Like
Michael likes BHP. “It’s tempting to take profit in BHP now after its lift above $40. Iron ore was an important driver of the share price gains. However, falls in copper and crude over the same period means there are potential supporting commodity moves even if iron ore retraces,” he says.
“Commodity markets sprang back to life last week after central bank commitments and longer-term expansion plans at Olympic Dam gives BHP options.
“I’m looking for a test of all-time highs above $45,” he adds.
Source: Google
Dislike
Michael doesn’t like EML Payments (EML). “I don’t like EML Payments (EML). A successful organic and acquired European expansion has attracted a lot of interest in EML,” he says.
“The share price has doubled over the last four months. However, consensus earnings estimates halved over the last two years, meaning the stock is trading on a P/E ratio around 55 times.
“Given the high level of disruption in the payments space and lower barriers to entry, EML might be considered overbought above $3,” he adds.
Source: Google