iShares Global Consumer Staples ETF

iShares Global Consumer Staples is under Algo Engine buy conditions and is a current holding in our iShares ETF model portfolio.

$74 is likely to act as support as we see a defensive rotation as market flows.

The fund aims to provide investors with the performance of the S&P Global 1200 Consumer Staples Sector Index TM, before fees and expenses. The index is designed to measure the performance of global consumer staples companies and may include large-mid or small-capitalization stocks.

Bega Cheese – Rallies 15%

Bega Cheese switched to Algo Engine buy conditions back on the 15/6 at $4.50. Following a retest of the initial entry level this week, Bega then rallied 15%.

We’ve seen other food-related companies report strong earnings with an increase in stay at home cooking, supporting industry fundamentals. Despite this, we traded out of BGA in Friday’s session and locked-in the gain.

1H20 earnings showed mixed performance and we’ll be reviewing the full-year results when announced in August.