Dear %%first_name%%,
My contribution to you today is to suggest stocks that could win from the recent RBA rate cut. Remember these are speculative plays but they are quality companies that will stand the test of time. Some will give you quick returns, others might take time to deliver, but as long as you have a diversified portfolio and don’t put all of your eggs in one basket, you could easily see some nice returns from the stocks I’ve surveyed.
Also in the Report today, Link, Costa Group Holdings, Appen, Reliance Worldwide Corporation and Flight Centre headline a list of companies lowering profit guidance this quarter. In his article, Tony Featherstone says he looks for key signs when assessing companies after a downgrade and that contrarians who buy companies torpedoed when they downgrade earnings should remember a few things.
And in Buy, Hold, Sell – What the Brokers Say, FNArena says there have been more downgrades than upgrades this week.
In Questions of the Week, Paul Rickard answers readers’ queries about Link, a beaten-up stock; what taxes do you pay if you buy US shares? and Coles shares and capital gains tax.
And finally, Paul and I will be joined by Charlie Aitken for our webinar tomorrow to discuss what stocks to buy and sell for the end of the financial year. Click here to register. If you can’t make it, a recording will also be available on the Switzer Report website.
Talk to you Saturday!
Sincerely,
Peter Switzer