Dear %%first_name%%,
With the US stimulus package just about across the line, Wall Street has had back-to-back rises this week. And early monitoring of US stock market futures indicates the key indices will open higher on Thursday. This raises two questions you might want to ask me. First up, am I buying? And if not, why? I answer these questions in my article today.
In his article today, Tony Featherstone looks at 5 stocks that suit income investors prepared to sacrifice a little yield for greater certainty in owning high-quality companies. But Tony says there’s no need to buy aggressively yet. He says this market has further to fall and cautions against relief rallies.
And in Buy, Sell, Hold — What the Brokers Say, there have been 26 upgrades and 5 downgrades so far this week from the 7 stockbrokers monitored by FNArena.
Finally in Questions of the Week, Paul (Rickard) answers readers queries about the size of Westpac’s likely dividend cut; The transfer balance cap and making your super tax free; and CBA’s dividend re-investment plan – what price will CBA’s shares be?
Make sure you register for our webinar next Friday, where Paul and I will be discussing how we’re responding to the coronavirus and answering any questions you may have.
Talk to you Saturday.
Sincerely,
Peter Switzer