Likes
This week, CMC Markets’ Michael McCarthy likes Domino’s Pizza (DMP).
It might be the second most short sold stock on the Australian share market, but Michael points out it has run hard from $44 to above $53 in just eight trading days.
“The shorters have almost 14 million shares to buy, and a short squeeze looks likely to me. Investors who have this stock on their radar may want to act quickly,” he says.
Our chartist, Gary Stone from ShareWealth Systems likes Lendlease Group (LLC).
“LLC’s share price has confirmed its breakout above the $18.50 to $18.70 resistance zone and is on its way to test its pre-GFC high of $20.27,” he says.
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Dislikes
Michael does not like James Hardie (JHX).
“A better than expected result is supporting the share price, but the surprise was driven by a lower tax bill rather than organic growth,” he says.
“I like the business but think there is no margin for error at current prices.”
And Gary does not like CSR Limited (CSR).
“CSR’s share price has fallen below the support zone of $5.05 to $5.15,” he says.
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