Dear %%first_name%%,
It’s just over a week until Cup Day, but there’s another important meeting on the first Tuesday in November – the Reserve Bank board meeting! I have changed my mind on the cash rate – I think the RBA should cut – it would help our economy, and also our stocks, and I explain how in today’s note.
Paul Rickard reveals he has been wrong on Telstra, but its fully franked dividend for FY16 puts it in the buy zone. And if you are thinking about a US stock for your portfolio, Chris Demasi from Montgomery Investment Management says that Amex shares are trading at a discount.
In Buy, Sell, Hold – what the brokers say this week, brokers upgraded Telstra, but downgraded a couple of mining companies. And in Super Stock Selectors, the energy sector and Lend Lease were among the likes.
Sincerely,
Peter Switzer