Michael likes all four of the major banks but has a leaning towards ANZ and CBA. “The Big 4 bore a lot of investors concerns about changes to franking credits and a more difficult business environment under a Labor government,” he says.

“With these major obstacles cleared, the banks could be re-rated,” Michael adds.

ANZ

CBA

Source: Google

Dislike

“In the same vein, I don’t like the property sector, and especially Mirvac Group (MGR),” he says.

“The sector was lifted as investors rotated into unfranked dividends, and the index is at post GFC highs. I suspect the air will come out of this balloon,” he adds.

Source: Google

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