Dear %%first_name%%,
Last week we saw some good numbers come from the banks, which have many asking “have the big four run too hard?” James Dunn looks at this today, and finds some could still be worth adding to your SMSF.
Also in the Switzer Super Report today, I argue why a melt-up is more likely than a meltdown, as there’s still plenty of money on the sidelines waiting to get into stocks.
Elan Miller from Pengana Capital writes our Fundie’s Favourite today on Drillsearch Energy. Pengana bought Drillsearch in May this year and the stock has returned 20% in that time. Despite the run, they still see the stock as representing great value.
In Buy Sell Hold – what the brokers say, the banks are the centre of attention, with CBA getting an upgrade while Macquarie and Westpac both saw downgrades. And the auction scene continues to dazzle, with stellar results in Sydney and Melbourne.
Sincerely,
Peter Switzer