the best-performing stocks in our ASX model portfolios.
The technical indicators show the recent higher low formation with support at $280 and again at $275.
SPDR Global Dividend Fund
SPDR S&P GLOBAL DIVIDEND is under Algo Engine buy conditions and is a current holding in our ASX “All ETF Model”.
We see value near $15
Brambles – Buy
Brambles is now under Algo Engine buy conditions and has been added into our ASX 20, 50 & 100 model portfolios.
We see price support building near the $10.75 level.
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