Dear %%first_name%%,

Two significant actions last week have made me more confident that our big banks remain a pretty sensible play for anyone who’d love term deposits to be 5% or 6%, which, of course, is a forlorn waste of time to even contemplate. In my article today I look at whether the big banks are a good buy right now.

In his article today, Paul Rickard zeros in on Telstra (TLS). And while Paul does says a few nice things about TLS, he questions how much more work needs to be done to make up for the havoc the NBN is reeking on this telco.

James Dunn is on his way back from London so he has swapped his usual Monday article with Tony Featherstone. In his article today, Tony says that buying shares in discretionary fashion retailers is as contrarian as it gets in this market, even though some are performing well and others are undervalued. He sees City Chic Collective and Noni B stand out.

For the week ending Friday 16 August 2019, FNArena registered 24 upgrades issued for individual ASX-listed stocks against 13 downgrades. Previously, the pendulum had been firmly in favour of more downgrades!

And finally, in our Hot Stocks today, CMC Markets’ Chief Market Strategist, Michael McCarthy, explains why he likes BlueScope Steel (BSL) and doesn’t like Saracen Minerals (SAR). Meanwhile, Julia Lee, Portfolio Manager of Burman Invest, puts Baby Bunting (BBN) on her like list but Ooh Media (OML) is on her list of dislikes.

Thanks to everyone who joined us at the Switzer Listed Income Conference in Sydney on Friday. Tomorrow’s event in Melbourne is sold out, but we still have some tickets available in Brisbane for Wednesday.

Be sure to tune in tonight and every Monday night at 5pm for Switzer, our new show on YouTube.

And my new book ‘Join the Rich Club’ is now available for purchase through the Switzer Store website.



Sincerely,

Peter Switzer