Dear %%first_name%%,
There’s a lot of data to keep an eye on this week – employment numbers, house prices, retail sales – and then there’s the Reserve Bank’s monthly board meeting tomorrow. Today, I explain the case for and against the stock market heading higher, and the impact of the performances on local and global economies.
Also today, Paul Rickard gives an update on the Switzer Super Report’s growth and income portfolios, which have performed better than the market in the calendar year.
James Dunn says investors will be looking for optimism in outlook statements this earnings season. A few companies have already reported and Rio is scheduled to report later this week. Watch for more updates as the season progresses.
In this week’s Buy, Sell, Hold – what the brokers say, CSL and Beach Energy get upgrades while Suncorp and Downer EDI are among the downgrades. Auction clearance rates are still higher than a year ago, but Sydney spent its fourth week in a row under 80%. And in Super Stock Selectors, health sector stocks get a mention along with regional bank Bendigo and Adelaide Bank.
Sincerely,
Peter Switzer