Get the latest news on Australian Shares from the Australian Stock Market.
Share to buy – Westfield (WFD)
Westfield has added five new assets to its flagship portfolio, it was revealed at the recent quarterly update. Portfolio metrics are generally healthy, with sales and rents up, albeit occupancy and rent per sqm have slipped. Ongoing positives are the potential for a restructure, material apartment earnings, and exposure to a lower Aussie dollar. Technically, WFD has recently bounced strongly off its longer-term EMA filter (green line) and has broken higher from a consolidation zone.
Share to buy – Macquarie Group (MQG)
Activity trends for MQG were positive in the recent quarter and the group should benefit from a medium-term positive earnings upgrade cycle. Optimism about MQG’s upcoming results has been gaining momentum of late, with the investment bank likely to benefit from further growth in FUM, volatility in financial markets and a lower AUDUSD. MQG will report full-year earnings on May 8, with consensus estimates suggesting net profit will come in at $1.51 billion. We wanted to position ourselves appropriately ahead of the announcement, hence our recent buy recommendation. The technical evidence is also strong, with a strong uptrend in place coupled with a recent retest and confirmation of a key round number - $80 – as support. With everything lining up fundamentally and technically, we wouldn’t be surprised to see a move towards $90. Read more tips on Blue Chip stocks on the ASX.
Share to buy – Premier Investments
On March 5th our Head of Research Chris Conway appeared on Sky Business and placed a BUY rating on Premier Investments (PMV), citing the company’s optimisation strategy and growth in its Peter Alexander and Smiggle brands as potential highlights ahead of the company reporting. On March 23rd Premier reported, delivering a 9% increase in half-year profit in defiance of harder times being faced its major department store competitorsPremier lifted its net profit to $56.3 million after stronger sales growth from across its key brands such as Smiggle and Peter Alexander. On the day of reporting, Premier closed up an impressive 11.1% [video width="640" height="360" mp4="http://www.australianstockreport.com.au/21jan_share-tips/wp-content/uploads/Premier-Investments.mp4"][/video]
Share to Buy – Seek Limited (SEK)
In November last year, SEK reaffirmed guidance for 2015, expecting strong domestic online employment business as well as solid growth internationally. SEK's positive structural growth story being continues to be complemented by domestic cyclical momentum. The recent ANZ jobs ads numbers were supportive, with the widely-watched series rising 1.3% in January, and now 10% higher than they were a year ago. The bank said the more stable trend figure has now been going up for 15 months. Whilst the above is all good news, SEK is reporting on 17 February and this trade will be a play on those numbers. The graphic below shows that SEK typically rallies into and out of its reporting date. The blue line shows the average outperformance by SEK of the ASX 200 in the 30 days pre- and post-earnings. The statistical analysis if performed over the last 18 reporting events. Technically, SEK stacks up as well. There is an overarching bullish structure in place and although there appears to be stubborn resistance through $18.50, a strong result should see this region cleared. Using the reporting date as a catalyst, we’re targeting a move into $20.
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Nov 2014 - Nov 2016
Our short-term focused Trading Report returned 30.03%, outperforming the ASX/200 Accumulation Index by 23.58%*
DISCLAIMER: *Performance is derived from recommendations provided by Australian Stock Report’s Trading Report, opened on or after date of acquisition in Nov 2014 *Return figures are gross returns and do not take into account fees or brokerage costs. *Returns are calculated based on a $50,000 hypothetical portfolio, risking 2% of the overall portfolio balance ($1,000) as a starting point for each trade. *Due to slippage and gapping, losses can sometimes exceed $1,000 on an individual trade. *Opening and closing prices for trades (and therefore the prices used for determining aggregate profit/loss) will be those published on the Australian Stock Report website and will be determined by the price at which they could realistically be executed in the market at the time the recommendation is published. *ASX 200 Accumulation Index Return is calculated based upon the price of the index at the start of the session on the day the first ASX 200 trade was placed, i.e. 24.11.2015
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