Wesfarmers is under Algo Engine buy conditions and is a current holding in our model portfolio.
Wesfarmers now holds 19.3% of Australian Pharmaceutical Industries. The acquisition has less than two weeks left in confirmatory due diligence. The battle between Sigma and Wesfarmers for the API business and final offers will be worth watching.
Accumulate.
Goodman is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We expect 10% EPS growth into FY22 and the near 2% dividend yield remains well supported.
Cochlear is under Algo Engine buy conditions.
Ramsay Health Care is under Algo Engine buy conditions and is a current holding in our model portfolio.
Lithium prices have risen to over $20,000 a tonne from about $7,000 a tonne last September.
Orocobre expects to reach full production at a mine in Argentina which should help to underpin the current share price rally.
Sorry, but this content is restricted to our members.
Please login with your account or register for a free trial. If your trial has expired, then you may renew it here.
If you are having an issue with your account, then please get in touch with us.
The bullish pattern in the S&P500
Versus, the potential for a more bearish global pattern to watch.
U.S. home building unexpectedly fell in September and permits dropped to a one-year low amid acute shortages of raw materials and labor, supporting expectations that economic growth slowed sharply in the third quarter.
A separate report from the Mortgage Bankers Association on Tuesday showed mortgage applications for new home purchases decreased 16.2% in September from a year ago.
Permits for future home building plunged 7.7% to a rate of 1.589 million units last month.
Despite the recent weak data the SPDR home builder ETF remains well supported.
Gold Road Resources is under Algo Engine buy conditions.
GOR made an unconditional A$166m off-market takeover offer for Apolla Consolidated. GOR is already AOP’s largest shareholder, owning 19.9%.
Domino’s Pizza Enterprises is under Algo Engine buy conditions and is among the best-performing stocks in our ASX 100 model portfolio. The stock is up 74% since being added in November last year.
The recent pullback and higher low formation has generated another entry reminder. Accumulate DMP within the $115 to $135 price range.
Level 29 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453
Or start a free thirty day trial for our full service, which includes our ASX Research.