APA – Finding Support

Posted on | by Leon Hinde

APA is likely to find increased buying support at $10 and trade higher.

Since making the above post on 23 Sept, APA has rallied 8% and the short-term indicators have turned positive.

We continue to see APA as a low-risk opportunity even if the market sentiment was to shift more negative.

US Q3 Earnings

Posted on | by Leon Hinde

Q3 earnings season starts this week with Citigroup reporting tomorrow. Profit for S&P 500 companies is forecast to be down 20%, which will be an improvement on the -30% Q3 numbers.

13 Oct  BlackRock, Citigroup, JPMorgan, Delta Air Lines, Johnson & Johnson;

14 Oct  Bank of America, Goldman Sachs, U.S. Bancorp, UnitedHealth, United Airlines and Wells Fargo;

15 Oct  Charles Schwab, Morgan Stanley and Walgreens; and

16 Oct  Bank of New York and J.B Hunt.

Rolls-Royce Shares Double

Posted on | by Leon Hinde

Last week delivered a 100% gain for Rolls-Royce, though it remains down 66% on the year. The aviation sector has been hard hit from the COVID-19 pandemic, but there might be light at the end of the tunnel.

We have a US listed company that we think can follow a similar path and may double in value.

Register for tonight’s webinar and we’ll share the company name with you and outline our analysis.

Qube Holdings – Algo Signal

Posted on | by Leon Hinde

Qube Holdings is under Algo Engine buy conditions and has now been added to our ASX model portfolio.

FY21 revenue is forecast to increase 3% to $1.95bn and EBITDA flat at $300m. Qube may start to deliver 8 – 10% EPS growth into FY22 and FY23, which will support the forward yield of 2%.

We see price support developing within the $2.25 to $2.50 range.

Since writing the above post on 2 October, Qube has seen a pickup in buying interest and the short-term indicators are trending higher.