Like

This week, CMC Markets’  Chief Market Strategist, Michael McCarthy likes EMECO Holdings (EHL). “The heavy equipment rental group halved in share price, from a peak above $4 just six months ago. Growth expectations for the group are modest, and the P/E is well below the market average at around 10x. Mining groups are running, yet EHL is still closer to lows, making it attractive in my book,” he says.

Dislike

Michael doesn’t like Goodman Group (GMG). “This integrated property and services group has a better track record, and shareholders have enjoyed a strong run. However, in my view, the stapled security topped out just above $12, and the elevated share price, lower unfranked dividend and stretched valuation could mean it’s vulnerable to a significant pullback,” he maintains.

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