Sorry, but this content is restricted to our members.
Please login with your account or register for a free trial. If your trial has expired, then you may renew it here.
If you are having an issue with your account, then please get in touch with us.
Carsales.com has bounced from the $11 support level and is now trading at $11.95.
Carsales now has businesses in Mexico, Chile, Argentina, Brazil and South Korea and international business contributes 20 per cent of the company’s revenue.
CAR goes ex-div $0.205 on the 22nd of March.
We expect the upcoming earnings release to show 8 – 10% EPS growth, which will support the 4.5% dividend yield.
The XJO is the first of the major global equity indices to form a lower high formation and display an Algo engine “sell signal”.
We suggest investors stay alert and watch the short term momentum indicators for a rollover.
Healthscope has been one of our “high conviction” buy ideas.
Brookfield Capital Partners are finalising due diligence and we expect to see their offer formalised in the coming weeks.
The price gap is now closing, (all cash offer $2.44), as HSO trades at $2.40 today.
Sorry, but this content is restricted to our members.
Please login with your account or register for a free trial. If your trial has expired, then you may renew it here.
If you are having an issue with your account, then please get in touch with us.
A very mild word of caution… US equities have rebounded from the December sell-off and we’re now approaching the 50% retracement mark.
As US earnings get underway for the Dec quarter, we’ve seen bank earnings in-line with consensus. Towards the end of next week, we’ll begin to see large multinational industrial companies report. It seems plausible, that markets could see some level of resistance begin to build.
The graph below shows the 2 year history of the S&P500.
TWE reiterated its forecast for 25% EBIT growth in FY19. This is in-line with market consensus and is positive for the share price.
TWE is likely to consolidate within the $14.50 to $15.50 price range. At the upper end of the range, we suggest investors look to add a “covered call”.
Example – April $15.50 call is collecting 55 cents per share. TWE also goes ex- div 15 cents on the 7th of March.
Sorry, but this content is restricted to our members.
Please login with your account or register for a free trial. If your trial has expired, then you may renew it here.
If you are having an issue with your account, then please get in touch with us.
In the first few days of 2019 our market positioning was “buy the XJO” and for added leverage to a recovery we advocated “buy oil”.
Two weeks into the New Year and hopes for renewed U.S. – China talks to resolve trade tensions are boosting world stock markets and oil prices.
STW is up 7% and OOO ETFs are 10%.
Chart above: STW ASX200 ETF
Chart above: OOO Oil ETF
Strategy Update: As we near a new “lower high” formation across many markets, we’ll soon look to a more cautious positioning.
CWY is now trading at $1.83 and we feel it is approaching a level where investors should look to lock-in the gains.
The post below is from the 28th of December.
Our Algo Engine generated a buy signal in CWY recently at $1.70 and the stock is a current holding in the ASX 100 model portfolio.
The share price spiked down to $1.65 during last week’s market volatility and has since found strong buying support.
Level 29 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453
Or start a free thirty day trial for our full service, which includes our ASX Research.