YANK

Posted on | by Leon Hinde

Betashares Strong U.S. Dollar Fund (Hedge

The US dollar has been trading lower over recent weeks and should we see a pick up in market volatility and risk-off sentiment builds, the US dollar may find increased buying support.

YANK looks to be finding support at $11.25

Since writing the above post back in August, YANK has traded higher and we continue to see support near the $11.25 range.

CSL – 250% Gain

Posted on | by Leon Hinde

CSL has now shifted to sell conditions after being in our model portfolios since May 2015. With dividends, the stock has increased by 250%.

CSL has raised its full year profit guidance to between 3% – 8%, despite warnings of higher plasma costs. The lower end of guidance had previously been zero.

Full-year FY21 is now expected to be between $2.2bn and $2.26bn. We continue to see reliable earnings growth for CSL, however, the 40x multiple may prove to be too rich in the short-term.

Citigroup – Sell

Posted on | by Leon Hinde

Citigroup is under Algo Engine sell conditions following the lower high formation back in August at $56.

Q3 earnings released overnight highlighted some concerning trends, such as net income down 34% and earnings per share down 32% on the same time last year.

Orica

Posted on | by Leon Hinde

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

ORI expects FY20 EBIT to be around $600mn which represents a 10% fall on the same time last year.

The full-year results will be announced on 20 Nov.