Healthcare ETF
iShares Global Healthcare is under Algo Engine buy conditions and we see price support building near the current $96.50 level.
GDX Gold ETF
Vaneck Vectors Gold Miners is under Algo Engine buy conditions.
GDX provides broad exposure to the leading global gold producers. After the recent sell-off from $65 down to $51.50, we expect to see buying support begin to rebuild.
Ansell – Earnings Upgrade
Ansell is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.
ANN has upgraded its FY21 EPS guidance to US$1.35‐ US$1.45, implying 10%+ growth on the prior year.
Resmed – Strong Earnings
ResMed is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.
Resmed reported better than expected 1Q21 earnings with group revenue up 10% and NPAT up 37% on the same time last year.
At 35x PE Resmed remains expensive and will need to maintain double-digit earnings growth to sustain the current valuation.
Buy on future share price weakness.
Level 17 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453
Send our ASX Research to your Inbox
Or start a free thirty day trial for our full service, which includes our ASX Research.