Cleanaway – Buy

Posted on | by Leon Hinde

{ASX:CWY) is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

We see price support at $2.20 and suggest watching the short-term indicators for a turn higher, near, or just above this support. 

Amcor -Strong First Half

Posted on | by Leon Hinde

Amcor is under Algo Engine buy conditions and is an overweight holding in our models.

  1. Strong first half result ahead of expectations
  2. Raised guidance for fiscal 2021 EPS growth to 10-14%
  3. Increased dividend and additional share repurchases
  4. The Amcor investment case has never been stronger

Facebook – Algo Sell

Posted on | by Leon Hinde

NYS:FB is under Algo Engine sell conditions.

We’re seeing falls in daily usage but global growth in overall user numbers continues to increase.

The company warned about the impact from Apple’s privacy changes and called the latter a “significant competitor.” Recent trends suggest slower growth in its advertising business and we may see lower revenue numbers in the second half of 2021.

We will be watching Google/Alphabet numbers when they report later this week.