Dear %%first_name%%,
BHP is a stock that a lot of us hold. Iron ore prices have recently taken its share price up to unexpectedly high levels but a Chinese inquiry could bring it down again. So is it time to sell BHP? Today, I give you my view and what the analysts are saying about the big Australian.
And in his article today, Paul Rickard has Woolies in his sights. With CEO Brad Banducci getting rid of Woolworth’s problem child – its exposure to pokies and alcohol – the market has reacted predictably to news of the demerger and taken its share price higher. However Paul questions whether this demerger is a reason to hang on. Should Woolies be on your sell list?
Also in today’s Report, Aussie companies selling consumer goods to China experienced “glory days”, making full use of our reputation of producing clean, high-quality product. But in the last 12 months, things have changed. James Dunn tells the tale of 4 Aussie vitamins and baby-food stocks that could be falling from grace.
In Buy, Sell, Hold — What the Brokers Say, Rudi Filapek-Vandyck says it’s quiet in stockbroking land, with attention increasingly shifting towards the upcoming August reporting season. For the week ending 5 July 2019, FNArena registered 5 upgrades and 10 downgrades.
And finally, CMC Markets’ Chief Market Strategist, Michael McCarthy explains why he likes Ooh! Media (OML) and doesn’t like Woolworths (WOW).
If you missed last Friday’s webinar or would like to view it again, a recording is now available on the Switzer Report website.
And tickets for the Switzer Listed Investment Conference in August are selling fast. A limited number of complimentary tickets are available for our valued subscribers, so click on the event you would like to attend below to get your tickets:
Sincerely,
Peter Switzer