Hot stocks – telecommunications and a jobseeker’s site

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In this week’s likes and dislikes is a telecommunications company and a popular jobseeker’s website.

Michael McCarthy of CMC Markets likes TPG (TPM) this week. He says “at the lowest share price in three years, I think TPG’s longer strategy is worth the risk. Bear case of NBN is priced in, think targeting higher value customers could turn the earnings profile.”

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Source: ASX

On McCarthy’s not-so-good list this week is Seek (SEK). “The return to recent highs reflects optimism about potential earnings upgrades at the AGM,” says McCarthy.

“I think it’s all in the price, and selling now to potentially buy back at lower levels.”

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Source: ASX

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