Dear %%first_name%%,
Charlie Aitken reminds us in his article today of the old market chestnut “Sell in May and go away”, which he says is proving somewhat accurate in global equities this month. Charlie’s approach to these sort of market situations that we’re currently experiencing is to rotate the portfolio a little to where there are greater total returns over the next 12 months.
Tony Featherstone says he has learned a few things about contrarian investing over the years, sometimes the hard way. In his article today, he has identified 3 contrarian sell and buy themes for FY20 to provide you with ideas on sectors and stocks to take profits on, and those that are out of favour, undervalued and worth buying.
And in Buy, Hold, Sell – What the Brokers Say, FNArena reports 9 downgrades and 3 upgrades. Vocus Group (VOC) has been upgraded by two stockbrokers this week, while Bluescope Steel (BSL) and QBE Insurance (QBE) have each received two downgrades.
Finally, in Questions of the Week, Paul Rickard answers readers’ queries about three stocks: Is the ASX a buy? Is there value in BlueScope Steel? Should I quit IOOF?
Don’t forget, Switzer TV is now being posted on YouTube every Monday night. Click here to view the latest episode featuring Charlie, Paul, Chris Joye, Julia Lee and Michael McCarthy.
Talk to you Saturday!
Sincerely,
Peter Switzer