Dear %%first_name%%,
In preparing for today’s Switzer Report, I immersed myself in the data and issues that will turn this huge market sell off into a huge rebound virus data. I also wanted insights that could make my assessment of when this market might turn more believable. The facts I’m reading will determine when I’ll get in there and buy, which is what I write about in my article today.
Last Thursday, the Federal Government announced a $17.6 billion stimulus package to support the Australian economy. Paul Rickard today looks at 3 stocks that fall into the categories of discretionary retailers, gaming and medical that could be beneficiaries of this package.
While the COVID-19 outbreak represents significant short-term risk to valuable Asian export demand, James Dunn says that the timely autumn rain means that the mood in rural Australia is more positive than it has been for a long time.
In his article today, James looks at a group of 5 stocks still flying the flag on the stock market for the nation’s farming sector.
In Buy, Sell, Hold – What the Brokers Say, FNArena says for the week ending Friday 13 March 2020, FNArena counted no less than 45 upgrades for ASX-listed entities and six downgrades (of which two shifted to Sell).
And finally, CMC Markets’ chief market strategist, Michael McCarthy, says there’s too much market volatility to buy stocks at the moment!
As you all know, our Switzer Investor Strategy days have been postponed due to COVID-19 precautions. Because of this, we will be livestreaming the event online through our Youtube channel from 10am tomorrow morning. Given the recent uncertainty and volatile markets, the streamed event will give you a great opportunity to hear from Paul and I, plus all the top managers and their strategies to maximise returns in this market. Tune in tomorrow, Tuesday 17 March, at 10am via this link.
Sincerely,
Peter Switzer