Hot stock tips: AGL Energy and Brambles

Online Editor, Switzer Daily
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Does AGL Energy (AGL) have enough power to surge through its all-time high of $20.77?

The retail energy generator and seller has bounced off a key support zone of $18.70 to $19.00, notes Gary Stone of Share Wealth Systems.

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“[AGL] looks set to test its all-time high of $20.77 and potentially go higher,” he says.

AGL shares closed at $20.07 on Friday and are currently trading around $19.80. Watch this space.

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Source: Yahoo!7 Finance, 21 November 2016

iSentia Group (ISD) has been in the dislikes list for Stone for a couple of months.

Today, he reaffirms his concern for the share price after it fell sharply below a support area of $3.00 to $3.25 last week.

“It’s now highly likely that the ISD share price will test, and potentially fall below, its initial listing price of $2.43.”

Where to from there?

“A bounce back up to the $3.00 area may precede this fall,” he notes.

iSentia Group

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Source: Yahoo!7 Finance, 21 November 2016

Michael McCarthy of CMC Markets sees value in Brambles (BXB).

The supply-chain logistics group previously closed at $11.88, beneath its 52-week high of $13.64.

“The recent pull back puts the AUD exposed company back on a buyable PE/Growth ratio,” says McCarthy.

Brambles

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Source: Yahoo!7 Finance, 21 November 2016

For the second week running, McCarthy doesn’t like gold producer Newcrest Mining (NCM).

“Further downward pressure on the gold price could see NCM break through key support levels.”

Newcrest Mining

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Source: Yahoo!7 Finance, 21 November

Raymond Chan of Morgans likes Westpac Banking Corp (WBC) after company results met expectations.

“Among the big four banks I like Westpac Bank. The recent trading update appears to be quite comfortable,” he told Switzer TV.

“There’s a bit of bad debt charges but it’s manageable: they continue to cut down their costs.”

Westpac

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Source: Yahoo!7 Finance, 21 November 2016

Our Super Stock Selectors is a survey of prominent analysts, brokers and fund managers. Each week we ask them to name a stock they like, and one they don’t like. We purposely ask for ‘likes’ and ‘dislikes’ instead of recommendations, so it provides an idea of what the market is looking at, rather than firm buys or sells.

Important: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. Consider the appropriateness of the information in regards to your circumstances.

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