Dear %%first_name%%,
US economic growth has come in a full percentage point higher than expected, which is another nail in the coffin for the doomsayers. Yes I know US jobs missed expectations, but I say a 4% GDP number trumps that.
Why am I so happy? Well, a good US means a good local market and it also means a stronger US dollar (i.e. a weaker Aussie), which will be even better for many companies here. I’ll tell you more about this in Switzer on Saturday. But today we have Charlie Aitken explaining why he thinks multi-year laggards are about to take a turn for the better and why NAB has just become one of his favourites.
Also in the Switzer Super Report today, we have Tony Featherstone examining the supermarkets’ move into financial services and whether or not to buy, Ron Bewley has the final cut on the stocks in his income portfolio and Manny Pohl, of EC Pohl & Co, talks about the benefits of SEEK in his Fundie’s Favourite.
In Buy, Sell, Hold – what the brokers say, Drillsearch gets upgraded while QBE gets a couple of downgrades and we examine buying shares for kids and GI Dynamics in Questions of the Week.
Sincerely,
Peter Switzer
Are you wondering what to do about BHP and Rio, given the falls in commodity prices? Watch my video with Paul Rickard to find out what we’re doing with them in our portfolios.