Dear %%first_name%%,
In the Report today, I ask the question: Is it risky to remain long stocks? The negatives for being positive on stocks are starting to stack up so I suggest you consider the more income preserving strategies that I put forward in my article today.
And with the ASX and Wall Street hitting record highs, our portfolios continued to surge in July. Record low interest rates have fuelled the demand for defensive stocks, allowing our income portfolio to return more than 22% year-to-date. In his seventh review for this year, Paul Rickard looks at how our model income and growth portfolios performed last month.
With reporting season this week, are there any stars on the horizon? Certainly, Commonwealth Bank’s result on Wednesday will be closely watched, with its full year dividend of 431 cents expected to at least be maintained. And though in a badly battered sector, Baby Bunting could be one shining light.
As the split between corporate earnings under pressure and share market indices near an all-time high persists, it’s no wonder stockbroking analysts continue issuing more downgrades than upgrades for individual ASX-listed stocks. In Buy, Sell, Hold — What the Brokers Say, for the week ending Friday 2 August 2019, FNArena registered 10 upgrades versus 26 downgrades.
If you missed last week’s webinar on what to expect this reporting season, a recording is now available for viewing.
The Switzer Listed Investment Conference is almost at capacity in Sydney and Melbourne, and there is still a handful of tickets available in Brisbane. Be sure to claim your complimentary tickets through the links below before they sell out:
And my new book ‘Join the Rich Club’ is now available on the Switzer Store website. Copies of the book will also be available for purchase at our conferences.
Enjoy the read and your week!
Sincerely,
Peter Switzer