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Our Algo Engine generated a buy signal in AGL on 23/8/17 at $22.64.
We continue to like AGL as an income trade in portfolios. Buying at these levels and selling a slightly out-of-the-money call option, (whilst keeping exposure to the $0.41 dividend paid on the 23rd February), generates 10 – 12% cash flow on an annualised basis.
Aristocrat Leisure is forecast to grow earnings in FY18 at 18%, placing the stock on a forward yield of 2% and price to earnings ratio (PE) of 23x. Whilst, the stock is expensive, the valuation is supported by a “top tier” earnings growth profile.
Our Algo Engine triggered a buy signal in ALL on 28/7/17 at $19.83, the strong buying interest in yesterday’s session, (ALL went ex div $0.20), provides confidence that the upside momentum will continue.
Crown has made an aggressive push higher after finding renewed buying support at the $11.93 low in yesterday’s session.
Our Algo Engine generated a buy signal in Crown on the 28/9/17 at $11.13
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Shares of the major banks have traded on both side of the ledger since the announcement of the Banking Royal Commission last week.
There’s been plenty of articles written about what the impact will be and what investors can expect from the share price and dividends from these blue-chip companies.
However, one of the areas of the banking business which has not received much press is the negative impact from increased funding costs for the banks from overseas lenders.
Over the last two years, CBA, WBC and the NAB have issued over $145 billion in long-term wholesale debt to overseas lenders.
This is up from just under $110 billion in FY 2015 and reflects the increased reliance that the local banks have on overseas lenders
We would expect the increased in funding costs, combined with lower domestic loan margins, to cap any protracted rallies in the local banks over the next 12 months.
Our ALGO engine triggered a sell signal for the CBA on November 10th at $80.90. This is in addition to the ALGO sell signals in SUN at $14.20 and BEN at $12.30.
CBA
SunCorp
Bendigo BAnk
Our ALGO engine triggered a sell signal for OSH on November 11th at $7.50.
Since then the share price traded as low as $7.00 last week.
A combination of the OPEC production agreement last week and the PNG LNG expansion this week has seen the share price rally back over $7.30.
We still prefer the Short side of OSH back below $7.00 on lower longer-term Crude Oil prices.
We suggest short-term investors look to sell OSH CFDs on our SAXO Go trading platform.
Oil Search
Shares of mining giant RIO Tinto are over 1% lower at $71.25 as company CEO, Jean-Sebastian Jacques expressed a negative view on the Chinese economy over the near-term.
While addressing investors in Sydney yesterday, Mr Jacques predicted a slowdown in construction, infrastructure growth and automotive demand from China over the next six months.
The company also announced that they would close some Iron Ore mines over the Christmas break as part of their “value over volume” strategy. Even with high-grade Iron Ore price firming over the last 6-weeks, we consider the CEO’s message a negative signal for RIO shares.
Our ALGO engine triggered a buy signal in RIO back in April at $61.40. Even though the ALGO engine has not triggered a sell signal, we suggest investors can take profits on long RIO exposure, sell a covered call to enhance cash flow, or go short the RIO CFD on our SAXO Go Platform
The next significant level on the daily charts is near the October low of $68.50.
RIO Tinto
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