Dear %%first_name%%,
The S&P 500 and Dow were lower over the weekend, likely as a result of comments by Federal Reserve boss Janet Yellen, but generally, we could be experiencing a market melt-up. A market melt-up is the opposite of, you guessed it, a meltdown, and today I look at the argument behind this call.
Also in today’s Switzer Super Report, Paul Rickard revisits his bank rankings and picks a winner. Here’s a clue: “which bank?” And with the reporting season soon coming to a close, James Dunn reviews what we’ve seen so far, and what’s yet to come, including Harvey Norman, Woolworths and Ramsay Health Care. Plus, Gary Stone looks to the BHP charts to see if there’s a chance for the stock to make a clear break above the $40 barrier and head up towards $50.
In Buy, Sell, Hold – what the brokers say, brokers have been busy downgrading this week, including Wesfarmers and BHP. There are three stocks in Shortlisted ranging from biotech to a retailer to a tech company. And don’t miss this week’s auction clearance rates.
Enjoy the read.
Sincerely,
Peter Switzer